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Top Steel Stocks

Stockpickr Staff

05/19/09 - 10:35 AM EDT
Steel, an essential element for world growth, plays a critical role in both developed and developing nations' strategies to improve infrastructure and domestic transportation systems. In fact, from 2000 to 2007, world steel demand increased by 6% a year; for an almost 50% increase in world demand in just eight years.

According to the World Steel Association, the largest steel producers are:

  1. ArcelorMittal(MT Quote), 116 million metric ton
  2. Nippon Steel, 35 million metric tons
  3. JFE Holdings, 34 million metric tons
  4. Posco(PKX Quote), 31.1 million metric tons
  5. Shanghai Baosteel Group, 28.6 million metric tons
  6. Tata Steel, 26.6 million metric tons
  7. Anben Iron and Steel Group, 23.30 million metric tons
  8. Shagang Group, 22.9 million metric tons
  9. Tangshan Iron & Steel Group, 22.8 million metric tons
  10. United States Steel(X Quote), 21.5 million metric tons

So which steel stocks should investors be looking at?

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