|Last Price$15.97||Day Change (%)1.01%|
|Open Price$16.19||Day Change ($)0.16|
|Day Range15.86–16.33||52-Week Range6.15–21.66|
As of Wed 6/29/2016 6:40:00 PM | USD
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.
DRI production is changing the game for undervalued Nucor.
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.
This cyclical sector appears undervalued, but be ready for a bumpy ride.