AlphaValue ups Salzgitter to 'add' citing EU trade measures

Salzgitter AG

12/02/2026 09:52

** AlphaValue upgrades German steelmaker Salzgitter SZGG.DE to "add" from "reduce", citing a more favourable context from the new EU measures

** The brokerage notes that new EU tariffs and the Carbon Border Adjustment Mechanism (CBAM) will massively benefit the firm, which achieves almost 60% of its steel revenues in Europe

** AlphaValue believes that if new measures are permanent, the group's profits are "destined to improve markedly through the cycle"

** The broker also factors in the Q4 2025 results, which it says were stronger than expected, and a sound contribution from its stake in copper producer Aurubis NAFG.DE

** Out of 13 analysts that cover the stock, five rate Salzgitter "strong buy" or "buy", five "hold" and three "sell" or "strong sell"

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))