FRANKFURT (dpa-AFX) - Steel stocks, which had recently recovered somewhat, came under pressure again on Friday morning. Salzgitter shares again approached their recent low since 2020 and Thyssenkrupp gave up their previous day's gains with minus 2 percent. Only ArcelorMittal held up relatively well.

The Luxembourg-based company is also the sector favorite of analyst Alain Gabriel from Morgan Stanley. However, he cut his price targets for the German companies and remains on the sidelines or, as in the case of Salzgitter, even at "underweight". According to Gabriel, prices in Europe may have bottomed out. However, customers lack the will to replenish their stocks. Low import prices were also a burden./ag/jha/