By Herbert Berger
Bernd Schroder
Bjorn Grob
Thomas Langer
Steel – a good chance for a super cycle
Customer profile: Continental European Investor
The steel sector, one of the ugly ducklings of investment, might turn out to be a bright star for investors with a specific appetite for risk also in 2004.
The world steel industry looks in better shape this year than ever. Improved prospects for the global economy, insatiable demand from China and consolidation moves among large steel producers have given them greater ability to influence prices and have made the profitability outlook over the coming months relatively rosy.
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