Swiss Steel Group has denied rumors of insolvency and stated that it is in regular contact with its lenders.
Despite a recent capital increase, the company reported a significant operating loss for the first half of the year.
The anticipated recovery may be delayed until next year as Swiss Steel implements a restructuring strategy to achieve cost savings.
The company's financial health is being closely monitored by the market, and there are discussions about the need for further financial support.
Swiss Steel remains committed to its restructuring efforts, but the poor performance of the German automotive industry continues to impact its operations.
The company is facing internal and external pressures and is working to stabilize its operations and regain investor confidence.