4 Steel Stocks to Buy for a Historic Infrastructure Boom
8/31/2021 6:00am EDT
By Faisal Humayun
Steel stocks were once king in America. Over recent years, though, the economy of the United States has been driven by the consumption and services sector. However, it seems that the next decade will witness a revival of the manufacturing and infrastructure sector. This is critical as the economy needs a finer balance between production and consumption. With the $1 trillion infrastructure bill likely to pass the final hurdle, infrastructure-related stocks have been surging. Steel stocks have already witnessed a strong rally in the last 12-months and more upside seems likely with multi-year positive tailwinds on the cards. My point is backed by the prediction from UBS (NYSE:UBS) that steel prices will continue to surge in 2022. This would imply higher revenue, EBITDA margin and cash flows for steel producers. It’s also worth noting that steel companies are also likely to benefit from the boom in the electric vehicle and renewable energy industries. Let’s therefore talk about four steel stocks that seem to be best positioned to benefit from the impending historic infrastructure boom.
News 
Market Data 
Discover 
