SOURCE: Wall Street Equity Research

Wall Street Equity Research

October 06, 2010 09:05 ET

Professional Research on Nucor Corporation and Commercial Metals Company -- What's in Store for Steel Makers in Q3 2010?

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 6, 2010) - allows shareholders to gain full understanding of the economic and market forces influencing the steel & iron industry, and offers free research on industry players Nucor Corporation (NYSE: NUE) and Commercial Metals Company (NYSE: CMC). Register today at to receive free research reports on these companies.

The total global demand for steel is anticipated to rise to 1.27 billion tons this year. This new record has been led primarily by more speedily recovering emerging markets. However, it is expected that demand will slow during the following years for several factors. is a specialized website where investors can have complete access to free reports on the steel & iron industry; traders looking for analyst opinions on Nucor Corporation, Commercial Metals Company and other players in the industry are welcomed to sign up for a free one year membership at

First, demand in Europe and Russia has been curtailed due to economic woes and isn't expected to recover any time soon. Second, China, the key player in the global steel industry, is also cutting back its usage in an attempt to protect its booming economy by limiting infrastructure spending and real estate development. Steel growth in China should slow to 3.5% in 2011 compared to 6.7% in 2010 and 24.8% in 2009. Visit us at to understand the catalysts and forces driving or affecting steel & iron stocks.

The slowing demand for steel poses a major problem for the Steel and Iron industry as high levels of production and low demand will adversely affect prices. Some steel producers are considering cuts in production levels though cutbacks' efficacy would hinge on industry wide participation which may have questionable legality.

Elsewhere, an increase in Iron Ore prices is expected to hurt some steel producers' profits in Q3. With Nucor Corporation and Commercial Metals Company due to release their financial results in October, it will be interesting to see how their earnings would be impacted. Shareholders and investors can sign up today at or to download the full reports on Nucor Corporation and Commercial Metals Company.

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