Slovenian steel company Slovenian Steel Group (Sij Group) announced that its key subsidiaries, Sij Acroni and Sij Metal Ravne, received an additional financing package of € 25 million from leading banks, including NLB D.D., UNICREDITIT BANKA Slovenija D.D., OTP Banka D.D. And Sid Bank. The agreement is aimed at strengthening the financial stability of the group against the backdrop of growing problems in the European steel sector.
market pressure from imports, tariffs and energy costs
In the first half of this year, the Sij group recorded a clean loss of € 23.8 million, while sales revenues decreased by 11.0% to € 518 million, as in the annual calculus. In addition, for the first polesfor months the company produced 248 100 tons of steel, reducing six percent.
in the indicated period of the EBITDA group Sij amounted to € 20.6 million compared to € 42.2 million, recorded in the first half of 2024, due to the changed conditions Business.
Negotiations on a long-term strategy and refinancing
with new financing, the Sij group emphasized its commitment to the fulfillment of all contractual obligations, responsible management of long-term sustainability and protecting social security employees.
