It was the clubs first title since 1942 and also its last, as of 2012. It was won in impressive fashion, Schalke winning all its four finals games, scoring 19 goals and conceding only one; a reminder of how the club dominated German football in the 1930s and early 40's. On the strength of this title, Schalke participated in the 1958–59 European Cup, where it was knocked out in the quarter finals by Atlético Madrid.
For Hamburg, it was the second lost final in a row, having lost 4-1 in 1957 to Borussia Dortmund and having to wait another two seasons for its first title since 1928.
The format used to determine the German champion was the same as in the 1957 season. Nine clubs qualified for the tournament, with the runners-up of West and Southwest having to play a qualification match. The remaining eight clubs then played a single round in two groups of four, with the two group winners entering the final.