Abstracts » Business

Steel's ups and downs

Article Abstract:

British Steel's shares have been affected by concerns over demand for steel. The stockbrokers from a sample of six rate the company's shares a buy, two rate them a hold and one broker is a seller. Buyers include UBS which sees destocking as coming to an end, and Societe Generale Strauss Turnbull, which sees British Steel as benefiting from a cost advantage. Holders include Merill Lynch which sees the company as vulnerable to exchange rate volatility. The seller is NatWest Securities which is concerned about overcapacity and its impact on steel prices.

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Steel appeal

Article Abstract:

British Steel shares will be affected by changes in the steel markets in the US and Europe and a downturn in the business cycle. Demand for steel looks set to increase by 2.5% in the two years from 1995, according to Hoare Govett, which recommends buying British Steel shares. Credit Lyonnais foresees a drop in European government subsidies and recommends the shares for a long-term buy. Williams de broe, meanwhile, is concerned about US steel prices and recommends selling the shares.

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Steel defies analysts

Article Abstract:

British Steel saw a drop in its stock price due to a rise n the value of pound sterling, but buying by US investors has led to a subsequent stock price rise. One stockbroker from a sample of six rates the company's stocks a buy, Societe Generale Strauss Turnbull. Charterhouse Tilney and UBS are holders. Merrill Lynch rates British Steel stocks a sell, as does Credit Lyonnais Laing. Albert E Sharp is cautious on this stock and is reviewing its position.

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