3 Stocks to Avoid as United States Steel Corp. Warns of a Slowdown

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In addition, the debt crisis involving a major Chinese property developer has hit the performance of the world’s second-largest economy’s steel sector, which is expected to affect the global scene given China’s dominance. With X having already issued a warning about a downturn for the steel industry, the segment remains volatile.

Therefore, we think it could be wise to avoid fundamentally weak steel stocks Nucor Corporation (NYSE:NUE), POSCO (PKX), and Tenaris S.A. (TS) now.

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