FRANKFURT (dpa-AFX) - Steel stocks are in demand on Friday morning, especially German ones. While shares in industry giant ArcelorMittal are comparatively unremarkable, up less than one percent, Thyssenkrupp and Salzgitter are rising significantly. The latter is up almost 6 percent to its highest level since March 2023 and approaching the 40 euro mark.
Analyst Ephrem Ravi of Citigroup joined the experts celebrating the new EU protectionism for the steel industry on Friday morning. According to Raivi, the protective measures against imports are the decisive driving force for 2026. He already recommended Thyssenkrupp, Arcelor, Acerinox, and SSAB as buys and has now raised most of his price targets. Although he rates Salzgitter as "neutral," he raised the price target significantly to €38.
The JPMorgan industry expert recently even spoke of a European "steel renaissance."/ag/jha/
