Salzgitter AG to Remain Independent Amid Transformation Plans

Salzgitter AG has decided to stay independent, ceasing talks with GP Günter Papenburg AG and TSR Recycling GmbH & Co. KG over a potential takeover. Differences in assessing the company's current and future value prompted this decision. CEO Gunnar Groebler highlighted the company's commitment to its self-driven transformation and technological prowess.

The company has expanded its performance program, P28, aiming for €500 million in savings. With positive expectations from Germany's upcoming economic policies, Salzgitter anticipates benefits in climate protection, infrastructure, and defense sectors. The company continues aligning with stakeholders, focusing on hydrogen-based steel production through SALCOS®, targeting near carbon-free output by 2033.

Alongside cost reduction efforts, Salzgitter AG remains well-positioned in the defense and infrastructure domains. Portfolio adjustments, such as the recent sale of Mannesmann Stainless Tubes Group, reflect ongoing strategic evaluations to enhance the company's competitive stance and long-term value generation.