Steel stocks are in demand on Friday – especially German ones. The shares are driven by an analyst’s voice.
While shares in the industry giant ArcelorMittal on Euronext are comparatively inconspicuous with +0.16 percent to 36.78 euros, thyssenkrupp on XETRA temporarily rose 3.26 percent to 9.51 euros and Salzgitter rose significantly with 5.38 percent to 38.40 euros. The latter are temporarily racing to their highest level since March 2023 and are approaching the 40 euro mark.
Analyst Ephrem Ravi from Citigroup joined the experts this morning who are celebrating the new EU protectionism for the steel industry. The shielding measures against imports are the decisive driving force for 2026, said Raivi. He already recommended buying thyssenkrupp, Arcelor, Acerinox and SSAB and has now increased most of the price targets. At Salzgitter he voted “neutral”, but he raised the price target very significantly to 38 euros.
The JPMorgan industry expert recently even spoke of a European “steel renaissance”.
FRANKFURT (dpa-AFX)
Selected leverage products on Acerinox
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Acerinox
The leverage must be between 2 and 20
Advertising