This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Steel Stocks With Upside

NEW YORK ( TheStreet) -- Global crude steel production increased 5% year-over-year to 127 million metric tons in April 2011, the World Steel Association (WSA) reports. Among major steel producing countries, South Korea recorded the highest growth of 15.9%, while India and China followed at 8.6% and 7.1%, respectively.

Meanwhile, April crude steel production increased in the U.S. by 2.1% year-over-year. Furthermore, the WSA reports that global crude steel capacity utilization ratio was 82.8%, up 0.9 percentage points from March 2011.

With China's steel production touching a record 2 million tons per day, the country's steel demand is expected to escalate by an average 10% over the next few years. China Iron and Steel Association expects domestic demand for crude steel to range between 670 million and 750 million metric tons by 2015.

Moreover, China and India are likely to witness stronger steel production and consumption growth in 2012, based on rapidly growing economies. India's steel consumption is projected to increase by 14% and 15% in 2011 and 2012, respectively.

At a recent Bureau of International Recycling (BIR) World Recycling Congress, it was noted that steel and ferrous scrap industries are stable and healthy. Blake Kelley of Sims Group Global Trade Corporation said that world steelmakers are on track to produce 1.54 billion tons of steel in 2011, up 111 million tons from 2010 levels.
1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ATI $16.34 0.00%
CRS $35.41 0.00%
MUSA $57.42 0.00%
NUE $49.78 0.00%
STLD $25.21 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs