Economy
Timna Tanners Rated #1 Metals & Mining Analyst
Written by John Packard
October 13, 2013
Bank of America Merrill Lynch Research metals and mining analyst, Timna Tanners was recognized by Institutional Investor as the top analyst in the space. Last year, Institutional Investor ranked Ms. Tanners as the second best analyst in the metals and mining space which includes the steel industry.
Tanners has been with Bank of America Merrill Lynch since May 2011 after nine years with UBS. Timna earned her MA in journalism at Northwestern University and her MBA at the University of California, Los Angeles, Anderson School of Management.
In a recent conference call with Bank of America Merrill Lynch clients Ms. Tanners reported that some of the recent price hikes calling for hot rolled coil to reach $670-$680 per ton could stick. Current levels were reported to be in the $620-$640 by the analyst. Ms. Tanners continues to forecast lower benchmark hot rolled prices during 2014 due to conditions pointing to lower scrap, iron ore and met coal pricing next year. Ms. Tanners forecast for HRC for calendar year 2014 is $555 per ton ($27.75/cwt).
Ms. Tanners has been a featured speaker at all of the Steel Market Update Steel Summit conferences.
John Packard
Read more from John PackardLatest in Economy
House committee blocks GOP budget proposal
The budget proposal has big implications for steel and manufacturing.
Manufacturing in New York state contracts again in May
Manufacturing activity in New York state declined for the third consecutive month, according to the May Empire State Manufacturing Survey from the Federal Reserve Bank of New York. Responding firms continue to forecast weaker business conditions in the coming months.
Chicago Business Barometer falls back in April, remains in contraction
The Chicago Business Barometer declined in April, reversing March’s gains, according to Market News International (MNI) and the Institute for Supply Management (ISM).
Fewer manufacturers optimistic about the economy
PMA’s April report shows that only 16% of surveyed manufacturers anticipate an increase in economic activity in the next three months (down from 23% in March)
Architecture billings continue to slide in March
Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.