Nucor Corporation (NUE)

<b>Nucor Corporation </b> (<a href=http://www.zacks.com/stock/quote/nue>NUE</a>), the nation&#39;s largest recycler of steel scrap, is suffering from continued low operating rates and high-cost pig iron inventories. Moreover, a slowdown in demand from the automobile sector and increased production in China are matters of concern. <p> Long-term contracts, cost reduction efforts and a dominant acquisition strategy could be positives in the company&#39;s performance in the coming quarters. Nucor&#39;s strong balance sheet positions the company well for the long term, but the near-term headwinds in the end-markets are likely to make it difficult for the stock to outperform. <p> As such, we downgrade Nucor to Underperform from our previous Neutral recommendation.

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