Salzgitter

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Salzgitter rejects takeover bid and maintains independence

The company will remain independent and continue its transformation towards green steel

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Salzgitter notes the weakness of the German economy and uncertainty about exports

The steel sector was affected by high energy prices and high imports

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Hoberg & Driesch acquires a stake in Salzgitter’s pipe business

The deal will allow Hoberg & Driesch to strengthen its market position and expand its product range

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Salzgitter announces force majeure on coil supply

Salzgitter hot rolling mill suspends production after fire

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Salzgitter starts construction of a large-scale hydrogen production plant

The company invests in a 100 MW electrolysis plant to switch to greener production

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Salzgitter’s EBITDA for FY2024 exceeds expectations

The company reported €445 million in EBITDA, although overall financial performance declined

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Shareholder consortium raises offer for Salzgitter to €1.1 billion

Lower Saxony government and workers' representatives oppose the takeover

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Shareholder consortium prepares for voluntary buyout of Salzgitter AG shares

GP Günter Papenburg AG is considering taking control of the company through the acquisition of more than 45% of the shares together with TSR Recycling

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RWE and Salzgitter have agreed on a long-term supply of green electricity

The agreement is designed for seven years and will come into effect in 2027

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Salzgitter and Thyssenkrupp are looking to sell their stake in Hüttenwerke Krupp-Mannesmann

In March, it was reported about negotiations regarding the purchase by steel producers of Vallourec's stake in HKM

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Salzgitter increased steel production by 6.2% y/y in H1 2024

Product sales during this period decreased by 10.2% y/y

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Salzgitter cuts sales and profit forecasts for 2024

The recovery of the German economy is still slow, the company noted

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