SALZGITTER (dpa-AFX) - Salzgitter AG (SZGPF.PK) raised its earnings forecast for the financial year 2021 citing the better-than-recently-expected earnings situation, above all in the trading business unit.
The company now anticipates a pre-tax profit to be between 400 million euros and 600 million euros compared to the prior outlook of 300 million euros - 400 million euros.
After an encouraging start to the year, accompanied by a dynamic increase in rolled steel prices, the European steel market continued its uptrend in the months that followed, the company said in a statement.
Copyright RTT News/dpa-AFX
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