|Last Price$25.03||Day Change (%)4.68%|
|Open Price$23.80||Day Change ($)1.12|
|Day Range23.50–25.30||52-Week Range20.13–46.55|
As of Fri 5/22/2015 6:01:00 PM | USD
Despite decent demand from key sectors, steelmaker stocks look cheap as they confront imports, a strengthening dollar, and the specter of Chinese overcapacity.
Short-term headwinds portend an ugly 2015 for U.S. steelmakers, but stock prices imply overly bearish long-term expectations.
DRI production is changing the game for undervalued Nucor.
We may likely be entering a period of slower growth, but no growth at all is unlikely.
Volatility in Asia, subprime woes take market for a ride.
This cyclical sector appears undervalued, but be ready for a bumpy ride.
Supply trends are worrisome despite robust demand; narrow-moat producers are the most likely to benefit.