Salzgitter soars after Germany clears military use of steel product

(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)

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