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AK Steel Holding Corporation Message Board

  • cincyyyyy cincyyyyy May 24, 2013 10:27 AM Flag

    Credit/Suiss take on the price increase

    Stock Market & Financial Investment News

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    May 24, 2013
    09:35 EDT STLD, AKS, MT, X Steel price increase unlikely to stick, says Credit Suisse
    After steel companies AK Steel (AKS), US Steel (X) and ArcelorMittal (MT) announced price increases, Credit Suisse thinks the full price hike is unlikely to stick. The firm believes that the sector's fundamentals suggest that steel stocks are likely to remain range bound this summer. However, the firm predicts that stronger demand trends are likely to drive steel stocks higher in the early fall.

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