SZG Salzgitter AG

DGAP-News: Salzgitter Aktiengesellschaft: Salzgitter AG expands product range to include green strip steel

DGAP-News: Salzgitter Aktiengesellschaft / Key word(s): Product Launch
Salzgitter Aktiengesellschaft: Salzgitter AG expands product range to include green strip steel

18.08.2020 / 10:01
The issuer is solely responsible for the content of this announcement.



Before the end of this year 2020, Salzgitter AG will be able to offer its customers a range of green strip steel products in specified grades and dimensions. The company is moving promptly to take account of the vibrant interest being expressed in these materials. These products will feature a CO2 footprint less than a quarter that of previous steels. In order to enable production, one of the two continuous casting lines at the Peine steelworks will be fitted out to cast slabs.

As Executive Board Chairman Professor Heinz Jörg Fuhrmann commented: "For self-evident technological reasons, high-quality strip steel products fall within the domain of integrated steelworks. Our pioneering SALCOS project is aiming to move step by step towards low-CO2 hydrogen-based metallurgy. In a few months' time, we will be marking another milestone on this journey with the arrival of the first green strip steel. For a large number of our customers, it is important to take delivery of a real, physical reduced-CO2 product, rather than being satisfied with more or less theoretical projections of receiving products with reduced CO2 footprints. We are delighted to be able to meet these demands within a short period of time."

 

Contact:
Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone 5
Fax 0
E-Mail


18.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: Salzgitter Aktiengesellschaft
Eisenhüttenstraße 99
38239 Salzgitter
Germany
Phone:
Fax: 7
E-mail:
Internet: -ag.de
ISIN: DE0006202005
WKN: 620200
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1119775

 
End of News DGAP News Service

1119775  18.08.2020 

fncls.ssp?fn=show_t_gif&application_id=1119775&application_name=news&site_id=research_pool
EN
18/08/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Salzgitter AG

Emna Ben Bdira ... (+2)
  • Emna Ben Bdira
  • Maxime Kogge

Salzgitter : Higher results still hypothetical and higher capex weighi...

>Higher 2024 results still hypothetical - Salzgitter had a decent 2023 year with EBITDA coming at € 677m in the middle of the € 650-700m guidance, although this had been revised down vs the initial € 750-850m due to the fraud suffered by Aurubis and the weaker European steel market. Q4 was especially difficult with EBITDA down 12% q-o-q to € 101m, its lowest since Covid due to the margin squeeze from lower prices and higher raw materials as well as the cost of restar...

Emna Ben Bdira ... (+2)
  • Emna Ben Bdira
  • Maxime Kogge

Salzgitter : L’amélioration des résultats reste encore hypothétique et...

>Perspectives d’amélioration 2024 encore hypothétiques - Salzgitter a réalisé une année 2023 en demi-teinte avec un EBITDA de 677 M€ dans le milieu de la guidance de 650-700 M€ mais celle-ci avait été révisée en baisse vs 750-850 M€ initialement prévus en raison de la fraude subie par Aurubis et de la dégradation du marché européen de l’acier. Le T4 a été particulièrement difficile avec un EBITDA en baisse de 12% q-o-q à 101 M€, au plus bas depuis le COVID à cause du...

Anthony Dick ... (+4)
  • Anthony Dick
  • Joan Sehim
  • Michael Foundoukidis
  • Thomas Zlowodzki

ODDO BHF Small & MIDCAP MORNING NEWS - 03/15/2024

After a terrible start to the year with the fall in gas prices and interest rate pressures, utilities have staged a slight recovery since the second half of February thanks to an uptick in electricity prices and slight decline in long rates. The most recent US macro figures support our scenario of higher long rates in the coming months, stymieing a sector recovery. A recovery will have to wait for a hypothetical collapse in consumer spending in Europe and the first policy rate cuts by...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch