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https://www.barrons.com/articles/steel-dynamics-stock-downgrade-51654009945 A572 Steel Coil

Steel Stocks Fall After Goldman Sachs Downgrades Steel Dynamics | Barron's

Steel stocks took it on the chin Tuesday. A downgrade has investors wondering if soaring inflation will kill the golden goose of higher demand for steel products.

On Tuesday, Goldman Sachs analyst Emily Chieng downgraded shares of Steel Dynamics (ticker: STLD) to Hold from Buy. She lowered her price target to $92 from $114 a share, citing some economic concerns. She sees slowing demand for nonresidential construction and noted decelerating home sales in a report.

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Steel stocks took it on the chin Tuesday.

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