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3 Solid Steel Stocks to Bet on Despite the Slump in Prices
CRSCarpenter(CRS) ZACKS·2024-06-21 21:25

The steel industry, a pillar of industrial growth, is hamstrung by significant challenges as steel prices have experienced a sharp decline on a slowdown in end-market demand. Notably, U.S. steel prices have seen a significant downward correction this year after a strong run in late 2023 that extended into early 2024. Despite the industry's downturn, a few stocks are holding up well and look poised to run further. L.B. Foster Company (FSTR) , Carpenter Technology Corporation (CRS) and Gerdau S.A. (GGB) fit t ...