Steel price forecast raised

Print this page Posted on : 09-29-2007 by recycleinme.com

Steel price forecasts for next year were raised by Credit Suisse Group, which rated ArcelorMittal, Evraz Group SA and Nucor Corp. as its top picks in the industry. Prices, based on hot-and cold-rolled coil and galvanized steel, will average 638 ($902) a tonne next year, compared with a previous forecast of 605 euros, analysts led by Mr. Michael Shillaker wrote in a report

Source : Business Line