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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 CET
Machnig attends a meeting with Chinese counterparts in Beijing

BERLIN (Reuters) - 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 2018 9 072 M
EBIT 2018 324 M
Net income 2018 186 M
Debt 2018 799 M
Yield 2018 1,11%
P/E ratio 2018 13,64
P/E ratio 2019 12,54
EV / Sales 2018 0,40x
EV / Sales 2019 0,44x
Capitalization 2 805 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 46,6 €
Spread / Average Target -0,14%
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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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