BAML Trims Steel Price Forecast Amidst Deteriorating Market ConditionsMani
Amid imports targeting the U.S. market and inventory destocking planned by customers, analysts at Bank of America Merrill Lynch trimmed their Q4 2016E US HRC spot price estimate by $50 and also trimmed their H2 volume assumptions. Timma Tanners and team said in their September 15 research piece titled “Cutting U.S. steel mill H2 ests on lower steel price outlook as imports are back” that they believe the widening price gap between the U.S. and the rest of the world for premium sheet will be . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible