11
Apr
20:10
US sheet sources weigh in on projected glut
US Steel has endured two downgrades of its stock this week, on the premise of a 2021-2022 wave of low-cost domestic steel.
The projected steel glut has been dubbed 'Steelmageddon' by Bank of America Merrill Lynch and a 'Steel Tsunami' by Credit Suisse. Both of these cut their ratings for US Steel’s stock due to its cost structure. The projected steel glut may be turning heads on Wall Street therefore, but Steel Street remains…
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Anonymous
Very good overview of the weekly steel market.
Anonymous