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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01385458: Michelle Steel and Steel (DS10)

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Document containing analysis of steel industry market conditions, including discussion of steel prices, GDP estimates, and the American Iron and Steel Institute's (AISI) 2016 steel shipment data by market classification. The document appears to be an industry report focused on cyclical steel market indicators.

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Excerpt 1
demand and the direction of **steel** prices and underlying input costs.
Excerpt 2
More, increasing GDP estimates are a positive directional indicator for the cyclical **steel** industry.
Excerpt 3
In Figure 8 we show the American Iron and **Steel** Institute's (AISI) analysis of 2016 **steel** shipments by market classification.

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