Brief: BE Group Stops Orders From Russia

BE AB (publ)

07/03/2022 06:48

March 7 (Reuters) - BE Group AB (publ)  BEGR.ST :
    * THE IMPACT OF THE UKRAINIAN WAR ON BE GROUP
    * ABOUT 10% OF BE GROUP'S TOTAL STEEL PURCHASES IN 2021 CAME FROM RUSSIAN-CONTROLLED STEEL
PRODUCERS.
    * BE GROUP HAS IMMEDIATELY STOPPED ORDERS AND PAYMENTS TO COMPANIES SUBJECT TO GLOBAL
SANCTIONS.
    * IT IS CLEAR THAT WAR WILL HAVE A MAJOR IMPACT ON EUROPEAN STEEL MARKET WITH SHORTAGES AND
SHARP
PRICE INCREASES AS A CONSEQUENCE.

Source text for Eikon:  ID:nWkr7vyYtv 
Further company coverage:  BEGR.ST 

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