JPMorgan: Sell US Steel, Ak Steel, Buy Steel Dynamics, Nucor

JPMorgan’s Michael Gambardella and Tyler Langton see tough times ahead for steel stocks, especially integrated steel companies like AK Steel (AKS) and U.S. Steel (X): Reuters …we remain cautious on the metals & mining sector as we believe that a strong dollar and weak oil prices will continue to weigh on demand (and prices) for most metals [...]