1159 GMT - Shares in European steel producers fall after Chinese steel exports hit a record monthly high in December, according to data from the country. Fourth-quarter results for the European industry won't be exceptional, analysts at Jefferies write, though a global trend toward protectionism will support the sector's earnings. "Underlying demand remains muted, and investors should not get carried away with 2026 earnings recovery," the analysts write. The sector remains vulnerable to tariff volatility, they add. Shares in Thyssenkrupp drop 2.5%, while SSAB falls 3.95% after climbing to a near two-year high Tuesday. Salzgitter falls 5.1%, while ArcelorMittal nudges up 0.15% as Jefferies analysts highlight the company's iron-ore self-sufficiency and strong balance sheet. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
January 14, 2026 06:59 ET (11:59 GMT)
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