Pause operations: company temporarily curtailing operations while keeping return options open

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Salzgitter AG is a German company, one of the largest steel producers in Europe with an annual output of around seven million tonnes.

 
 
 
 
 

Pause operations: company temporarily curtailing operations while keeping return options open

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Glob.Revenue, mln.USD
11677

As Burkhard Becker, Salzgitter AG’s Chief Financial Officer, states: “No matter how pleased we are by the outstanding result, we are in no doubt about the risks resulting from Russia’s attack on Ukraine."

The Company Statement
March 11, 2024

Continued relations with Russia but a positive pattern is observed: reduction of exports and most of the remaining exports are indirect. Stated in the Annual Report 2023 that reduced all operations and restructured the subsidiary in the Russian Federation.

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Statements Archive
September 30, 2023Quarterly Statement 9M 2023 | Salzgitter AG
June 08, 2023Selected Steel Exports into Russia
August 11, 2022First half of 2022 | Salzgitter AG
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