Germany-based long steel producer Saarstahl has announced its financial and operational results for 2015, reporting an EBITDA of €138 million, compared to an EBITDA of €223 million in the previous year.
In 2015, the company's turnover decreased by 8.5 percent year on year to €2.16 billion. Saarstahl stated that Germany continues to be its most important sales market before the EU and third party countries (NAFTA, Asia and the rest of the world). In the given year, the company produced 2.78 million mt of crude steel, up 1.9 percent, while its sales volume decreased from 2.36 million mt to 2.33 million mt, both year on year.
According to Saarstahl's statement, it expects a turnover for 2016 at the level of the previous year and a balanced result. This is based on the assumption that there is a continuation of strict cost management and further efforts to increase earning power. Current investments as well as investments that have already been made are targeted at further optimizing processes and the quality of products as well as further improving service for customers.