- Initiates coverage on AK Steel Holding AKS with a Buy rating and a $5.80 price target.
- Initiates coverage on ArcelorMittal MT with a Buy rating and a $12.00 price target.
- Initiates coverage on Commercial Metals CMC with a Hold rating and a $18.00 price target.
- Initiates coverage on Nucor NUE with a Buy rating and a $55.00 price target.
- Initiates coverage on Reliance Steel RS with a Hold rating and a $61.00 price target.
- Initiates coverage on Steel Dynamics STLD with a Buy rating and a $19.00 price target.
- Initiates coverage on United States Steel X with a Sell rating and a $18.00 price target.
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