This has been a disappointing year so far for most steel producers, as Nucor (NYSE:NUE) has fallen about 5% year-to-date, while Commercial Metals has fallen more than 10%, ArcelorMittal (NYSE:MT) almost 16%, and Gerdau more than 23%. Steel Dynamics (NASDAQ:STLD)
had been doing comparatively okay, tracking close to Nucor before the
announcement of a potentially transformative acquisition and solid
second quarter earnings. Although Steel Dynamics shares don't leap out
as cheap right now, an improving steel market could support positive
estimate revisions and a higher stock price.
Read more here:
Improving Results, Markets, And Operations For Steel Dynamics
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