Steel Group Upgraded to Buy at Longbow Following Positive Survey Results (AKS) (NUE) (STLD) (X)

AK Steel (NYSE: AKS), Nucor (NYSE: NUE), U.S. Steel (NYSE: X), and Steel Dynamics (NASDAQ: STLD) were all upgraded to Buy this morning by analyst Chris Olin following positive survey results. The analyst believes "these mills have more room to run" noting Q4 data points suggest domestic producers are positioned to realize "impressive earnings growth" over the coming 12-18 months given much higher flat rolled pricing, favorable automotive/annual contract rollovers and pending tax adjustments from the US Tax Reform.

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