Steel Update per GS - ema

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Steel Update per GS
Jun 05, 2007 07:14 PM UTC

ema

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-3.57%	HIGH

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Via Ema's Market Blog:

Steel pricing a little softer while steel stocks keep hitting new highs
We have become a little more cautious. The combination of sharply higher steel stock prices and signs that steel pricing would soften a bit during the summer, partly due to seasonality but also to softer year-on-year demand trends, caused us to reduce our steel coverage view to Neutral
from Attractive on May 22.

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