June 20 (Reuters) – Shares of U.S. steel companies are undervalued after being battered in recent months by global economic worries, Barron’s reported on Sunday.
Stocks | Global Markets | Basic Materials
Assuming that steel demand does not collapse, Barron’s said steel stocks — such as United States Steel Corp (X.N), Nucor Corp (NUE.N), Steel Dynamics Inc (STLD.O) and AK Steel Holding Corp (AKS.N) — could rise 40 percent to 70 percent over the next year.
Even though steel stocks are volatile, Barron’s said they look tempting for long-term investors who think the economy is slowly healing. (Reporting by Martinne Geller; Editing by Marguerita Choy)
