Financial Review on Basic Materials Stocks Nucor Corp. and Mechel OAO -- Steel & Iron Weakening on Tepid Demand
NEW DELHI, INDIA -- (Marketwire) -- 11/01/12 -- The steel & iron industry, which includes industry players such as Nucor Corporation and Mechel OAO, has been facing a number of headwinds recently. Increasing raw material prices are a major concern, and the industry is also contenting with oversupply issues. The Steel & Iron industry has seen the above updates lately. And members can today access complimentary reports for two companies, Nucor Corporation (NYSE: NUE) and Mechel OAO (NYSE: MTL), serving this industry by following this link
http://www.street-wire.com/register.php
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In the U.S., uncertainties surrounding the economy and the upcoming election have kept many customers on the fence, as they take a wait and see approach before making any major purchases. While the economy has been showing some signs of recovery, it could be some time before customers are convinced. Nucor Corporation financial analysis available by signing up for free at
http://www.street-wire.com/NUE01112012.pdf
Companies in the industry with a broad geographical reach could be better positioned to deal with the trying times, though select foreign markets are also having their fair share of hurdles. The Eurozone continues to slog through its own economic hardships, and a slowdown in China could also hurt demand. China does have a number of measures in place to try and jump-start its economic growth though, and a recovery there could go a long way for the industry and the macroeconomic climate as a whole. Street-Wire.com posted financial analysis on Mechel OAO today, members can access it at
http://www.street-wire.com/MTL01112012.pdf
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