Salzgitter AG
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Gunnar Groebler
- Full Time Employees
- 23,868
- Sector
- Basic Materials
- Industry
- Steel
- Address
- Eisenhüttenstrasse 99 Salzgitter Germany 38239
- IPO Date
- Oct 27, 2009
- Website
- salzgitter-ag.com
- Similar Companies
- Business
- Salzgitter AG, headquartered in Salzgitter, Germany, and founded in 1858, ranks among Europe's largest steel producers with an annual crude steel capacity exceeding seven million tons; the company operates through Steel Production, Steel Processing, Trading, and Technology divisions, alongside industrial holdings such as a 30% stake in Aurubis AG. Core products encompass hot-rolled wide strips, slit strips, cut-to-length strips, cold-rolled strips, surface-finished products, heavy plates, sections, beams, seamless and welded tubes including precision and line pipes, as well as specialist machinery like filling and packaging systems from KHS Group and injection molding equipment from Klöckner DESMA Elastomertechnik; processed steel serves automotive, construction, wind energy, and infrastructure sectors, with global trading and over 150 subsidiaries across 35 countries spanning Europe, Americas, Asia, and Africa. The Salzgitter Group pursues the SALCOS® program for low-CO2 steelmaking, involving a €2.3 billion investment in direct reduction plants, electric arc furnaces, and electrolysis supported by €1 billion in public funding from Germany and Lower Saxony, targeting market-ready green steel by mid-2027 and full low-carbon transition by 2033 ahead of prior schedules; recent portfolio optimizations include the 2024 sale of Mannesmann Stainless Tubes Group and Austrian Stahlhandel unit to ECCO Group in May 2025, alongside termination of takeover discussions with a GP Günter Papenburg-TSR Recycling consortium in April 2025, and heightened efficiency targets under the P28 program aiming for €500 million in annual savings by 2028.
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