“During the fourth quarter, the market showed positive tendencies and the gradual recovery that began in the third quarter continued. This improvement is derived from very low levels and is largely a result of an easing of customer destocking. Order intake from the energy sector, and large parts of the Asian market, remained strong. The market situation improved slightly in North and South America, Australia and Africa, but remained weak in Europe,” says Sandvik’s President and CEO Lars Pettersson….more at Sandvik