Nucor Corp. , the largest U.S. steelmaker, reported third-quarter profit that trailed analysts’ estimates because of lower-than-expected selling prices. The company said the current quarter may be more challenging.
The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry.
U.S. Steel Corp. , the country’s largest producer of the metal, rose the most in four weeks and bullish option trading jumped to a record on speculation that ArcelorMittal may be looking to purchase the company.
U.S. Steel Corp. , Nucor Corp. , Steel Dynamics Inc. and AK Steel Holding Corp. are at “attractive” prices and the stocks may rise if demand in China increases and the global economy avoids another slowdown, Barron’s reported.