The company SIJ - Slovenska industrija jekla, d.d. hereby publishes the reply in response to recent media coverage, that the SIJ Group (the “Group”) has consulted with its main bank lenders (“Banks”).
The Group can confirm for the record that constructive discussions have been ongoing between the Group and the Banks for several months towards achieving a long-term refinancing solution for the Group (the “Refinancing Solution”) in the light of the current challenging market conditions. Good progress is being made, including on discussions regarding the potential provision by certain Banks of additional liquidity to support the Group’s operations.
The Refinancing Solution seeks to provide a stable long-term financial platform for the Group. Common with other European Steel producers, there are broader challenges faced by the European steel industry in the form of excess steel imports from Asia, geopolitical issues (in particular, the US tariffs) and high energy prices.
In the meantime, the Group can confirm that it is fulfilling its obligations under its current contractual arrangements with the Banks, which arrangements are in line with common market practice and applicable legislation.
The Group reiterate our commitment to responsible management, long-term business sustainability and safeguarding the social security of our employees and will continue to work constructively with the Banks towards finalising and successfully closing the Refinancing Solution, to the benefit of all stakeholders.
The published information will also be available online at www.sij.si for a period of no less than 5 years.
August 6, 2025
The Management Board of SIJ d.d.
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