Salzgitter expects weak market conditions in Q4

In January-September, the company's sales fell by 14.3% y/y
Salzgitter lowered its sales forecast for 2023

The company refers to the weakness of the German economy and the instability of the situation
Salzgitter ordered a plant for the production of green hydrogen from the Austrian Andritz

The contract completes a series of orders for the first phase of the Salzgitter SALCOS transformation program
Salzgitter started repairing blast furnace A

Unit maintenance will last approximately 100 days
EU steel market may open to imports in 2024 – Salzgitter

Currently, pressure from Asian countries has increased on the European market
Salzgitter prepares to shut down for repairs at Blast Furnace A

Stopping the unit will not affect the company's ability to deliver products to customers
Salzgitter declared a force majeure for steel supplies due to weather conditions

After heavy rains and floods in Germany, the company warned of production cuts and delivery delays
Salzgitter has entered into an agreement to build a direct reduction unit

The contractors were Tenova, Danieli and DSD Steel Group
German industry still needs energy support – Salzgitter CEO

The price of electricity still affects the competitiveness of energy-intensive industries
Salzgitter received €1 billion in funding to decarbonize steel production

The first phase of the project is planned to be completed by the end of 2025
Salzgitter will replace the blast furnace A lining

At the same time, the company will resume the operation of blast furnace C, which has been idle since 2019
Salzgitter and Canada’s Baffinland will cooperate in the production of green steel

The Salzgitter Group aims to achieve practically zero carbon emissions by 2033

1 2