Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Salzgitter Group increased its 2021 pre-tax profit forecast to €300-400mn, up 100pc from €150-200mn in late 2020. The increase is attributed to increases in rolled steel prices, improved steel demand, and improved productivity measures within all segments of the company with a cautious warning about the unquantifiable risk of COVID-19 pandemic effect on the year’s performance. 


Salzgitter preliminarily generated a pre-tax profit of €117.3mn in Q1 2021 on external sales of €2.1bn in the same period. While sales were flat against the same quarter last year, the Strip Steel and Trading, 

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