Commercial Metals (CMC) Declares $0.12 Quarterly Dividend; 3% Yield
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Steel Capacity Will Swamp U.S. by 2022 - BofA/Merrill Lynch
March 19, 2019 9:38 AM EDTBofA/Merrill Lynch analyst Timna Tanners said an extra 20%+ steel capacity will swamp the U.S. by 2022. BofA/Merrill Lynch calls this theme 'Steelmageddon'. This should drag steel prices lower into 2021/22, they said.
Tanner said this can further hurt margins for EAF steelmakers, including Nucor (NYSE:... More
