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...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain