SCHMOLZ + BICKENBACH cities ‘steel crisis’ as it look to raise cash

Swiss steelmaker Schmolz + Bickenbach said Wednesday it is planning a capital increase of up to CHF350 million ($354 million), while slashing its full-year earnings forecast due to poor demand.

Read more at SCHMOLZ + BICKENBACH CITES ‘STEEL CRISIS’ AS IT LOOKS TO RAISE CASH.

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