ISG raises earnings outlook on higher steel prices

Observer-Reporter: ” International Steel Group Inc. is the second steel company to raise its third-quarter forecast because of higher steel prices.

Other steel companies could follow but steel prices could begin falling because of lower costs and weaker demand, said analyst Charles Bradford of Bradford Research. “

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.