Salzgitter confirms strong Q1 performance but warns of economic headwinds ahead

German steelmaker Salzgitter showed a year-on-year increase of 31% in pre-tax earnings for the first quarter of 2019, attributed to the “very satisfactory” results from its steel strip business and other units, the company said on Wednesday May 15.

Salzgitter’s total external sales for the first quarter were €2.3 million ($2.6 million), unchanged from the corresponding period in 2018. Total sales in the first quarter from the strip mill business, which produces such materials as hot-rolled coil (HRC), were €598.8 million ($672 million), down from €609.4 million...

Published

Ross Yeo

May 15, 2019

15:00 GMT

London