21
May
10:13
Salzgitter reports mixed first quarter, gives wary outlook
Like most western European steel companies, Germany’s Salzgitter reported declining first-quarter figures in comparison with last year.
In the slow markets of the first quarter, external revenue dropped 10.2% from the previous-year first quarter to €2.68 billion ($2.91 billion), mainly due to lower steel prices achieved.
This led to a considerable drop in pre-tax profit (Ebit) to €17 million, down from €184m, and for net profit to &eur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous