Zacks Industry Outlook Highlights ArcelorMittal, Nucor, Steel Dynamics and L.B. Foster

The steel producers industry faces near-term headwinds from muted demand in China, weak residential construction, and automotive market slowdown. However, elevated steel prices and strong non-residential construction activity provide support. Four steel stocks are highlighted: L.B. Foster (Rank #2 Buy) with 134.8% expected earnings growth, ArcelorMittal (Rank #3 Hold) with 16.4% growth, Nucor (Rank #3) with 132.8% growth, and Steel Dynamics (Rank #3) with 114.5% growth.