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Nucor vs. Steel Dynamics: Which Steel Stock is a Better Buy?

Stock MarketsJun 11, 2021 12:31PM ET
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© Reuters. Nucor vs. Steel Dynamics: Which Steel Stock is a Better Buy?

Many steel stocks have seen their shares rise as of late due to increased industrial activity and the potential infrastructure legislation. Two steel stocks, in particular, Nucor Corporation (NYSE:NUE) and Steel Dynamics (NASDAQ:STLD), are intriguing plays on the industry. But which is a better buy? Read more to find out.Steel stocks are garnering attention from investors now that we are on the cusp of infrastructure spending. The reopening of the economy will also be a boon to the steel industry.

Though investing in steel stocks and other infrastructure-oriented companies is not the sexiest investment, it has the potential to be profitable. What matters most is timing and selection. Ideally, investors will scoop up a couple of steel stocks at the right time and hold them through the pending infrastructure boom.

Let's shift our attention to two specific infrastructure stocks that have the potential to be worthy of your investing dollars: Nucor Corporation (NUE) and Steel Dynamics (STLD).

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Nucor vs. Steel Dynamics: Which Steel Stock is a Better Buy?
 

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