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The greentec steel project is progressing according to plan

However, the company's results turned out to be worse than analysts had predicted

The investments will take place against the backdrop of an infrastructure boom in India

The main factor was the commissioning of two converters, each with a capacity of 3 million tons per year

The figure reached $575 million, while revenue and EBITDA also increased q/q

The company has gotten off to a strong start this year

Steel production during this period increased by 5.5% y/y, while sales volumes declined slightly

Compared to the previous quarter, the figure rose by 19%

The company's external sales fell to €9 billion

The figure for the year was $10.87 billion

The concern reported that its transformation is progressing successfully

The company's revenue for the period amounted to $61.3 billion