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Company: Nucor (NUE)
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edit Economic slowdown has decreased demand for steel

Top Contributor: Charles Colon | Created when NUE was $59.93 | Edit | History

Recent turmoil in the U.S. Housing Market including the subprime credit crisis in addition to continuing trouble in the U.S. Auto Industry has led to decreased demand for steel.

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edit High costs could drive up prices even further

Top Contributor: Charles Colon | Created when NUE was $59.93 | Edit | History

Nucor relies on scrap steel for its production. Historically high scrap steel prices have persisted through 2006 and global demand for scrap steel may continue to increase which could drive prices up even further.

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edit Imports from China hurting the domestic market

Top Contributor: Charles Colon | Created when NUE was $59.93 | Edit | History

Continuing imports of foreign steel, especially from China , has led to further decreases in demand for domestic steel.

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