AT A GLANCE: Salzgitter confirms financial targets for 2021 on continued steel market recovery

August 12, 2021 / www.metalbulletin.com / Article Link

A summary of German steelmaker Salzgitter's financial results for the second quarter of 2021, running from April 1 to June 30.

In brief

Recovery in the steel market and surging steel prices led to a strong performance in the second quarter, particularly in Strip Steel and Trading. Steel demand in Europe has continued to increase from 2020's Covid-19 slump. Not only have steelworks' order intakes increased significantly on revived demand, but prices have also reached record levels.Fastmarkets' daily calculation of the steel hot-rolled coil index, domestic, exw Northern Europe averaged ?,?1,061.09 ($1,244,18) per tonne in the second quarter, up by ?,?323.06 from an average of ?,?738.03 per tonne in...

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