Top Ranked Momentum Stocks to Buy for January 12th
The steel industry is on an upward trajectory on rising demand across critically important end-markets, surging prices and prospects of infrastructure stimulus.
We have narrowed down our search to five momentum stocks that have witnessed robust earnings estimate revisions in the last 7 to 30 days. These are: MT, UI, RIO, GM, LBRDA.
Demand for steel looks poised to improve on an expected rebound in vehicle production and expansion in manufacturing, making it wise to invest in names like ArcelorMittal (MT) and Olympic Steel (ZEUS)
ArcelorMittal's (MT) subsidiary ArcelorMittal Dofasco adds additional capability in Canada to make Alusi coated Usibor Press Hardenable Steel for automotive applications.
Japan's Nippon Steel Corp and ArcelorMittal SA will spend $775 million to build an electric arc furnace at their U.S. joint venture in Alabama, with a planned start date in the first half of 2023, Nip

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Why ArcelorMittal Stock Popped Today

01:57pm, Tuesday, 15'th Dec 2020
Steel demand is booming, and a French bank offers Arcelor an upgrade.

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