Germany's Salzgitter downgrades 2019 earnings forecast

German steelmaker Salzgitter has downgraded its full 2019 earnings forecast, the company announced this week.

The forecast was corrected due to "non-recurring writedowns" amounting almost ?,?200 million, Salzgitter said on Tuesday January 14.
Salzgitter now expects its pre-tax loss for 2019 will be ?,?250-280 million ($278-312 million), having previously expected a pre-tax loss in "the mid-double-digit million euro range."
The company previously warned that its results would be affected by a price-fixing probe in Germany.

In December, Germany's cartel authority...

Gold stocks lead the large cap miners by far over H1/25

Gold stocks up as the metal price and equities gain

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline