Steel (general) industry

Article Abstract:

Economic growth in the US is expected to be more modest in 1997 and 1998, and it will also be uneven. However, the steel industry remains strong, with spot price gains, increasing shipments, and strong orders. Steel industry spending for modernization and expansion will also be aggressive in the next three to five years. Positive demand, prices, and growth for steel companies are expected through the years 2000-2002, and these stocks are undervalued.

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Steel (general) industry

Article Abstract:

The steel industry is basically mixed in mid-1996 with high productivity, good backlogs and orders, but with weak prices due to competition. Most mills are operating at 90% of capacity in 1996, with high capital goods and retail demand, although earnings may be weak. Several mills are expanding, even though the economy may slow in 1996 and 1997. These stocks should do well through 1999 to 2001, but investors must be selective in choosing them.

Allegheny Ludlum Corp., ALS

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Steel (general) industry

Article Abstract:

The steel industry continues its business expansion in 1996, an expansion that has been underway since 1990. There is a mixed performance by different companies within the steel industry because of pricing. Modest growth is expected for the US economy in 1997 and the industry should do better. The industry is not a timely investment although some companies may prove to be good long-term investments.

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