08
May
22:42
Salzgitter revises down earnings guidance
Salzgitter has revised down its 2024 sales guidance to €10.5 billion ($11.3 billion) from €10.5-11 billion and Ebitda to €550-625 million from €700-750m.
This comes amid signs the steel demand recovery will be weaker than expected, as well as growing uncertainty over second-half economic growth in Germany, which is translating into delays in incoming orders, the steelmaker says.
There are “indications that the German economy will not be…
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Anonymous
Very good overview of the weekly steel market.
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