Salzgitter is Trading 70% Below Book Value. Four Reasons for the Steel Stocks' Upsurge!
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Steel stocks such as Klöckner & Co, ThyssenKrupp, and Salzgitter (WKN 620200) are among today’s top titles and breaking out of consolidations. New long signals are emerging. There are three reasons for this: Bet on a new economic upturn and thus higher demand from construction, the automotive industry, etc. A ceasefire in Ukraine would pave the way for reconstruction. Speculation on the €500 billion special fund for infrastructure, which needs to be passed by the Bundestag. JPMorgan estimates that the infrastructure program...
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