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UBS downgrades steel stocks citing less compelling risk-reward post rally

UBS downgraded Nucor, Steel Dynamics, and Commercial Metals due to weak earnings and pressures, anticipating recovery in 2025 despite headwinds from a higher yield curve.

investing.com • 12/12/2024 - 16:47 PM

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Global steel output down 7% annually in August: UBS

UBS analysts noted a 7% decline in global steel production in August 2023, primarily due to weak demand. Steel prices vary by region, with challenges expected ahead.

investing.com • 25/09/2024 - 09:51 AM

005490
5411
ARMT34
CMC
MT
MTS
NUE
PKX
SSABa
STLD

Global steel output down 7% annually in August: UBS

Global steel production faced a 7% decline in August 2023, particularly in China. Mixed price trends and regional challenges shape the market outlook and investment recommendations.

investing.com • 25/09/2024 - 09:51 AM

Greed and Fear Index

Note: The data is for reference only.

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UBS downgrades steel stocks citing less compelling risk-reward post rally

Global steel output down 7% annually in August: UBS

Global steel output down 7% annually in August: UBS

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