Bekaert eyes recovery for rubber reinforcement unit

摘要

BELGIUM:Bekaert SA's Rubber Reinforcement business unit has been severely impacted by the Covid-19 pandemic,but the Belgian steel products manufacturer expects a recovery in the second half of the year.Segment consolidated sales contracted 30% to €725 million in the first half of 2020,on 25% lower volumes,the group announced in a 31 July statement.The volume contraction,including a 36% drop in the second quarter,was the result of a collapse in demand within the tire and automotive markets,Bekaert added.