Steel Stocks Hitting New Highs

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Steel stocks are some of the biggest gainers in the past two months. After a few months of flatness, many steel stocks are finally surging and hitting new highs.

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A good benchmark for steel prices is the Dow Jones US Steel Index, which tracks major steel producers. We can see in the chart below how the index reached yesterday a new two-year high after a very bullish move.

 

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