Jefferies Financial stated that steel prices have reached bottom and infrastructure-related demand is expected to rebound after the 2024 US Presidential Election or in the second half of 2025. The outlook comment for the coming quarter is expected to be cautious. The bank's top picks remain ArcelorMittal SA, Cleveland-Cliffs, and United States Steel, all of which are rated "buy". The report stated that ArcelorMittal is in a favorable position and will benefit from demand, restocking, and steel price recovery in 2025, while negative factors such as the recent Mexican strike and market weakness are reflected in the stock price.
大行评级｜杰富瑞：钢铁价格已接近底部 需求复苏可能会推迟至2025年
Jefferies Financial: Steel prices have nearly reached the bottom, and demand recovery may be delayed until 2025.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.