Although I don't own it, I nevertheless feel like I've spent a lot of
2012 supporting or coming to the defense of steel companies like ArcelorMittal (NYSE:MT), Nucor (NYSE:NUE) and Steel Dynamics (Nasdaq:STLD).
Maybe there's some logic there, as buying into beaten-down commodity
stocks can be a good way to earn short-to-intermediate capital gains, or
maybe I'm just stubborn. Whatever the case, it's getting harder and
harder to stay optimistic on Steel Dynamics even though (yep, you
guessed it) the shares don't look especially pricey today.