Steel (integrated) industry
Article Abstract:
The steel industry may find economic growth becoming somewhat more difficult as the national economy has begun to slow down the dramatic increases recorded in the summer and fall of 1995. However, a further lowering of interest rates and the industry's policy of clearing capital debts indicate that major steel industries will show increased profits in 1996. The steel industry's security prices appear to be a good area for long-term investment but the cyclical nature of the industry's economic results should deter even patient investors.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Steel (integrated) industry
Article Abstract:
There should be some pressure on corporate profit margins with slower growth in the US economy during 1997. However, volume and other basics remain strong for the steel industry through the 4th qtr of 1996, and are not expected to change in 1997. Streamlining and productivity increases are also making US mini-mills competitive with the international industry. The steel industry is untimely for 1996 and 1997, but these stocks are expected to improve.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Steel (integrated) industry
Article Abstract:
Operating patterns in the steel industry are still level at 85% to 90% of capacity. Greater US and overseas competition, and lower prices and sales, made 3rd qtr 1995 earnings disappointing. Newer equipment, more realistic labor policies, and cutbacks are making the US industry more competitive globally, however. Steel industry stocks are positive for the next three to five years with a healthy economy.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: