Why United States Steel Stock Soared Higher in March
The United States finally appears to be getting serious about addressing its aging infrastructure, and that has investors excited about U.S. Steel (NYSE: X). Shares of the steel giant climbed 57.6% in March, according to data provided by S&P Global Market Intelligence, in anticipation of growing government demand.
Elected officials have been talking about infrastructure for a generation, but investors are buying into President Joe Biden's plan to rebuild American roads, ports, and bridges and update transit systems. Biden in March rolled out a nearly $1 trillion plan to modernize U.S. infrastructure, and it should mean a lot of added demand for steel.
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Source Fool.com
