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2026-08-04 09:14 UTC → 2026-08-11 06:15 UTC ·
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Salzgitter raises 2026 outlook after advances HKM takeover decarbonization and reports H1 2026
In early Following its July 2026 Salzgitter AG completed the purchase of the remaining shares acquisition of Hüttenwerke Krupp Mannesmann (HKM), buying out thyssenkrupp Steel’s 50 % stake and Vallourec’s 20 % share, becoming sole owner of Salzgitter AG has moved forward with its decarbonization strategy at the historic Duisburg site. The company announced a full‑year outlook lift: revenue is now expected at roughly €10 billion and EBITDA at €725‑€825 million, with pre‑tax profit projected at €325‑€425 million. First‑half provisional results showed €4.6 billion in revenue, EBITDA of €459 million and a positive pre‑tax profit of €258 million, boosted by a €193 million contribution from Salzgitter’s Aurubis stake. The share price rose about 5 % on the news. Salzgitter will replace the two coal‑fired blast furnaces at has ordered the Duisburg plant with construction of Germany’s largest electric‑arc electric arc furnace (EAF), a 285‑tonne (EAF) from engineering firm Tenova. The 285-tonne unit supplied by Tenova with will feature continuous scrap feeding via Consteel technology and an electromagnetic stirring developed system co-developed with ABB. The furnace will have a crude‑steel capacity of Designed to produce up to 2.5 million tonnes per year and of crude steel annually—with a target about of 2 million tonnes of low‑carbon steel, with commissioning planned for 2029. Roughly low-carbon steel—the furnace is central to supplying green steel to automotive and appliance manufacturers. The project, supported by approximately €200 million in federal and state climate‑action subsidies will support the project, which will use scrap and direct‑reduced iron and recirculate waste heat. The restructuring foresees cutting the Duisburg workforce climate-action subsidies, is scheduled for commissioning in 2029. On 10 August 2026, Salzgitter reported its half-year results, showing a pre-tax profit of €76.3 million. This marks a recovery from around 3,000 to 1,000 by the end €83.8 million loss recorded in the first half of 2028, eliminating roughly 2,000 jobs. German steel output rose 9 % 2025. The performance was driven by improved results in H1 2026 to 18.6 steel production, trading, and technology units, as well as a €97 million tonnes, but total 2026 production remains below contribution from the 40 million‑tonne level needed for healthy capacity utilisation. Industry bodies point to weak demand in construction, machinery P28 profit improvement program and automotive, while new EU anti‑dumping duties on Asian steel imports are expected high earnings from its stake in Aurubis AG. However, external sales saw a marginal decrease to support the market. The impact of €4.6 billion, compared to €4.7 billion the acquisition on Salzgitter’s outlook will be detailed previous year, as geopolitical uncertainties in the half‑year results scheduled for 11 August 2026. Middle East impacted steel-related activities.