News
Salzgitter Cuts 2025 Outlook Again Despite Slight Market Improvement
German steelmaker Salzgitter (SZGG.DE) has trimmed its 2025 forecast for the second time, citing only minor improvement in market conditions. The company now expects annual sales slightly above €9 billion and pre-tax losses of €50–100 million.
Frankfurt, November 11 —
German steel producer Salzgitter (SZGG.DE) on Monday lowered its 2025 forecast for the second time, citing only a modest improvement in market conditions since the start of the year.
The company said both sales and earnings came in below its earlier target range, despite some recent signs of stabilizing prices. However, it added that any positive impact from these small price gains is unlikely to reflect in revenue or profit before next year.
Salzgitter now expects annual sales slightly above €9 billion ($10.5 billion) — down from its previous forecast of €9–9.5 billion. It also narrowed its core earnings range to €300–350 million, compared with an earlier range of €300–400 million.
The company projects a pre-tax loss of €50–100 million, whereas it had previously expected results between a €100 million loss and breakeven.
(€1 = $1.167, $1 = €0.8575)
