Steel market by upheaval: Salzgitter and Thyssenkrupp on the fast lane!

Steel market by upheaval: Salzgitter and Thyssenkrupp on the fast lane!

In the current week, the Salzgitter AG share has recorded an impressive increase of 7.26% on the stock exchange, while ArcelorMittal with an increase of 5.91% and Thyssenkrupp with 3.54% places, as on the page of boerse-social.com . In the month comparison, Thyssenkrupp leads with an increase of 16.95%, while Salzgitter has even suffered significant losses with a minus of 37.18% and voestalpine with -34.17%.

Financial situation of the steel industry

The year 2024 has some challenges for the steel industry, which was outlined in the last report by thyssenkrupp-steel.com There, the previous performance of Thyssenkrupp, which is at -36.49%, and voestalpine, which has a minus of 34.17%, is analyzed in detail. Overall, the average performance in the steel industry has a worrying minus of 26.96%.

The final courses of the steel companies show different developments, whereby Arcelormittal is the leading company below the 200-day middle value and thus represents the greatest risk. In contrast, Salzgitter has proven stability with the possibility of intercepting short -term declines.