, Slowdown in Global Steel Production Affects Cookson Group
A slowdown in global steel production affected Cookson Group PLC as the company has warned that its profits will be below initial estimates. Cookson Group, one of the UK’s oldest industrial companies, has admitted that its division producing glass and ceramic products for steelmakers was weaker in July and August than initially expected. Cookson Group’s shares dropped after the company had warned profits would be affected by slowdown in global steel production.
