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Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:53 EDTSTLD, X, AKS, ZEUS, SCHNU.S. Steel and Schnitzer Steel have most risk to downside, says Goldman
Goldman said recent multiple expansion in the Steel sector is unwarranted given weak supply-demand fundamentals. The analyst sees significant downside risk to Sell rated U.S. Steel (X) and Schnitzer Steel (SCHN) as well as Neutral rated AK Steel (AKS), and Steel Dynamics(STLD), and Olympic Steel (ZEUS).
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