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Last week, STLD
came out and indicated that the third quarter was a very good one.
Just within the past 30 days, four or more brokerage analysts have upwardly adjusted their projections on several steel producers including AKS, STLD
Tickers featured: AKS, ATI, BS, LTVCQ, NUE, STLD
, UCR, X.
In late May, STLD
cautioned that inventory levels at steel service centers were resulting in "somewhat weaker than initially expected" pricing.
Free technical research on X, STLD
, SID and NUE can be downloaded upon signing up at:
observed in late-March that inventory levels at steel service centers had declined, however - a bullish sign.
Brokerage analysts raised their forecasts on STLD
following the release of the new forecast, sending the consensus first-quarter earnings estimate up by a cumulative nine cents to 96 cents per share.