Here's Why the Best Is Yet to Come for Nucor Corporation

Nucor Corporation (NYSE: NUE) managed through a steep steel industry downturn better than most peers, including United States Steel Corporation (NYSE: X) and AK Steel (NYSE: AKS). But it did more than just survive, and that sets Nucor up for a bright future.

Not surprisingly, demand for steel dipped after the 2007 to 2009 recession, pushing most major U.S. steel makers into the red. That included Nucor, which lost $0.94 a share in 2009. Shortly after that, foreign imports started to flood into the market at prices that U.S. mills believed to be below production costs (also known as dumping). That prolonged the steel downturn despite relatively solid domestic steel demand.

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Source: Fool.com