Salzgitter soars after Germany clears military use of steel product
Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
Salzgitter's stock surged 23% after Germany approved its Secure 500 steel for military use, boosting the SDAX index to a record high.
(Reuters) -Shares in Salzgitter rose more than 23% in Frankfurt on Tuesday after Germany approved for military use the company's Secure 500 steel product.
Their surge helped the German small-cap SDAX index hit a fresh record high, up 1.2% and outperforming the blue chip DAX index.
(Reporting by Danilo Masoni, editing by Samuel Indyk)
Shares in Salzgitter rose more than 23% in Frankfurt on Tuesday.
Germany approved the company's Secure 500 steel product for military use.
The surge in Salzgitter shares helped the German small-cap SDAX index hit a fresh record high, up 1.2%.
The SDAX index outperformed the blue chip DAX index following Salzgitter's stock rise.
The article was reported by Danilo Masoni, with editing by Samuel Indyk.
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