German steelmaker Salzgitter has announced that it has raised its earnings guidance for the current year following the good start to the financial year with a profit before taxes of €77.1 million in the first three months of this year and in the light of the effects anticipated from measures and growth programs.
Accordingly, subject to the stable development of the market, Salzgitter expects a pre-tax profit in the range of €125-175 million for the current year, compared to the former guidance of a pre-tax profit of around €100-150 million.