52 Week Range
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Salzgitter Awards Contract To Siemens Gas And Power
Salzgitter 9-month Pre-Tax Profit Down At EUR 40.7 Million
Salzgitter 9-Month Pre-Tax Profit At EUR 40.7 Mln
Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions. The Plate/Section Steel segment includes Ilsenburger Grobblech GmbH, Salzgitter Mannesmann Grobblech, Peiner Traeger GmbH and HSP Hoesch Spundwand und Profil GmbH and provides various pig iron, steel and steel products. The Mannesmann segment provides steel tubes and pipes and operates through Mannesmannroehren-Werke GmbH. The Trading segment is engaged in trading steel products through Salzgitter Mannesmann Handel GmbH and Universal Eisen und Stahl GmbH. The Technology segment provides products and services for manufacturers of machinery and plants for the filling and packaging of beverages.
Iron & Steel
Independent Chairman of the Supervisory Board
Heinz Joerg Fuhrmann
Chairman of the Executive Board, Chief Executive Officer, Member of the Group Management Board
Vice Chairman of the Supervisory Board
Chief Financial Officer, Member of the Group Management Board and Executive Board
Member of the Group Management Board, and Executive Board, Personnel and Services Division
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Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper.
Germany's second-largest steelmaker Salzgitter said on Monday it is expecting a 2019 pretax profit in the upper end of its 125 million to 175 million euros guidance (£107 million to £151 million), sending shares higher.
Salzgitter's chief executive will look at any assets that Thyssenkrupp and India's Tata Steel could divest as part of anti-trust remedies being offered to help their planned joint venture deal, he said on Monday.
Salzgitter on Tuesday said its pre-tax profit could fall by nearly two thirds this year, pointing to cooling demand for steel amid increasing signs of a global economic slowdown.
Volkswagen will manufacture electric car batteries and charging stations in its home region in Germany, as it prepares to mass produce electric vehicles and overhaul its components division, which makes engines and steering parts.
Salzgitter <SZGG.DE>, Germany's second-largest steelmaker, says tariffs slapped on steel imports by the U.S. government will have a limited impact on its business.
German steelmaker Salzgitter <SZGG.DE> will build a third hot-dip galvanising line to strengthen its position in the market for premium steel used in the car industry, it said on Friday.
German steelmaker Salzgitter will build a third hot-dip galvanising line to strengthen its position in premium steel for the automotive industry, it said on Friday.
* Thyssenkrupp, Kloeckner say were not searched (Adds ArcelorMittal, German steel federation)
German steelmaker Salzgitter is not planning to close factories in the United States, where it is suffering from import duties that were slapped on some of its products, the group's chief executive told a German newspaper.
Juergen Grossmann, owner of German steel firm Georgsmarienhuette (GMH) and a former CEO of utility RWE <RWEG.DE>, has distanced himself from a report saying his group could play a key role in the country's steel sector consolidation, a spokeswoman said.
Volkswagen <VOWG_p.DE> has signed a deal to supply engines to GAZ group <GAZA.MM>, securing jobs at its Salzgitter engine plant and adding to further projects in Russia announced on Thursday.
President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent.
Any new U.S. tariffs on steel imports will not leave a "trail of blood" in the financial results of German steelmaker Salzgitter, its chief executive told German business weekly WirtschaftsWoche in comments published on Thursday.
German steelmaker Salzgitter <SZGG.DE> sees a further rise in profit this year as steel prices rise and restructuring measures continue to bear fruit, its chief executive told German markets daily Boersen-Zeitung in an interview.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.