Steel crisis 2024: Salzgitter AG warns warning - what comes now!

Steel crisis 2024: Salzgitter AG warns warning - what comes now!

The steel industry in Germany is facing a huge change! Salzgitter AG, an important player in this sector, has drastically corrected its sales forecast for 2024 downwards. The group reports a shocking profit warning that reflects the alarming difficulties with which the entire industry is confronted. High energy prices and weak demand increase the pressure on steel producers and throw dark shadows on the business figures.

In particular, Gunnar Groebler, CEO of Salzgitter AG, warned about the huge challenges of this year months ago. Despite the serious location, Groebler remains determined to promote the urgently needed conversion to the climate -friendly steel production. "In my opinion, no way is going to lead to the transformation," he emphasized to the Editorial Network Germany (RND), while he also demands better framework conditions for electricity suppliers and competitive hydrogen prices from the Federal Government. Here are the signs on storm, since competitors such as Thyssenkrupp also express similar concerns!

sales forecast and countermeasures

The concern about the future development of Salzgitter AG is not unfounded. A saving program announced a few months ago reflects the urgency with which the company reacts to the intensifying Situation. The steel industry fights with your back to the wall and the air becomes thinner! The forecasts are now so bleak that experts have to look closely so as not to lose track of the dangers and opportunities that lie ahead.

This is a critical time for the entire industry - will Salzgitter create the turn or is the company facing an unstoppable decline? The coming months will be decisive for the future of the company and the entire steel industry in Germany.