Materials Stocks at Low Are Seen Too Expensive

Materials Stocks at Low Are Seen Too Expensive

Rich Press/Bloomberg

CSN, a Sao Paulo-based steelmaker, tumbled 33 percent this year while Usinas Siderurgicas de Minas Gerais SA, based in Belo Horizonte, sank 19 percent as demand slowed for the material used in cars and home appliances.