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Salzgitter announced its annual profit

Salzgitter announced an EBITDA of €677 million in 2023, down by €1,618.2 million in 2022, and a profit before tax of €238.4 million.

Salzgitter announced its annual profit

The German steel producer Salzgitter, which has an important place in Europe, announced its profit before tax of €238.4 million in 2023, down from €1,618.2 million in 2022 to €677 million EBITDA in 2023. In 2023, the company generated €10.8 billion in foreign sales, down 14% by €12.6 billion in 2022 due to decreasing steel prices. For 2024, the company forecasts external sales of up to €11 billion, EBITDA in the range of €700-750 million and pre-tax profit of €250-300 million.

Salzgitter aims to invest €39 billion in new scrap shredder

Salzgitter is planning to invest approximately €30 million in a new scrap shredder, as the existing scrap shredder at the plant is no longer operational. The new scrap shredder will produce technically more advanced and cleaner scrap grades with higher processing capacity.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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