XTRA:SZGMetals and Mining
Salzgitter Restructuring And Green Steel Funding Raise Questions On Valuation
Salzgitter AG has completed a major restructuring that returned its trading business to profitability and exceeded internal cost saving targets.
The company secured additional funding for its SALCOS green steel program, bringing total backing for the project to €1.3b.
Salzgitter AG rejoined the MDAX index, highlighting its renewed relevance for German mid cap investors.
Salzgitter (XTRA:SZG) is entering this phase of change with a share price of €37.28 and a mixed return profile. The stock...