Steel is a black sheep of the stock market family. Unlike pharma, banking and IT stocks; steel rarely gets mentioned in the news and media. But like all the black sheep, steel has turned the table around and has made everyone take note of it. The turn of events of last few quarters coupled with government’s policies has brought good days for the steel stocks. If the buzz is anything to go by, then it seems that steel stocks hold quite a promise for the investors in the near and long-term future.
But we don’t go by buzz and hearsay, we believe in analysing stocks and sectors to the last detail. So let’s get rolling and try to find out what are the things which are making steel shine so bright.
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