Frequently Asked Questions

Operating under the umbrella of a management holding company are five decentralized divisions: Steel, Trading, Tubes, Services and Technology.

The average workforce of Salzgitter Group during the Financial Year 2008 numbered 25,628 employees.

Steel Division:
Hot-rolled wide strip, cold-rolled sheet, electro-galvanized, hot-dip galvanized and organically coated sheet, medium and heavy beams and plate, sheet piling, tailored blanks and structural elements

Trading Division:
Three distribution channels ensure a global presence: stockholding, steel service centers and the international trading

Tubes Division:
Large-diameter pipes respectively for pipelines, medium line pipes, cold-finished tubes, precision tubes and stainless tubes

Services Division:
Maintenance of vital Group know-how, for example in the areas of logistics, telecommunications, data processing, training, mechanical engineering, hydroformed products, as well as engineering services for the prototyping of parts and components

Technology Division:
Filling and packaging lines for the food and non-food industries, injection moulding machines, plants for the direct soling of shoes, machinery for the confectionary industry  

The Steel Division sells predominantly to customers in Germany and Europe.
Tubes, Trading and Technology Divisions serve world markets.

At the Steel Division in particular, the strong euro has the effect of easing the purchase of raw materials priced in dollars, for example ore and coal. On the sales side, a weak euro favors tube manufacturers outside of the euro zone.

Even though orders placed in foreign currencies are hedged throughout the Group, Salzgitter AG cannot entirely escape exchange rate fluctuations.

Salzgitter AG attaches high priority to environmental protection and invests considerable funds each year to this end. In addition, efforts are being made to achieve DIN EN ISO 14001 certification for the environmental management systems in place at all divisions. Actions taken to protect the environment include on the one hand the reduction of emissions and on the other the optimization of materials recycling.

Salzgitter AG regards itself as a specialist in steel and technology. In order to safeguard its capacity to innovate and thereby secure a significant competitive advantage, the Group pursues a two-fold strategy:

Activities at Salzgitter Mannesmann Forschung GmbH are geared to the development of new material grades and qualities, as well as innovative material and product applications. In this way we are not only able to offer our customers an extensive product portfolio, but also provide comprehensive technology consulting.

We are entering both growing and entirely new business areas through our interests in young, technology-driven companies such as Salzgitter Magnesium Technologie GmbH in the field of high-quality flat magnesium products and Salzgitter Automotive Engineering GmbH&Co KG in the field of prototype construction.

These endeavors are paralleled by close cooperative arrangements with universities and non-academic research institutions.

The financial year covered both by the individual financial statements for Salzgitter AG itself and by the consolidated Group financial statements is identical with the calendar year: January 01 to December 31.

With effect from the financial year 99/00, the consolidated Group financial statements were converted from German Commercial Code [HGB] standards to the international financial reporting standards IFRS. The individual statements for Salzgitter AG continue to be prepared in accordance with the German Commercial Code [HGB].

Salzgitter AG procures its raw materials (ore, coking coal, alloys) globally. Virtually all of the iron ore, coking coal and coke supplies as well as the necessary transport capacities have been secured by long term contracts. The Steel Division has its own coking plant and is therefore procuring only marginal quantities of coke from external sources.

The date of the next Annual General Meeting as well as of other events with significance to the financial markets are published in the Financial Calendar.

Shareholders will receive an invitation and agenda in advance of the General Meeting via their depositary banks, with the opportunity either to appoint the bank to exercise their voting rights or request the depositary bank to provide them and/or a representative with a ticket to attend the meeting.

For organizational reasons, the company unfortunately cannot issue invitations directly to shareholders.

The dividend is paid on the next working day following the General Meeting.

No, such delivery is not possible. In accordance with Article 3, No. 3 of our Articles of Incorporation, any entitlement on the part of a shareholder to the certification of shares is excluded.

Salzgitter AG shares are listed in official trading on the stock exchanges in Frankfurt am Main, XETRA, and Hanover, and in OTC trading on other German stock exchanges (Bremen is currently deactivated).

You can purchase Salzgitter shares via your bank. The German Securities Identification Number (WKN) is 620200. The International Securities Identification Number (ISIN) is DE0006202005.

Salzgitter AG is listed in various indices, the most relevant of which as of December 2008 are briefly highlighted as follows:

Deutsche Börse only lists companies in their major share indices, which report according to the Prime Standard publication guildelines. The ranking within an index depends upon the free-float market capitalization and the share turnover. Salzgitter AG satisfies the Prime Standard requirements and is listed among others in the DAX, CDAX, HDAX, and Prime All Share. Furthermore, Salzgitter AG is also listed in the Morgan Stanley Capital International indices MSCI World and MSCI Europe.