Germany’s Salzgitter forecasts stable EU prices for flat steel in 2018

German steelmaker Salzgitter expects to benefit from generally stable selling prices in the EU steel market in 2018, combined with raw material prices for iron ore and coking coal that will stay close to the levels seen at the end of 2017.

The positive outlook, however, is threatened by significant volumes of coil imports into Europe from such countries as Turkey and India, despite anti-dumping measures being in place, the company said on Wednesday February 28.

Due to higher shipment volumes and robust demand this year, Salzgitter expects a moderate increase in sales. The company forecast earnings before taxes (Ebt) at its strip steel unit of more than €100 million ($123...

Published

Maria Tanatar

February 28, 2018

20:28 GMT

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