Why Long-Term Investors Should Prefer Nucor Corporation over United States Steel Corporation
The steel industry is a deeply cyclical sector. The last downturn was particularly difficult, as it was both deep and long. It also provided the perfect backdrop for why U.S. steel industry giant Nucor Corporation (NYSE: NUE) is a better option for long-term investors than United States Steel Corporation (NYSE: X). Here's what the downturn taught us.
The last downturn started after the 2007 to 2009 recession. In 2009 almost every major steel mill with U.S. exposure lost money, with the notable exception of globally diversified ArcelorMittal SA. Both Nucor and US Steel dipped into the red. But what happened in the following years was, perhaps, more interesting. Nucor quickly got back into the black in 2010 and stayed there. US Steel has lost money in seven of the last eight years.
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Source: Fool.com
United States Steel Corp. Aktie
Die Community bevorzugt United States Steel Corp. mit mehreren Buy-Einschätzungen und keinen Sell-Einschätzungen.
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