German steelmaker Salzgitter has downgraded its full-year earnings forecast for 2020 due to the Covid-19 pandemic, the company said in its preliminary report for the first quarter on April 24.
"We anticipate a negative pre-tax result in a significant, with a high probability, triple-digit million euro range for the financial year 2020. The scope of feasible scenarios is so extensive that precise quantification would be pure speculation from a current standpoint," Salzgitter said.In its full-year report for 2019, published on March 16, the company was...