The war in Ukraine shocked the outlook for European steel companies more than most sectors, both lifting prices for the commodity and increasing the costs of production.
The question for investors is whether the balance of those opposing forces will come out in the companies’ favor. Analysts, meanwhile, have share-price targets well above the current market prices for three stocks: ArcelorMittal (ticker: MT.Netherlands), ThyssenKrupp (TKA.Germany), and Salzgitter (SZG.Germany).
