|Last Price$18.95||Day Change (%)4.12%|
|Open Price$18.51||Day Change ($)0.75|
|Day Range18.50–19.31||52-Week Range6.15–27.64|
As of Fri 9/23/2016 7:50:00 PM | USD
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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.
We may likely be entering a period of slower growth, but no growth at all is unlikely.