According to the company, the drop was due to less demand from the industry, which registered a drop of 26% in revenue. In addition, stainless steel prices have fallen 19% in Germany, 15% in Asia, and 6% in the US. The expected recovery has not yet occurred.
However, the company pointed out that signs of improvement are already being noted for the second half of the year, compared to the same period last year, since orders implied an optimistic outlook.
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