Befesa's stock surges 10% as recycling and steel demand fuel growth in 2026
Befesa has seen a strong start to 2026, with its stock price climbing over 10% in the stock market today. The company's market value now stands at around €1.2 billion, up roughly 25% from early 2025. Investors are closely watching key updates ahead of its annual general meeting in June.
The company's growth follows a period of positive momentum. In February, Befesa released preliminary figures for its 2025 fiscal year, highlighting resilience in its business model. A full annual report, including first-quarter 2026 data, will be published on April 30.
Analysts point to several factors driving performance. Strong demand for steel recycling, a recovery in European steel prices, and upgrades after Q4 2025 results have boosted confidence. The stock, currently trading at €32.92, is technically oversold in the short term, with an RSI of 19.2.
Operational focus remains on two key areas. In the steel dust segment, zinc smelting fees and hedging strategies will shape financial outcomes. Meanwhile, capacity use at North American recycling plants—recently expanded and upgraded—is under close observation.
Beyond Europe, early signs suggest growth in China's recycling guide business. This strategic push aligns with broader industrial trends, as production levels in Befesa's European aluminum operations reflect automotive supply chain activity.
Befesa's annual general meeting on June 16 will provide further clarity on its direction. The company's performance in steel and aluminum recycling, along with market expansion efforts, will remain central to investor interest. With a market cap now exceeding €1.2 billion, its next financial disclosures are highly anticipated.
