Notable companies
The most notable companies in this group are Nucor Corp (NYSE:NUE), ArcelorMittal (NYSE:MT), United States Steel Corp (null:X), Cleveland-Cliffs (NYSE:CLF).
Industry description
The steel industry includes manufacturers of steel and steel-related products. Companies use iron ore and scrap steel to produce steel. The industry also includes companies involved in mining and marketing of steel products. Along with serving some of the domestic markets, U.S. steel output has, over the years, been used by international economies as well. Competition from imported steel has also increased over time. The industry could be susceptible to business cycles, since the element is an important input in industrial production. Some of the globally-renowned steel behemoths include Nucor Corporation, Vale, and ArcelorMittal SA.
Market Cap
The average market capitalization across the Steel Industry is 5.04B. The market cap for tickers in the group ranges from 39.16K to 32.04B. NUE holds the highest valuation in this group at 32.04B. The lowest valued company is ADTC at 39.16K.
High and low price notable news
The average weekly price growth across all stocks in the Steel Industry was 3%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 9%. CLF experienced the highest price growth at 24%, while LUD experienced the biggest fall at -19%.
Volume
The average weekly volume growth across all stocks in the Steel Industry was -7%. For the same stocks of the Industry, the average monthly volume growth was -31% and the average quarterly volume growth was 106%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 24
P/E Growth Rating: 37
Price Growth Rating: 56
SMR Rating: 80
Profit Risk Rating: 68
Seasonality Score: 11 (-100 ... +100)