Report
Andrew Lane
EUR 101.80 For Business Accounts Only

Raising U.S. Steelmaker FVEs With Import Protection on the Horizon, but Group Remains Overvalued

We've updated our fair value estimates for all U.S. steel producers under our coverage to reflect the implications of the Department of Commerce's Section 232 recommendations. As discussed in our Feb. 18 note "Department of Commerce Recommends Highly Punitive Countermeasures For Steel and Aluminum Imports," we expect President Trump to enact targeted tariffs rather than a blanket tariff or quota. Trump now has 90 days from Feb. 16 to review the proposals and determine the appropriate course of a...
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Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

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