Credit Suisse downgraded Olympic Steel (NASDAQ: ZEUS) from Neutral to Underperform with a price target of $12.00, saying U.S. steel prices are not at a bottom yet.

Analyst said N. Littlewood their best estimate is that early spring will mark an inflection point for US steel price.

For an analyst ratings summary and ratings history on Olympic Steel click here. For more ratings news on Olympic Steel click here.

Shares of Olympic Steel closed at $15.73 yesterday.