Hammered US steel stocks at attractive level-Barron’s

NEW YORK, June 20 (BestGrowthStock) – Shares of U.S. steel
companies are undervalued after being battered in recent months
by global economic worries, Barron’s reported on Sunday.

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.

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(Reporting by Martinne Geller; Editing by Marguerita Choy)

Hammered US steel stocks at attractive level-Barron’s