|Last Price$14.38||Day Change (%)-2.51%|
|Open Price$14.82||Day Change ($)-0.37|
|Day Range14.14–15.09||52-Week Range6.15–26.95|
As of Fri 5/27/2016 7:23:00 PM | USD
China continues to add to global glut in manufacturing
Chinese Exports Surge Amid Overcapacity at Home
A simple question tests assumptions.
Short-term headwinds portend an ugly 2015 for U.S. steelmakers, but stock prices imply overly bearish long-term expectations.
Despite decent demand from key sectors, steelmaker stocks look cheap as they confront imports, a strengthening dollar, and the specter of Chinese overcapacity.
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.
Supply trends are worrisome despite robust demand; narrow-moat producers are the most likely to benefit.