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    May 8, 2025

    Klöckner narrows Q1 loss, targets growth in North America and Europe

    Written by Ethan Bernard

    Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.

    The Duisburg, Germany-based company logged a net loss of €28.3 million (USD$31.8 million) in Q1’25, down 13% from a €32.6 million loss a year earlier. Net sales fell 4% to €1.67 billion (USD$1.87 billion) in the same comparison.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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