The company attributed the weaker quarterly results to the effects of the Covid-19 pandemic.
A fragile market recovery, which started in early 2020, was interrupted by the pandemic.
Geographically, all regions and countries suffered a double-digit percentage decline in revenue year-on-year.
The sharp decline in demand from the automotive industry had a particularly strong effect on the company’s quality & engineering steel group.
Q1 2020 results
Earnings before interest, taxes, depreciation and...