Citi downgrades Nucor, says infrastructure news is already priced in

thumbnail
Jesse Pound@/in/jesse-pound@jesserpound
WATCH LIVE
Bundles of steel from Nucor Corporation sit for sale at Thompson Building Materials in Lomita, California, on Aug. 30, 2012.
Patrick Fallon | Bloomberg | Getty Images

It's too late for investors to get big returns from Nucor ahead of major infrastructure spending in the U.S., according to Citi.