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Goldman Sachs cuts its 2014-15 EPS estimates for steel producers due to lower expected steel...

Goldman Sachs cuts its 2014-15 EPS estimates for steel producers due to lower expected steel prices (SLX) and only modest increases in orders despite macro data indicating an improving market. Price-sensitive names AK Steel (AKS) and U.S. Steel (X) could suffer further declines, the firm says as it prefers specialty companies such as Reliance Steel (RS) and Carpenter Tech (CRS).
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Comments (1)
  • Philip Marlowe
    , contributor
    Comments (1067) | Send Message
     
    It is now time to buy steel users. They get lower costs and higher demand. My favorite microcap here is CMCO.
    28 May 2013, 05:53 PM Reply Like
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