Slovenian steel group from Sloves (Sij Group) announced that its key subsidiaries Sij Acroni and Sij Metal Ravne received an additional financing package of 25 million euros from leading banks, including NLB D.
D., Unicredit Banka Slovenija D.
d., Otp Banka D.
d. And Sid Bank. The agreement is aimed at strengthening the financial stability of the group against the background of growing problems in the European steel sector.
market pressure from imports, tariffs and energy costs
The European steel industry continues to experience the installation pressure from an increase in Asian imports, the policy of American tariffs and high energy costs. For the Sij group, these external problems directly influenced profitability and production.
in the first half of this year, Sij Group recorded a clean loss of 23.8 million euros, while its sales revenues decreased by 11.0 % to 518 million euros, both based on the year. In addition, the company produced 248,100 million tons of steel in the first six months, decreasing by six percent.
over this period, the EBITDA Sij amounted to 20.6 million euros compared to 42.2 million euros registered in the first half of 2024, due to altered business circumstances. 0: 7)
. Despite these counterclaims, Sij Group confirmed that she continues constructive discussions with his banking partners to develop an integrated long-term refinancing solution. The goal is to establish a stable financial platform that provides stable operations even in the conditions of unstable market conditions. . With the new financing, Sij Group emphasized its commitment to fulfilling all contractual obligations, responsible for the management of operations, determining priorities of long -term stability and protection of employees.
