Goldman Sachs has lowered its 2014/2015 EPS estimates for steel producers and service centers due to lower steel price expectations.
US steel sector remain under price pressure
Skype:bebonchina
Mr Sal Tharani analyst Goldman Sachs with does not see any signs of sustainable upside to prices.
He wrote "While macro data has indicated the market is improving, steel producers are still only seeing very modest increases in orders. We expect growth will continue to be slow, with private construction continuing to outpace public construction for some time."
Tags: JIS3106 SM490C steel, JIS3106 SM490B steel, JIS3106 SM490A steel
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