Steel

The Ceiling Moved in July. The Numbers Have Not Caught Up.

Salzgitter AG (SZG GR): BUY
Target Price EUR 70, 26% Upside, 12 to 18 Month Horizon
Note: this piece was written in September 2026 with the shares trading at EUR 55.65, which is the reference price behind every multiple and every per share figure below. Sell side estimates cited are Deutsche Bank.

By BSIC, 3 weeks20 September 2026 ago

Corporate Finance

Green steel – the next largest industrial investment?

Download PDF An introduction to steel making and its impact on global greenhouse gas emissions The steel industry is of key importance for the global economy as steel is a key input in many other industrial sectors essential to the functioning of the wider economy, such as mechanical and electrical Read more…

By BSIC, 6 years29 November 2020 ago

COVID19 shaking the Commodity Market – An Overview of the Action

Download as PDF With the equity markets being arguably reluctant to consider the potential threats to global growth stemming from the Corona virus outbreak (COVID-19), the commodities market experienced quite large price movements over the past month. While we clearly acknowledge that commodity prices are more directly affected by an Read more…

By BSIC, 7 years23 February 2020 ago

Macroeconomy Markets Old Articles

US vs China: Who is Going to Ship more?

Introduction Trade wars and tit-for-tat tariff threats between the two largest national economies should not be expected in a world embracing trade integration and common regulation through institutions such as the World Trade Organisation (WTO). However, this is exactly what we are currently observing in a US-led, politically motivated upheaval Read more…

By BSIC, 8 years29 April 2018 ago

The Ceiling Moved in July. The Numbers Have Not Caught Up.

Green steel – the next largest industrial investment?

COVID19 shaking the Commodity Market – An Overview of the Action

US vs China: Who is Going to Ship more?

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