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

German steelmaker Salzgitter Group posted a provisional loss of €200mn ($243mn) in FY20, improving from the loss of €253.3mn in FY19. Preliminary data indicated that sales increased by 21pc to €8.5bn in FY20 from €7bn in FY19. Pre-tax profit is estimated between €150-200mn. The company will release detailed production and financial information in March 2021.


Salzgitter is supplying a large order for about 160,000mt of welded large pipe for an oil project in Qatar. Salzgitter Mannesmann will monitor the supply chain including project coordination and readiness for installation. Pipes and elbows production will start in early 2021 by Europipe GmBH Mülheim, a joint venture between AG der Dillinger Hüttenwerke and Salzgitter AG. 


($1 = €0.82)

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