Nucor Corporation (NUE): Can It Overcome the Struggling Steel Market?

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Still, strength in the automotive sector could help pull Nucor out of its funk. Steel Dynamics, Inc. (NASDAQ:STLD) said last month that despite flat overall earnings expectations, automotive sheet steel was fairly strong, as were supplies for railroads and for home and commercial construction. Nucor is also well-positioned to take advantage of those trends, especially if Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) can continue to do well.

In Nucor’s earnings report, watch for the company to talk about any signs of rising industrial activity both in the U.S. and abroad. Even with so many investors focusing their attention squarely on China, you can’t afford to ignore domestic considerations in assessing Nucor Corporation (NYSE:NUE)’s future prospects.

The article Can Nucor Overcome the Struggling Steel Market? originally appeared on Fool.com.

Motley Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Ford, General Motors, and Nucor. The Motley Fool owns shares of Ford.

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