3 Steel Producer Stocks to Escape Industry Headwinds
STLDSteel Dynamics(STLD) zacks.com·2024-05-20 21:05

The Zacks Steel Producers industry has lost momentum after enjoying a strong recovery during the final quarter of 2023 as steel prices have come under pressure since the beginning of this year. Soft demand in China amid the 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. Industry players like Steel Dynamics, Inc. (STLD) , Ternium S.A. (TX) and Universal Stainless & Alloy Products, Inc. (USAP ...