Salzgitter Chief Executive Wolfgang Leese on Tuesday cautioned against premature optimism in the steel sector, warning that markets were fragile and that a recovery in demand is unlikely to be sustained.
If things go well, demand will continue to be flat, Leese said on the sidelines of an event in Garbsen, near Hanover, Germany.
Signs of recovery over the past weeks are unlikely to be sustained, he cautioned.
The slump in demand - particularly from important industries such as automotive and engineering -- has hit Salzgitter and other steel makers.
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