4 Steel Producer Stocks to Ride the Booming Industry
The Zacks Steel Producers industry has staged an impressive comeback from the coronavirus-led slump, thanks to a strong revival in demand across major steel-consuming industries and a significant upswing in steel prices.
Surging demand for steel in the key end-markets such as automotive and construction represents a tailwind for the industry. Demand in China also remains strong on the back of government stimulus. Moreover, steel prices are shooting higher on soaring demand, higher input costs and supply constraints. ArcelorMittal (MT), Nucor Corporation (NUE), Steel Dynamics, Inc. (STLD) and Schnitzer Steel Industries, Inc. (SCHN) are well placed to gain from these trends.
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Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report
Schnitzer Steel Industries, Inc. (SCHN) : Free Stock Analysis Report
Nucor Corporation (NUE) : Free Stock Analysis Report
ArcelorMittal (MT) : Free Stock Analysis Report
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