Short-term Underperformance Detected in Shares of Steel Dynamics in the Steel Industry (STLD, NUE, X, CRS, MT)

Print Share

Dec 07, 2012 (Fast Lane via COMTEX) -- Below are five companies in the Steel industry that underperformed yesterday on a relative basis. This analysis was compiled based on yesterday's trading activity as we search for stocks that have could possible underperform its peers going forward.

Steel Dynamics (NASDAQ:STLD) ranks first with a loss of 1.70%; Nucor (NYSE:NUE) ranks second with a loss of 0.32%; and U.S. Steel (NYSE:X) ranks third with a loss of 0.27%.

Carpenter Technology (NYSE:CRS) follows with a loss of 0.19% and ArcelorMittal (NYSE:MT) rounds out the bottom five with a loss of 0.13%.Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill, as well as a cold mill. The Company is also constructing a plant for the manufacture of direct reduced iron. Steel Dynamics's customers include intermediate steel processors, steel service centers, and end users such as manufacturers of cold-rolled strip.


Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit today.

Copyright, Comtex News Network, Inc. 2012

Free Stock Analysis From Zacks

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.