How to Buy Steel Stocks
For investors seeking to establish exposure to steel, purchasing stock of companies involved in the production of this resource may be an appealing strategy. Because profitability of these companies will generally increase when steel prices rise, this approach can deliver access to steel prices without the complexities of a futures-based strategy.
There are a wide variety of publicly-traded steel companies engaged in a number of different aspects of the industry, including including the operation of manufacturing mills, fabrication of steel products, or the extraction and reduction
of iron ore.
Publicly-traded steel companies include:
- Arcelor Mittal (MT)
- Steel Dynamics (STLD)
- United States Steel Corp (X)
- Schnitzer Steel (SCHN)
- Ternium SA (TX)
For a more complete list of steel companies, see: