Steel Dynamics has experienced a very orderly rally off of its March low, but the stock has entered overbought territory. Like many other companies in the materials sector, Steel Dynamics has seen its
Crude steel production from China shot up 12.7% year over year to 92.2 Mt in October, easing from 92.6 Mt in September.
These manufacturers strengthened relative to their peers through the pandemic and are in position to take advantage of the growing need for infrastructure investments.
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