Steel (integrated) industry

Article Abstract:

Capital and consumer demand for steel industry products in the US remains high in the 1st qtr of 1999, but ailing economies in Asia and Latin America are having a negative impact on the globalized industry. Profitability is being hampered by lower utilization and pricing and import problems, and the industry will have to expand product lines and cut costs to remedy the situation. There are several stocks in this industry that are appropriate for risk-tolerant investors even though many cyclical problems remain.

Bethlehem Steel Corp., Dofasco Inc., LTV Corp., U.S. Steel Group, AKS, BS, LTV, AK Steel Holding Corp., British Steel PLC

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Steel (general) industry

Article Abstract:

Economic growth in the US has begun to decelerate due to the difficulties in SOuth America, Russia, and the Pacific Rim, and this has had an effect on the steel industry. Profits have weakened in the 2nd half of 1998, and the industry has had to reshuffle some of its assets. However, the fundamentals for industry earnings remain sound for the next three to five years, and investors should find several of these stocks inviting.

Nucor Corp., Ampco-Pittsburgh Corp., Birmingham Steel Corp., Carpenter Technology Corp., Cleveland-Cliffs Inc., Commercial Metals Co., Great Northern Iron Ore Properties, Oregon Steel Mills Inc., Quanex Corp., Steel Technologies Inc., Worthington Industries Inc., AP, BIR, CRS, CLF, CMC, GNI, NUE, OS, NX, STTX, WTHG, Armco Inc., AS

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