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Sasha Singh
Birthday 22 april 1986
Job title Trader
was online: 13 hours ago
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Goldman having positive outlook for steel sector

Analysts at Goldman Sachs seems to be having a positive on steel sector as they upgraded the shares of steelmakers. Steelmakers AK Steel Holding Company and United States Steel Corporation were upgraded to buy and Reliance Steel and Aluminum was downgraded to neutral from buy. Because of this the shares of AK surged around 8.7% and United States of Steel Corporation surged 4.46%, however Reliance Steel and Aluminum Corporation jumped .07% in spite of the downgrade. Is Steel industry really going to move up as I read somewhere few days back that steel industry is going vertical and the steelmakers are suffering because of the increase in the middle men costs. 

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