Americas Steel: Updating Estimates to Reflect Recent Commodity Moves

Goldman Sachs revised its EBITDA estimates and price targets for several steel companies, citing recent upward movements in commodity prices. The firm highlights ongoing domestic supply tightness as a positive driver for regional mills.

Key Takeaways

• 1.Revised EBITDA estimates and price targets for select steel companies to reflect recent commodity price increases.
• 2.Near-term supply tightness in the domestic steel market is expected to provide tailwinds for domestic mills.

Table of Contents

• Americas Steel: Updating estimates to reflect recent commodity moves
• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures

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