Salzgitter

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Salzgitter restarts blast furnace A after 100 days of downtime

During the period of downtime, the company carried out modernization, which required €100 million of investment

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Salzgitter expects weak market conditions in Q4

In January-September, the company's sales fell by 14.3% y/y

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Salzgitter lowered its sales forecast for 2023

The company refers to the weakness of the German economy and the instability of the situation

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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

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Salzgitter started repairing blast furnace A

Unit maintenance will last approximately 100 days

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EU steel market may open to imports in 2024 – Salzgitter

Currently, pressure from Asian countries has increased on the European market

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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

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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

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Salzgitter has entered into an agreement to build a direct reduction unit

The contractors were Tenova, Danieli and DSD Steel Group

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German industry still needs energy support – Salzgitter CEO

The price of electricity still affects the competitiveness of energy-intensive industries

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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

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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

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