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Salzgitter - Latest news GMK Center

Photo – Salzgitter lowered its sales forecast for 2023
Salzgitter lowered its sales forecast for 2023

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

Photo – Salzgitter ordered a plant for the production of green hydrogen from the Austrian Andritz
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

Photo – Salzgitter started repairing blast furnace A
Salzgitter started repairing blast furnace A

Unit maintenance will last approximately 100 days

Photo – EU steel market may open to imports in 2024 – Salzgitter
EU steel market may open to imports in 2024 – Salzgitter

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

Photo – Salzgitter prepares to shut down for repairs at Blast Furnace A
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

Photo – Salzgitter declared a force majeure for steel supplies due to weather conditions
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

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

The contractors were Tenova, Danieli and DSD Steel Group

Photo – German industry still needs energy support – Salzgitter CEO
German industry still needs energy support – Salzgitter CEO

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

Photo – Salzgitter received €1 billion in funding to decarbonize steel production
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

Photo – Salzgitter will replace the blast furnace A lining
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

Photo – Salzgitter and Canada’s Baffinland will cooperate in the production of green steel
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

Photo – The German Salzgitter reduced steel production by 6% y/y in January-September 2022
The German Salzgitter reduced steel production by 6% y/y in January-September 2022

At the same time, financial indicators and the volume of external sales increased

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