(Editor's Note: Shares of the company trade with limited liquidity as VLPNF. Investors may consider the German listing under the ticker VAS.)
There is hardly any sector that is more linked to business cycles than steel producers. When economy grows steel is ordered in masses, while in difficult economic times demand decreases rapidly. These phenomena could also be observed in the years before and after the crash of Lehman Brothers. Even now, at the beginning of 2014, stock prices of most steel producers have not reached their pre-crisis peak. Many of them had to face difficult times with huge losses, especially the producers with production facilities in Europe, the continent most struck by the crisis. As far as I know,...
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