3 Steel Producer Stocks to Watch Amid Industry Challenges
CMCCMC(CMC) ZACKS·2024-08-09 22:55

The Zacks Steel Producers industry is buffeted by significant challenges as steel prices have experienced a sharp decline in the United States and globally this year. Soft demand in China amid economic slowdown is also a concern.However, improved demand in the automotive space and a resilient non-residential construction market augur well for the industry. Players from the space like POSCO Holdings Inc. (PKX) , ArcelorMittal S.A. (MT) and Commercial Metals Company (CMC) are worth a look despite near-term he ...