While underlying volume demand in automotive and industrial steel wire markets remains strong, the adverse margin effect from a number of factors that have weighed on our profitability since the second half of 2017 seem to be more impactful and longer lasting than we projected. As reported before, these factors include:
- Continued volatility of wire rod prices
- The impact of changes to trade policies
- The slow recovery of Bridon-Bekaert Ropes Group
- Continued low demand for loose abrasive sawing wire
- Continued low demand in oil and gas markets due to delayed investment activity
- Inflationary costs in general
- The difficult business
- Continued volatility of wire rod prices
- The impact of changes to trade policies
- The slow recovery of Bridon-Bekaert Ropes Group
- Continued low demand for loose abrasive sawing wire
- Continued low demand in oil and gas markets due to delayed investment activity
- Inflationary costs in general
- The difficult business
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