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4-Traders Homepage  >  Equities  >  Xetra  >  Salzgitter AG    SZG   DE0006202005

SALZGITTER AG (SZG)
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Salzgitter : Steel producing nations to discuss overcapacity in Berlin in November

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10/06/2017 | 12:26pm CEST
Machnig attends a meeting with Chinese counterparts in Beijing

Germany is inviting ministers and senior officials from leading steel producing countries to a meeting in Berlin on Nov. 30 to discuss overcapacity in the sector, the economy ministry said on Friday.

"We want to discuss together how we can prevent overcapacity on the global market and guarantee fair competition," Matthias Machnig, state secretary in the Economy Ministry, told business magazine WirtschaftsWoche.

Officials from countries belonging to the Organisation for Economic Cooperation and Development (OECD) are expected to join the meeting, the magazine reported. Members of the OECD steel committee would take part, it said.

"Our goal is to avoid new punitive tariffs for our businesses," Machnig said.

(Reporting by Gernot Heller; writing by Paul Carrel; editing by Victoria Bryan and Jason Neely)

Stocks treated in this article : Salzgitter AG, ThyssenKrupp
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Financials (€)
Sales 2017 9 020 M
EBIT 2017 281 M
Net income 2017 149 M
Debt 2017 687 M
Yield 2017 0,94%
P/E ratio 2017 15,20
P/E ratio 2018 13,71
EV / Sales 2017 0,35x
EV / Sales 2018 0,36x
Capitalization 2 506 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 39,6 €
Spread / Average Target -5,1%
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Managers
NameTitle
Heinz Jörg Fuhrmann Chairman-Executive Board & Chief Executive Officer
Heinz-Gerhard Wente Chairman-Supervisory Board
Burkhard Becker Chief Financial Officer
Heike Niederau-Buck Chief Information Officer
Hannes Rehm Member-Supervisory Board
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