German steel manufacturer Salzgitter on Monday reported major losses over the first three quarters of the year. Amid a tough market environment, net losses over the first nine months of 2024 amounted ...

The steel company said GP Guenter Papenburg AG is eyeing a potential takeover together with TSR Recycling GmbH.

Salzgitter is also the largest shareholder in German copper producer Aurubis AG ... leaving the core steel business for free,” analysts at Citigroup Inc. said in an emailed note.

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This article explores the challenges facing the European steel industry, including falling demand, high interest rates, and competition from Chinese electric vehicle imports.

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Salzgitter is also the largest shareholder in German copper producer Aurubis AG, with a 30% stake. “Our calculations suggest that at the current market price, the value of its stake in Aurubis is ...