Press archive 2008

In an environment characterized by growing uncertainty about future economic developments, the Salzgitter Group set a new pre-tax record result in the first three quarters of the financial year thanks to the high volume of orders placed for rolled steel and tubes in the reporting period.

Salzgitter AG showcases steel and technology

This year’s motto at the EuroBlech trade fair in Hanover is “Quality, Flexibility, Productivity.“ The event will take place from October 21 to 25, 2008, and has attracted more than 1,300 exhibitors from more than 30 countries worldwide - including Salzgitter AG with 10 Group companies.

The Salzgitter AG has reached a significant shareholding in Norddeutsche Affinerie with now 20.0 %.

The Salzgitter AG has used the present conditions of the capital markets to raise its shareholding in Norddeutsche Affinerie to 17.6 %.

Against the backdrop of the huge cost increases for raw materials and energy as well as slowing global economic growth, the Salzgitter Group achieved excellent results in the first half of the financial year 2008 owing to the persistently high, stable demand for rolled steel and tube products.

Salzgitter AG has acquired a 5.0 % stake of Norddeutsche Affinerie AG from the Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement GmbH (HGV) being the holding company for shareholdings of the City of Hamburg. With this step Salzgitter has increased its shareholding in Norddeutsche Affinerie to 10.8 %.

Salzgitter AG and Norddeutsche Affinerie AG have agreed to investigate medium to long-term opportunities to cooperate for the benefit of both companies.

In the first quarter of 2008, the Salzgitter Group benefited from the marked upswing in demand in the European steel market, the expansion of business activities in the precision tubes segment, as well as from the contribution of the new Technology Division.

Presentation for Salzgitter Flachstahl GmbH customers and partners

Salzgitter Flachstahl GmbH presented its new hot strip cut-to-length line to its customers and partners on Monday, April 21, 2008. After the welcoming words by Technical Director Ulrich Grethe, the new facilities were officially commissioned.