US Steel: How Long Can Steel Prices Defy Gravity?
October 20, 2014 at 13:41 PM EDT
The bear case on steel stocks like US Steel (X) and AK Steel (AKS) has been that lower iron-ore prices would ultimately lead to lower steel prices. That hasn’t happened yet, but JPMorgan’s Michael Gambardella and team haven’t given up hope. Agence France-Presse/Getty Images They explain why they favor Steel Dynamics (STLD) and Nucor (NUE) [...]