EU suggests increased steel tariffs to safeguard the industry
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
EU Trade Measures: The European Union has proposed new trade measures, including a 50% tariff on steel imports exceeding reduced quotas, to protect its steel industry from cheap imports, particularly from China.
Impact on UK Steel Industry: The UK's steel industry faces challenges due to the EU's new tariffs and the closure of its last virgin steel plant, although it will retain market access under an agreed quota.
Analyst Views on SLX
Wall Street analysts forecast SLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 93.440
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
