|Last Price$15.93||Day Change (%)-2.45%|
|Open Price$16.49||Day Change ($)-0.40|
|Day Range15.72–16.64||52-Week Range14.19–46.55|
As of Thu 9/3/2015 7:52:00 PM | USD
Glut of Chinese Steel Looms Large
ArcelorMittal Finds Unlikely Success in French Rust Belt
Steelworkers to Rally for Wage, Health-Benefit Pacts
U.S. Steelmakers Again Ask for Tariffs on Imports
Steelmakers Try to Stay Out in Front in Auto Industry
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.
We may likely be entering a period of slower growth, but no growth at all is unlikely.
DRI production is changing the game for undervalued Nucor.