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Tags: barrons | us | steel | producers | commodity | shares | stock

Barron's: 4 Stocks That Could Rally With Steel

Barron's: 4 Stocks That Could Rally With Steel
(Niroworld/Dreamstime)

Monday, 18 March 2019 08:34 AM EDT

Several U.S. steel company shares could rally along with a rise in the commodity’s price, according to an article in Barron’s that also urged caution on the stocks because of historical volatility.

The price of steel has climbed to $703 per net ton, and some analysts expect it to reach near $800 or above in the next year, according to Barron’s.

The article pointed U.S. Steel Corp. (X) as the pick among big producers but urged investors to stick with a one-year time horizon and to watch steel and iron prices.

Commercial Metals Co. (CMC) and Steel Dynamics Inc. (STLD) were other inexpensive stocks that benefit from defensive positions as low-cost producers, according to the article.

A pricier option is Nucor (NUE). "It’s a low-cost, scrap-based steel maker, too, but it trades at a higher valuation," Barron's said.

© 2024 Thomson/Reuters. All rights reserved.


InvestingAnalysis
Several U.S. steel company shares could rally along with a rise in the commodity’s price, according to an article in Barron’s that also urged caution on the stocks because of historical volatility.
barrons, us, steel, producers, commodity, shares, stock
138
2019-34-18
Monday, 18 March 2019 08:34 AM
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