Germany-based steelmaker Salzgitter Group recorded a 7.5% year-on-year decline in crude steel production in the first quarter of 2025. The company produced **1.55 million metric tons** of crude steel during the period, down from **1.68 million metric tons** in Q1 2024.
The decrease was attributed to weak demand, lower trading volumes, and geopolitical uncertainties affecting the European steel market. Despite the production drop, Salzgitter reaffirmed its fiscal 2025 outlook, expecting annual sales revenue between **€9.5 billion and €10.5 billion** and EBITDA ranging from **€350 million to €550 million.
