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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

steelmaker

Salzgitter says steel demand, sentiment, has improved markedly
Markets

Salzgitter says steel demand, sentiment, has improved markedly

  • "Sentiment has improved considerably," Heinz Joerg Fuhrmann, who will step down at the end of June after 10 years at the helm, told journalists late on Tuesday. "Demand has stabilised significantly."
  • Salzgitter, which competes with larger peer Thyssenkrupp in Germany, recently raised its outlook for 2021 and expects pre-tax profit of 150 million to 200 million euros ($182-$243 million).
Published 24 Feb, 2021 08:15pm
Nippon Steel to shut Kashima blast furnace, Nikkei reports
Business & Finance

Nippon Steel to shut Kashima blast furnace, Nikkei reports

  • Along with other planned shutdowns, Nippon Steel's domestic production capacity will fall by about 20% when the Kashima furnace is shut, the Nikkei said.
  • The world's third-largest steelmaker said in February last year that it would permanently shut nearly 10% of its production capacity because of falling demand at home and competition from China.
Published 18 Feb, 2021 07:07pm