Steel Mills
Kloeckner Metals Earnings
Written by Sandy Williams
November 5, 2014
Kloeckner Metals Corporation, the Americas segment of Klockner & Co. SE, had shipments of 733,000 tonnes (807,989 tons) in third quarter 2014, up 2.6 percent year over year due to favorable market development. Shipments were even with second quarter results. Sales were €634 million ($7.9 million), compared to €608 million ($7.5 million) in Q2 and up 6.8 percent year over year.
EBITDA, before restructuring costs, was €29 million ($36 million).
For the fourth quarter, declining prices are expected to have a negative impact on earnings in the Americas segment
Kloeckner Metals Corporation is headquartered in Roswell, Georgia, and consists of three business segments: Flat Rolled Group, Heavy Carbon Group and Special Products Group. Kloeckner also has three divisions: Temtco Steel Division, Kloeckner Metals Processing Division and California Steel & Tube Division.
Sandy Williams
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