Despite the unstable economic situation, revising the forecast would be premature at present, the company said in a statement. "At the same time, we are currently anticipating a result more in the upper end of the range."
For the first quarter, Salzgitter reported a pretax profit of 125.9 million euros, up from 95.9 million a year ago.
Shares rose as much as 4.4 percent and were up 2 percent at 1358 GMT.
(Reporting by Thomas Seythal; editing by Tassilo Hummel)