Bank Of America Calls Steel Prices 'As Good As It Gets'

16 June 2016

Bank of America has raised its steel price forecast but sees no remaining upside for now. The firm has upped its U.S. benchmark hot rolled coil (HRC) 2016 average price estimate from $485 to $530/short ton.

Analyst Timna Tanners is calling for HRC prices to peak at $600/t in Q3 before pulling back in Q4.


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