FRANKFURT (dpa-AFX Broker) - Salzgitter shares extended their recovery rally since November 20 to almost 50 percent on Monday morning. For the first time since spring 2023, they were trading at over €40 again.
Analyst Andrew Jones of UBS pointed to the high leverage of Salzgitter shares on the development of European steel prices. With his more than doubled price target of 50 euros, he still sees room for growth.
Most recently, Ephrem Ravi of Citigroup praised the new EU protectionism for the steel industry on Friday. According to Raivi, the protective measures against imports are the key driver for 2026.
The JPMorgan industry expert recently even spoke of a European "steel renaissance."/ag/zb
