German steelmaker Salzgitter has upwardly revised its full-year forecast for 2021 after posting positive preliminary results for the first quarter due to improving steel market fundamentals.
In its preliminary first-quarter report, published on Friday April 23, Salzgitter said it expected pre-tax profits of ?,?117.30 ($141.90) million, "thereby exceeding current market expectations" - a significant improvement on the ?,?34.10 million loss posted in the first quarter of 2020.The company's external sales are expected to amount...