Luxemburg -  Lakshmi N. Mittal: 2019 was a very tough year, clearly reflected in our significantly reduced profitability.

Helsinki - In 2019, business area Long Products’ net sales amounted to EUR 642 million and adjusted EBITDA was EUR -7 million.

Berlin – As of the 1st of January 2020, Jörg Hackmann and Harald Henning have been appointed new Directors at PSI Metals. Together with Thomas Quinet, Managing Director since 2017, the new Strategy Committee will focus on accelerating the transformation of PSImetals.

Frankfurt / Main – Overall, 2019 was a disappointing year for mechanical engineering companies in Germany. Compared to the previous year, the order books for 2019 as a whole show a real decline of 9 percent.

Frankfurt - Concerns among market participants that the corona virus stifles economic activity in China.