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27 Apr
15:14

Salzgitter lifts earning forecast on high prices

After “an encouraging start to the year,” Salzgitter group raised its earnings forecast for the financial year 2021, Kallanish learns from the German steelmaker. According to the still preliminary figures now available, the group generated a pre-tax profit of €117 million ($141m) in the first quarter, thereby exceeding current market expectations. This performance was especially attributable to the results of the strip steel and trading business …
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