The German steel group Salzgitter AG announced a revision of its annual forecast, in accordance with the preliminary results of its activities in January - September 2012.
Salzgitter AG announced a registered loss before tax in the amount of 43 million euros for the first nine months from the beginning of this year against 169 million euros of profit last year. Donalogical loss in the third quarter amounted to 25 million euros due to unsatisfactory results of the steel division of the group.
"As a result of steel that was not held in the second half of 2012, the company was unable to realize the strategy for raising selling prices that are extremely necessary in the conditions of the rise in the cost of raw materials and energy," the company said.
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German Salzgitter AG is preparing for losses
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Azovpromstal® 6 November 2012 г. 00:01 |
