OM:SSAB AMetals and Mining
SSAB (OM:SSAB A) Valuation Check As Rheinmetall Deal Underscores Green Steel Growth Potential
SSAB (OM:SSAB A) is back in focus after signing a letter of intent with Rheinmetall for fossil-free steel supply. The move ties the steel producer directly into decarbonization efforts in defense manufacturing.
See our latest analysis for SSAB.
The Rheinmetall agreement lands at a time when momentum in SSAB’s shares has been strong, with a 30-day share price return of 13.34% and a 90-day share price return of 29.63%. The 1-year total shareholder return of 74.73% contrasts with a more moderate...