ThyssenKrupp expects continued price strength in 2018 despite trade uncertainty

German steelmaker ThyssenKrupp expects “continued stable and high prices on the commodity and material markets” over the remainder of its financial year, which will end on September 30, 2018, it said on Tuesday May 15.

“Assuming that prices on the materials markets remain stable at a high level throughout the fiscal year, adjusted earnings before interest and taxes [Ebit] [will be] significantly higher year-on-year than the €547 million [$654.30 million] in 2016-17,” the company said. Metal Bulletin’s price assessment for domestic hot-rolled coil (HRC) in Northern Europe averaged €555 ($664) per tonne ex-works in the first quarter of 2017, up from €527.69 per tonne in the last quarter in 2017. The same price assessment has averaged €561.67 per tonne ex-works...

Published

Viral Shah

May 15, 2018

15:47 GMT

London