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.
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