Salzgitter Continues to Rise. The Armor Steel Story is Unfolding!

Salzgitter also gained another 3.5% on May 20 after the 10% increase on May 19. Currently, the company is in the certification process for this. There is a shortage of armor steel, as there is only one supplier in Europe, SSAB. The capacity of 500,000 tons is insufficient. It is likely that 4-8 million tons will be needed. Once Salzgitter is allowed to provide this steel, it will address a new growth area. When stocks with low P/S ratios like Salzgitter, which has a P/S ratio of 0.12, suddenly achieve a revenue and earnings momentum, they often...