SOURCE: The Bedford Report

The Bedford Report

December 22, 2010 11:25 ET

Steel Stocks Poised for Strong 2011

The Bedford Report Provides Analyst Research on Steel Dynamics & Nucor

NEW YORK, NY--(Marketwire - December 22, 2010) - Steel demand and production have improved nicely in the past year due to increased government support and more balanced demand. The rebound in demand has been largely attributed to -- at least in the US -- stronger auto and non-residential construction sectors. China posted a significant surge in steel imports last month; however stricter measures may reduce the nation's demand going forward. The Bedford Report examines the outlook for companies in the Steel Industry and provides research reports on Steel Dynamics Inc. (NASDAQ: STLD) and Nucor Corporation (NYSE: NUE). Access to the full company reports can be found at:

Last week, The China Iron & Steel Association (CISA) said in its monthly report that the nation's steel demand will be affected by a number of measures taken by China to stall inflation. "Steel prices will continue to remain volatile within a narrow range on weak demand in the winter season," CISA said. The association added that "while long steel product prices will continue rising due to relatively rapid growth in demand compared with flat products."

The Bedford Report releases regular market updates on the Steel Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

Steel industry experts expect steel prices to increase by $25-30 per tonne in the next three to four months, aided by growth in the auto sector. It is estimated that car production could increase by as much as 50 percent in the coming years as demand for automobiles picks up. This is welcome news for the steel industry as the automotive sector historically used around 20% of the United States production supply.

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