Industry News

German steelmaker Salzgitter sees Q3 headwinds from auto customers, but margins rise

Update time : 2021-11-15 21:04:19

German steelmaker Salzgitter has benefitted from higher steel price margins, but its third-quarter order intake was hampered by lower buying activity in flat steel, the company said Nov. 12.
Supply chain disruptions due to the semiconductor shortage in the auto industry also had direct repercussions since the end of the summer quarter on the books, it said.

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