STZHF - Bullish sentiment rises in U.S. steel market S&P Global survey says

Sentiment for finished steel prices continues to improve in the U.S., S&P Global reported in its latest Commodity Insights U.S. steel market participant survey, as domestic steelmakers announcing price increases as raw material prices continue to rise following Russia's invasion of Ukraine. S&P Global said 91% of those surveyed expected prices to rise in April, compared with 59% in March, with 40% of those bullish participants foreseeing a rise of more than 5% in finished steel prices, and none expecting prices to fall. Potentially relevant tickers include NYSE:X, NYSE:CLF, NYSE:NUE, MT, CMC, STLD, OTCPK:STZHF, SLX Most respondents to the S&P Global survey attributed the anticipated price increases to rising scrap prices and the effects of Russia's invasion on the supply chain, while near-term demand also was expected to remain strong. Scrap prices have been soaring on import disruptions of pig iron and other scrap grades, which S&P Global said has lifted shredded

For further details see:

Bullish sentiment rises in U.S. steel market, S&P Global survey says