Salzgitter AG, the second biggest steelmaker in Germany, has announced that in the first quarter this year its consolidated external sales revenue reached €2.614 billion, up 13.31 percent year on year.
In spite of the increased sales revenue, Salzgitter recorded a net loss of €15.5 million in the first quarter of the current year, compared to a net profit of €44 million in Q1 2011. When the same periods are compared, EBITDA decreased from €162.7 million to €88.9 million.
Salzgitter's crude steel output in the first quarter this year amounted to 1.916 million mt, up 5.43 percent year on year.