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The demand for steel is at the low point, Deutsche Bank assumes


European demand for Steel has reached a low point and is expected to rise considerably. That’s what Deutsche Bank analysts say. According to market researchers, there is selective value throughout the sector. However, Deutsche Bank appreciates stainless steel producer Aperam to hold, where a buy advice was given earlier. Steel Group ArcelorMittal is one of DB’s favourite shares in the sector.

Deutsche Bank expects the demand for steel to rise by 14 percent next year compared to this year. By 2020, European steel production is estimated to fall by 24 percent compared to 2017.

The share of Aperam closed on Tuesday with a plus of 4.3 percent at 33.51 and the share of ArcelorMittal with a plus of 7 percent at 15.36 euros.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

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