Outlook

Besides the macroeconomic environment, the outlook for our business will be particularly influenced by developments in the relevant market segments for special long steel and in our key end user markets. External factors and internal measures designed to optimize the Group’s performance will define our outlook. Importantly, the way in which the COVID-19 pandemic progresses and the state development programs associated with, this will dictate how markets actually perform. These factors can change drastically and at very short notice. Expectations are therefore highly uncertain.