Why Nucor, Cleveland-Cliffs, and Ferroglobe Shares Crashed Today
Metals stocks, particularly steel stocks, had a rough start to the week. Notable losers by the end of trading on Monday included:
Concerning news from China weighed on all these stocks, but it wasn't just the China Evergrande Group (OTC: EGRNF) development.
Blue chip stocks like Nucor often tend to move in the direction of the broader market any given day. But Monday drove Nucor and other stocks lower for two reasons: a market sell-off and negative developments in the steel industry.
Source Fool.com
