Salzgitter reports loss in Q1 on back of sharp economic downturn

May 15, 2012 | 11:45 AM |

German steelmaker Salzgitter reported a significant loss in its first quarter pre-tax earnings for 2012, after a sharp downturn in the market forced it to make temporary closures at some of its operations, the company said in its financial report on Tuesday May 15. First-quarter earnings before interest, taxes, depreciation, and amortisation (Ebitda) were €88.9 million ($114.4 million), down from €162.7 million in the same....

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