Swiss investment bank UBS has downgraded its recommendation for Salzgitter AG from 'Buy' to 'Neutral'. The downgrade of the German steel conglomerate, which produces reinforced steel, heavy plate, and structural profiles for building construction in addition to structural steel, could indicate a more cautious assessment of demand developments in the construction sector. For planners and builders, this development is relevant because Salzgitter is among the major suppliers of reinforcement-grade concrete steel according to DIN 488 as well as steel beams according to Eurocode 3. The analysts' decision is also likely to influence other investors in the steel sector and could have medium-term effects on price developments and supply chains.