Friday, September 01, 2006

Steel Sector Downgraded

News to me that US inventories are "dangerously high". We keep hearing that lead times are growing.

Financial News - Yahoo! Finance
Citing a supply and demand imbalance, dangerously high U.S. inventories and falling scrap prices, a Credit Suisse analyst on Thursday downgraded the global steel sector.
Analyst Michael Shillaker brought the sector down a notch to 'Market Weight' from 'Overweight.'

// posted by Michael @ 9/01/2006 09:14:00 AM
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