European steelmakers rise after US-Iran ceasefire deal

SSAB AB

08/04/2026 09:50

** Shares of European steelmakers jump after the United States and Iran agreed to a two-week ceasefire

** Shares in Germany's Salzgitter SZGG.DE are up 18.4%, and the stock is on track for its best day since July 2025

** ArcelorMittal MT.AS and Aperam APAM.AS jump about 11%, while Thyssenkrupp TKAG.DE rises 9.1%

** Shares in Acerinox ACX.MC, Outokumpu OUT1V.HE and SSABSSABa.ST are up 7.1%, 7.5% and 6.3%, respectively

** The cost of European steel production is highly dependent on energy prices, which had therefore prompted investor pessimism for the sector after the start of the conflict

 (Reporting by Simon Ferdinand Eibach and Javi West Larrañaga)

 ((Simonferdinand.eibach@thomsonreuters.com))