Steel (integrated) industry
Article Abstract:
The integrated steel industry continues to have a good year during 1997, with solid 2nd qtr earnings and a stronger economy to back it up. Strong demand for steel has boosted profits, which have also been enhanced by increased productivity and better prices. However, companies still operate with a small error margin and industry capacity is increasing, which may impact the long-range earnings of integrated steel firms. Investors interested in this industry will find some opportunity for long-range profits.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
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Steel (integrated) industry
Article Abstract:
The integrated steel industry usually reflects US economic conditions, and the US economy is expected to remain sound in 1998 with a GDP growth rate of 2% to 2.5% and low inflation aiding expansion. Capacity, productivity, and costs are expected to improve in 1998, and there should be some demand growth in the industry. Gains for the industry are expected worldwide for the next three to five years, although these stocks are untimely for 1998.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
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Comment about this article or add new information about this topic:
Steel (integrated) industry
Article Abstract:
The US economy has proven to be resilient to the Asian financial crisis of the late 1990s, with only a 1% to 2% growth expected in 1999, and the US steel industry is reflecting this. Steel industry earnings have fallen in 1998, but financial results are expected to improve with a better structure in the future. These stocks are not timely in 1998, but some investors may want to select the better capitalized companies in the steel industry.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
User Contributions:
Comment about this article or add new information about this topic: