Statement from Frank Koch, Chairman of Georgsmarienhütte Holding GmbH's general management: Statement from Frank Koch, Chairman of Georgsmarienhütte Holding GmbH's general management:

Siegfried Drueker has resigned from the Supervisory Board Siegfried Drueker has resigned from the Supervisory Board of Georgsmarienhütte Holding GmbH and Georgsmarienhütte GmbH with effect from 31 December 2019. The shareholders thank Mr Drueker for his many years of commitment and successful collaboration.

Georgsmarienhütte expects impulse from climate protection – and is well positioned for it. If there is one steelmaking corporation in Germany that has reinvented itself from the bottom up, it is 164-year-old Georsmarienhütte, located not far from the city of Osnabrück. Here, the blast furnace long ago disappeared, replaced in 1994 by a giant DC electric arc furnace.

The consequences of the worldwide coronavirus pandemic also affect GMH Gruppe. The health of our employees is our absolute priority, and our task is to protect them.

The future needs steel Messe Düsseldorf has announced the new dates for the wire 2020 trade fair. It will now take place from 7 to 11 December 2020. As not all members of our sales team will be available around the newly scheduled dates, we will be making intensive use of new digital channels to enter into technical dialogue with our customers during the trade fair. So - be prepared for lots of fascinating and useful new information.

We have a clear goal, and we know how to achieve it. Our steel production is set to be climate-neutral by 2039. As an interim step, we want to halve our emissions by 2030. With our key technology of electric steel making and optimized processes, this is realistically feasible. It is not without reason that we have been one of the pioneers in the decarbonisation of the steel industry for over 25 years. On this basis, our steel production will be climate-neutral by 2039, and we will make a...

We continuously further develop what is the most sustainable technology for the steel industry. For more than 25 years, we have been producing steel at our site in Georgsmarienhütte in the most sustainable way there is: in an electric arc furnace. As a result, we save over one million tonnes of CO2 every year and are now just as much a pioneer in the industry as we were in 1994.

Scrap recycling, steel production, and further processing of the steel at one site facilitate closed cycles that help the environment. Scrap is the foundation for our excellent products. We use 100% scrap metal in the electric arc furnace to make steel to order – the German industry average is a scrap rate of 44%. We also think in terms of optimised product and energy cycles and are constantly improving them – from the efficient reuse of by-products such as waste heat and slag, to logistics.

Climate-friendly logistics at our Georgsmarienhütte site, as well as new materials, save emissions by the tonnes. Recycling, meltshop, bright steel production and CNC components in one place – our Georgsmarienhütte site is one example of how intelligent logistics can make steel significantly greener. All the more when new materials arise on short routes that can help save on additional emissions in lightweight construction or further processing.

Closed cycle Scrap is the basis of GMH Gruppe’s steel production: Our steel is melted from 100% scrap. This makes our raw material recycling the pivotal point of our sustainable circular economy – not only at the individual location, but also across locations within GMH Gruppe, as the example of Mannstaedt shows.