|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||3.0500 - 3.0500|
|52 Week Range||1.2900 - 3.4500|
|Beta (5Y Monthly)||2.09|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 09, 2020|
|1y Target Est||N/A|
Germany's second-largest steelmaker Salzgitter on Thursday started to produce hydrogen using wind power at its Salzgitter site with view to reducing carbon dioxide emissions (CO2) in its production processes long term. "We are now technically in a position to achieve significant CO2 reductions using hydrogen," Chief Executive Heinz Joerg Fuhrmann told a press conference. Germany has started large-scale efforts to develop "green" hydrogen, produced from water by electrolysis using renewable power, to develop alternative fuels and protect key industries from closure when climate protection targets must be met.
German Economy Minister Peter Altmaier said the European Union would support steelworkers through the transition to environmentally-friendly manufacturing, even though this would be more costly at a time of global overcapacity. Speaking before a meeting of EU trade ministers in Berlin on Monday, he said that steelmaking, alongside the chemicals and raw materials industries were among the bloc's core competencies and needed to be preserved. The European Commission has floated the idea of a tax on imports that are produced in an environmentally harmful manner.