Unfortunately, another quarter is in the books and the song pretty much remains the same for the steel industry. Customers are pushing back fairly successfully on price hikes, and demand in traditional steel-heavy applications just hasn't recovered as expected.
Steel Dynamics (Nasdaq:
STLD) still looks
undervalued, but it's tough to be patient with a lagging stock in an otherwise reasonably good market.
Read the full article here:
http://stocks.investopedia.com/stock-analysis/2012/Another-Challenging-Quarter-At-Steel-Dynamics-STLD-NUE-AKS-X0420.aspx
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