POLL: Best Steelmaker Stock
NEW YORK (TheStreet) -- The steel business, one of the leading indicators of the health of the world economy, has experienced a news-heavy week.
There was the speculation about a U.S.-China trade war spilling into the sector (with Nucor's outspoken chief endorsing a tariff on Chinese steel imports); word that prices for domestic hot-rolled coil steel are increasing, even as word that prices for the Chinese stuff are trending lower; and further statements from Nucor's boss that real demand for steel hasn't improved much, if at all, echoing sentiment from European suppliers. What does this all mean? (For one thing, it's a complex world.) More specifically, though, what does it mean for steel stocks? Hence our poll question: Which steelmakers' shares -- either U.S. Steel(X Quote), ArcelorMittal(MT Quote), Nucor(NUE Quote), AK Steel(AKS Quote) or Steel Dynamics(STLD Quote) -- do you think will outperform the sector in the coming months? Feel free to leave a comment explaining your pick, and if you have a steel stock in mind not listed in our poll, don't hesitate to write it in your comment.- Loading Comments...
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