12
Aug
10:12
Salzgitter earnings suffer from low steel prices
As a result of prices for most rolled steel products trending down, Salzgitter’s revenue in the first half of 2024 dropped to €5.24 billion ($5.72 billion), down by 10% from H1 2023, Kallanish notes.
Also mainly due to selling prices, earnings before taxes fell considerably, from €211 million to €11.5m. The result includes an after-tax contribution of €70.6m from copper maker Aurubis AG. Salzgitter notes that its non-steel activities fare…
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Anonymous
Very good overview of the weekly steel market.
Anonymous