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Salzgitter AG (SZGG.DE)

SZGG.DE on Xetra

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Wed, Sep 9 2020

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Salzgitter CEO rejects idea of steel alliance with Thyssenkrupp

HAMBURG Germany's second-largest steelmaker Salzgitter is not interested in an alliance with rival Thyssenkrupp, Chief Executive Heinz Joerg Fuhrmann told Reuters.

Salzgitter CEO sees no immediate need for M&A

FRANKFURT Germany's second-largest steelmaker Salzgitter sees no benefit from consolidation for now, Chief Executive Heinz Joerg Fuhrmann told shareholders on Wednesday, in a rebuff to its major rival Thyssenkrupp .

Salzgitter CEO sees no merit in sector consolidation for time being

FRANKFURT Germany's second-largest steelmaker Salzgitter would not stand to benefit from consolidation efforts, Chief Executive Heinz Joerg Fuhrmann told shareholders on Wednesday.

Salzgitter: No negotiations with Thyssenkrupp on steel

DUESSELDORF/FRANKFURT, Germany Germany's second-largest steelmaker Salzgitter on Wednesday said it was not in talks with larger rival Thyssenkrupp about consolidation, pouring cold water on hopes for the creation of a national metals giant.

UPDATE 1-Salzgitter: No negotiations with Thyssenkrupp on steel

* No labour support for majority sale - Nasikkol (Adds comments by labour representative)

German steelmaker Salzgitter reduces output

LONDON, April 1 Germany's second-largest steelmaker Salzgitter has reduced production at two of its blast furnaces and could cut output further, it said on Wednesday, citing reduced demand because of the coronavirus pandemic.

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