Salzgitter AG (SZG.DE)
Salzgitter AG operates in the Steel industry of the Basic Materials sector, headquartered in Salzgitter, NI, DE. The stock last traded at $50.55, down 2.13% on the session, giving a market capitalisation of $2.73B. Its beta of 2.19 implies it has historically moved more than the broad market.
Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. The company operates through four segments: Steel Production, Steel Processing, Trading, and Technology. Its Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading. The Steel Processing segment produces various high-grade heavy plate products; and manufactures line pipes, HFI-welded tubes, and precision tubes. Its Trading segment operates a European sales network, as well as trading companies and agencies worldwide. The Technology segment engages in the provision of machinery and plants for the filling and packaging of beverages, as well as special machinery engineering for elastomer production. It also provides IT, facility management, logistics, automotive engineering, and research and development services, as well as supplies raw materials. The company was founded in 1858 and is headquartered in Salzgitter, Germany.
Salzgitter AG is most often compared with the following Basic Materials names: