Salzgitter cuts financial forecasts for 2025 due to market conditions

German concern Salzgitter AG is cautiously optimistic about 2026. This was stated by the company’s CFO Birgit Potrafki, according to Reuters.

These expectations are linked to upcoming EU measures to ensure the competitiveness of steel producers in the bloc.

In the first nine months of 2025, the group’s revenue amounted to €6.9 billion compared to €7.7 billion in the same period last year, EBITDA was €224 million (€320.6 million in January-September 2024), and pre-tax losses were €72.7 million.

Salzgitter has lowered its forecasts for 2025, as market conditions have hardly improved since the beginning of the year, and recent signs of moderate price increases will not be reflected in the results until next year.

Annual sales are expected to be just over €9 billion (previously forecast to be in the range of €9-9.5 billion).

At the same time, Birgit Potrafki said that no decision has yet been made on the future of Huettenwerke Krupp Mannesmann (HKM, jointly owned by Thyssenkrupp Steel Europe, Salzgitter, and Vallourec) and that various options are being evaluated.

In February, Thyssenkrupp announced that investor CE Capital Partners had broken off negotiations on the potential purchase of HKM, and that it would probably have to be closed if no buyer was found. Salzgitter CEO Gunnar Grebler said in August that the company hopes to clarify its position on the possible closure of Huettenwerke Krupp Mannesmann by the end of September.

Thyssenkrupp owns 50% of HKM, Salzgitter 30%, and Vallourec 20%.

As a reminder, Salzgitter is selling Aurubis bonds to finance the Salcos project and business objectives. The funds will also be used to diversify the structure.