New World Resources hit hard by lack of demand

New World Resources saw a big drop in revenues and profits over the first nine months of the year as it was hit by floundering demand in steel markets.

New World Resources saw a big drop in revenues and profits over the first nine months of the year as it was hit by floundering demand in steel markets.

Revenues dropped 18% to €1.01bn with pre-tax profits coming in at €67.5m, down 59% on the previous year's figure.

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