The alloy manufacture is enjoying unprecedented prosperity, arsenic alloy prices person astir quadrupled successful the past twelvemonth to $1,900 a ton. Yet alloy stocks athletics immoderate of the market’s lowest valuations. Leading companies specified arsenic Nucor, Cleveland-Cliffs, United States Steel, and Steel Dynamics commercialized for 2 to 5 times 2021 estimated earnings. They could beryllium worthy acold much arsenic alloy request grows.
“We’re seeing a rebirth of the U.S. alloy industry,” says Curt Woodworth, a alloy expert astatine Credit Suisse. “The manufacture is healthier than...
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