2010年美国钢铁行业展望

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【出版时间及名称】：2010年美国钢铁行业展望
        【作者】：德意志银行
        【文件格式】：PDF
        【页数】：48
        【目录或简介】：
Table of Contents
Executive summary ........................................................................... 3
Outlook ....................................................................................................................................3
DB steel price forecasts............................................................................................................4
Estimate and price target changes............................................................................................5
Valuation ..................................................................................................................................6
Risks ........................................................................................................................................7
Industry update ................................................................................. 8
The global picture......................................................................................................................8
Evaluating the global steel outlook; looking for operating leverage ..........................................9
Currency movements and interest rates; accessing the risk ..................................................10
Balance sheets and pension funding greatly improved; 2010 impact mixed ..........................14
Key industry themes ...............................................................................................................14
US update ...............................................................................................................................18
China update ...........................................................................................................................21
AK Steel............................................................................................ 24
Financial update ......................................................................................................................24
Valuation and view on the stock .............................................................................................25
Gerdau Ameristeel........................................................................... 27
Financial update ......................................................................................................................27
Valuation and view on the stock .............................................................................................28
ArcelorMittal .................................................................................... 30
Financial update ......................................................................................................................30
Valuation and view on the stock .............................................................................................31
Nucor ................................................................................................ 33
Financial update ......................................................................................................................33
Valuation and view on the stock .............................................................................................34
US Steel............................................................................................ 36
Financial update ......................................................................................................................36
Valuation and view on the stock .............................................................................................37

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关键词：钢铁行业 Evaluating Valuation financial operating 美国 行业 展望 钢铁

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