STEEL FRAMING ALLIANCE | FRAMEWORK ONLINE
December 2, 2009
MARKETPLACE
 
Ahead Of The Bell: Steel Sector Boosted At Goldman

HARTFORD, Conn. – The steel industry is poised to exit the recession as markets improve, prices rise and other factors benefit steel manufacturers, an analyst said as he upgraded the sector Monday.

Goldman Sachs analyst Sal Tharani upgraded the sector to "Attractive" from "Neutral."

In a client note, he said steel manufacturers' shares have underperformed those of other companies, steel and scrap prices in the U.S. have hit bottom, prices in China are rising and industrial and auto demand should improve next year.

Tharani said positive signs for the sector include rising iron ore and coking coal prices, which are used in steel production, and a weak dollar, which will deter imports and boost exports. Also, he expects steel makers to be cautious as they increase supply, and he said that demand from emerging markets, is improving.

He recommended that investors buy shares of United States Steel, Steel Dynamics inc., AK Steel Holding corp. and Nucor Corp.

Source: Associated Press, November 30, 2009

Next Article >>

 

HEADQUARTERS
 

Steel Framing Alliance
1201 15th St., NW,
Suite 320
Washington, D.C. 20005
Phone 202.785.2022
Fax 202.785.3856

 
NEXT ISSUE OF FRAMEWORK ONLINE - FEBRUARY, 2010
SFA would like to wish all our members Merry Christmas, Happy Holidays and a Prosperous New Year!
 
NEW MEMBERS
- Billy Bonham - Henrob
Mooresville, NC
- Frank M Glazewski - Arch.
Chico, CA
- Innovative Design and Engineering Associates, Inc
Hayward, CA
- Jim Bluse
Ramon, CA
- Kamil Celik - Hilti
Broken Arrow, OK
- K H Pukita, Consulting Eng.
Scranton, PA
  Maddox & Roberts Construction
Kingsland, TX
- Rondo Building Services
Erskine Park, Australia
- Structural Concepts, Inc..
Winchester, VA
- Weidlinger Associates Inc.
Marina Del Rey, CA
 
UPCOMING EVENTS
 
 

December 3, 2009
Challenges in Load Bearing Systems Using Cold-Formed Steel Framing
Atlanta, GA More

 
 

January 19-22, 2010
International Builders' Show
Las Vegas, NV More

 
 

September 20-22, 2010
Steel Structures 2010 Culture & Sustainability International
Symposium
Istanbul, Turkey More

 


 
 


Become a Member | Unsubscribe

Brought to you by the Steel Framing Alliance (SFA) on the first Wednesday of each month except January, Framework Online arms you with the latest news and commentary on the steel framing and construction industries. In addition to industry headlines, trends and project profiles, Framework Online provides information and ideas that will better enable members to increase their participation in the residential and commercial construction markets.