Steel (general) industry
Article Abstract:
The economy slowed in the 4th qtr of 1995 and growth will be modest in 1996 and 1997 with high consumer debt, low job prospects, and weak wage growth. However, stable prices, strong operating levels, and new bookings have helped the industry from being hurt severely. There is increased expansion in the industry, also, with less rationalization nationwide. These stocks are not timely in 1996, but should perform well through 1999-2001.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Steel (general) industry
Article Abstract:
The steel industry has slowed due to its economic sensitivity, but high operating levels, backlogs, and orders are offsetting this. Earnings may be pressured by price discounts and sales deterioration. Several mills are expanding capacity, encouraged by stronger balance sheets and cash flow streams, with industry rationalization not likely. Steel industry stocks are not timely for 1996, but several have long-term price appeal.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Comment about this article or add new information about this topic:
Steel (general) industry
Article Abstract:
Nonintegrated steel mills are forecast to do well over the next three to five years, especially in 1995 and 1996. Steel shipments of 93 million tons to 95 million tons are expected to endure for 1995 and 1996, and profits should remain at their higher 1995 levels. Stocks from this sector of the steel industry should outperform others through the year 2000 and should be in portfolios managed for growth.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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