Salzgitter: Two Reasons JPMorgan Lists for a Renaissance in the Steel Industry in Europe!
Reading Time: 2 minutes
The stock of Salzgitter is a cyclical bet with a low P/S ratio for the upcoming economic upswing in Germany. Additional factors favoring the stock include that hidden reserves can be unlocked through the sale/IPO of KHS. The value is estimated at around 1 billion euros, and the provider of filling and beverage systems is not part of the core business. The special assets in Germany and increased infrastructure spending by European NATO countries should have a positive effect on steel demand. Additionally, Salzgitter is positioned in tank steel. Finally,...
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