Salzgitter's Q3 results rise on higher steel prices

November 13, 2021 / www.metalbulletin.com / Article Link

A summary of German steelmaker Salzgitter's financial results for the third quarter of 2021, running from July 1 to September 30.

In brief
Recovery in the European flat steel market and high steel prices led to a strong performance in the third quarter, particularly in the Strip Steel and Trading units of the company, Salzgitter said on Friday November 12.

A strong economic upswing in the first half of 2021 in Europe was followed by steady rises in steel production both globally and regionally. But the worsening of supply chain problems - quite apart from steel products - and the resulting production cuts, such as those seen in the automotive...

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