AT A GLANCE: Salzgitter projects big loss in 2020, requires safeguards adjustment

May 14, 2020 / www.metalbulletin.com / Article Link

A summary of German steelmaker Salzgitter's financial results for the first quarter of 2020.

In brief

The impact of Covid-19 on Salzgitter's operations has been limited in the first quarter of 2020 but the situation remains tense. Industrial orders, revenues and production started to rise in January, but the recovery was interrupted by the Covid-19 pandemic outbreak. The effects of the Covid-19 pandemic on the company started to show toward the end of the first quarter while orders fell sharply.  Key customer groups - including...

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