Materials
Steel
2 companies under coverage.
Coverage
Steel
Equity Research
Steel Dynamics Inc (STLD)
The bull case — 'Spike — Trade / Supply Dislocation' (8% weight) — targets $554, +141% vs spot. It needs the multiple to hold or expand.
Equity Research
Nucor Corp (NUE)
The bull case — 'Spike — Trade / Supply Dislocation' (8% weight) — targets $535, +140% vs spot. It needs the multiple to hold or expand.