4 Top Steel Stocks for a U.S. Infrastructure Expansion
The highly cyclical steel industry received a boost recently with the unveiling of President Trump's new infrastructure plan, with an emphasis on expanding industry and creating jobs. Not only is the plan to expand infrastructure a lift for the industry, but the President's focus on utilizing American-made steel gives certain companies an advantage over the competition -- mainly, Chinese steel.
Steel is a fairly saturated industry, so it might be hard to pinpoint which companies are poised to run away from the pack with the impending industrial developments. U.S. companies, like Nucor Corporation (NYSE: NUE), Steel Dynamics (NASDAQ: STLD), and United States Steel Corporation (NYSE: X), are in a prime position to reap the benefits of a new American infrastructure plan. That being said, international stalwarts like ArcelorMittal (NYSE: MT) still have a huge role in industrial expansion in the U.S. and in China.
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Source: Fool.com
