ArcelorMittal remains Morgan Stanley’s preferred way to invest in European reindustrialisation
Morgan Stanley analysis Alain Gabriel (Morgan Stanley analyst) reiterates that ArcelorMittal remains his preferred way to invest in European reindustrialisation, highlighting its base of approximately 30 million tonnes of shipments in Europe and its spare capacity, which provide it with scale and flexibility. He notes that fiscal support and an increasingly assertive industrial policy under the “Made in Europe” concept – including local content requirements in public procurement, greater supply…
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