Commodity stocks can be frustratingly counter-intuitive during recoveries, as it is often the inferior companies that outperform. I don't know if anybody will argue that Nucor (NYSE:NUE) isn't the best-run steel company in the business (or at least very near the top), but over the past year, the shares of AK Steel (NYSE:AKS) and U.S. Steel (NYSE:X) have dramatically outperformed Nucor.
This year has been a little more frustrating, though, and Nucor has been outperforming on a relative basis - just barely negative, while Steel Dynamics (NASDAQ:STLD), AK Steel, U.S. Steel, and ArcelorMittal (NYSE:MT) have fallen around 5% to 15%. Nucor doesn't immediately jump out as a cheap stock on...
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