|Day Low/High||33.19 / 34.17|
|52 Wk Low/High||15.32 / 28.01|
Olin said his industry contacts see a $50 to $60 per ton jump in steel prices by year end, making for a $630 to $640 per ton price.
Steel stocks like AK Steel, U.S. Steel, Steel Dynamics and Nucor have a lot more upside. At least, according to one analyst.
Wednesday's downgrades of Coca-Cola and PepsiCo are in focus.
Credit Suisse lifted the sector to overweight from underweight based on expectations that prices will bottom this summer and begin to rebound in the third quarter.
Nucor has a low cost structure, while U.S. Steel has a high cost structure and remains very challenged.
Last month Commerce Secretary Wilbur Ross said that the results of an investigation he launched will determine if Chinese and other foreign-made steel poses a threat to U.S. national security.
With the Fed and the healthcare vote out of the way, markets will focus on earnings in the week ahead.
Donald Trump's presidency has been a boon for a private prison company that backed his campaign.
Here are Monday's top research calls, including upgrades for AK Steel and Xilinx, and downgrades for Groupon and Bank of America.
European steelmakers traded firmly higher Friday, with mining stocks following suit, after a jump in iron ore prices linked to a brewing trade dispute between the U.S. and China.
Positive earnings from Dow component American Express brings a spring to Wall Street's step on Thursday and drives the bulk of gains on benchmark indexes.
Stocks rise Thursday as positive earnings from Dow Jones Industrial Average component American Express do most of the work for benchmark indexes.
A study of analyst recommendations at the major brokerages shows that Steel Dynamics Inc. is the #12 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.
Executive order to close loopholes used to evade AD/CVD Collection
Donald Trump's border wall could mark a major payday for some companies -- if it gets built.
Jim Cramer is bullish on Nucor, Canada Goose, Masimo, Scotts Miracle-Gro.
Rebounding markets and earnings prove this market is about much more than Trump's political miasma.
Bearish names dominate this week and financials in particular.
Steel Dynamics increased its dividend 11% to 15.5 cents per share.
Shares have a possible long-term price target of $49 or higher.
A study of analyst recommendations at the major brokerages shows that Steel Dynamics Inc. is the #11 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.