3 Steel Producer Stocks to Escape Industry Challenges
Nucor(NUE) Zacks Investment Research·2024-02-27 22:25
The Zacks Steel Producers industry has lost some momentum after enjoying a strong recovery during the final quarter of 2023 as steel prices have again come under pressure lately. Soft demand in China amid the economic slowdown is also a concern.However, a resilient non-residential construction market and improved demand in the automotive space augur well for the industry. Industry players like Nucor Corporation (NUE) , Steel Dynamics, Inc. (STLD) and Universal Stainless & Alloy Products, Inc. (USAP) are wor ...