Steel Demand Firing on All Cylinders, HRC Could Reach $1,700/t and Stay There Until Q1'22, Sales Estimates Raised for US Steel (X), Steel Dynamics (STLD), Nucor (NUE) - Morgan Stanley
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Go back to Steel Demand Firing on All Cylinders, HRC Could Reach $1,700/t and Stay There Until Q1'22, Sales Estimates Raised for US Steel (X), Steel Dynamics (STLD), Nucor (NUE) - Morgan Stanley
June 16, 2021 7:45 AM EDT
BofA Securities analyst Timna Tanners raised the price target on US Steel (NYSE: X) to $16.00 (from $14.00) while maintaining an Underperform rating after raising 2021-2023 U.S. steel price forecasts amid the 'great steel squeeze.'
They now expect H221E HRC at $1,075/st from... More
June 16, 2021 7:40 AM EDT
BofA Securities analyst Timna Tanners raised the price target on Nucor (NYSE: NUE) to $103.00 (from $102.00) while maintaining a Neutral rating after raising 2021-2023 U.S. steel price forecasts amid the 'great steel squeeze.'
They now expect H221E HRC at $1,075/st from... More
