Germany-based steelmaker Salzgitter Group has issued the key figures of its financial results for the first half of the current year.
According to the financial results, Salzgitter Group registered a net loss of €22.5 million in the first half of 2012, compared to a net profit of €93.7 million in the first half of the previous year. In the given period, external sales revenues of Salzgitter increased by 12.6 percent year on year to €5.37 billion.
According to Salzgitter's statement, the changed exchange rate of the euro against the US dollar allowed rolled steel exports to countries outside the European Union. Shipment volumes were 10 percent above the shipment volumes achieved in the same period last year. As a result, the external sales of Salzgitter's steel division increased to €1.40 billion, up three percent year on year.