Hot Rolled Coil

Analysts at Cowen turned bearish on United States Steel Corporation (NYSE: X) under the assumption that hot rolled coil steel prices are set to move lower. The firm's Novid Rassouli downgraded U.S. Steel's stock rating from Market Perform to Underperform with a price target lowered from $24 to $20...

The Market Vectors Steel (ETF) (NYSE: SLX) has gained nearly 30 percent thus far in 2016 as China transitions away from investment mode and into consumption mode. The spread of Chinese vs U.S. Hot Rolled Coil (HRC) has swelled above recent highs. The China/U.S. spread now stands around $242 and...

Timna Tanners of Bank of America is expecting 2016 benchmark US hot rolled coil (HRC) to average $455/short ton, marking an increase from current spot prices of around $375 to $390 per ton. Tanners suggested that minimills will prove to be the "more attractive" investment option...

Gordon Johnson is the Managing Director and Senior Equity Research Analyst at Axiom Capital Management. He covers the clean technology sector, which includes companies in sectors such as clean coal, solar and fuel cell. He was recently ranked by Bloomberg among the top stock pickers in the solar...