Salzgitter AG Coverage Restarted at Buy as BofA Notes New European Steel Trade Protections

11:31 AM EDT, 08/17/2026 (MT Newswires) -- BofA Global Research reinstated its coverage of Salzgitter AG (SZG.F) with a buy rating, mainly driven by an upside to 2027 consensus EBITDA estimates on the back of higher steel prices. "We like SZG's 1) leverage to higher European steel prices under new trade protection regime, 2) cash-light HKM acquisition which adds steelmaking capacity ahead of a market upturn and 3) more moderated approach to subsequent SALCOS decarbonisation investment, which reduces policy, execution and economic risk + reduces near-term cashflow drag," the research firm said Monday. Analysts also identified steel price increases in the second half of 2026 as a potential earnings revision catalyst for the German steel producer. The stock's price objective was set at 71 euros.