The worldwide oversupply of steel is generating losses for steel producer ArceloMittal, and cutbacks for U.S. Steel. As a result of the glut in steel, prices plunged to 2008 recession levels. Steel products companies obviously use it as a major input, so they benefit from low steel prices. Their products are used in construction and manufacturing, which are on an upswing – as a result of the growing economy. Therefore, steel product companies stand to reap substantial benefits. Here are some of the best steel companies TheStreet Quant Ratings says you should consider looking at. Number 4 is Commercial Metals. With a ‘B’ rating, the company’s strengths can be seen in its compelling growth in net income and notable return on equity. 3rd is, Steel Dynamics. This rating is also a ‘B.’ Steel Dynamics thrives in its solid stock price performance and good revenue growth. Number 2 is Nucor Corporation. This too is a ‘B’ rating. The company flourishes in its cash flow from operations and increase in net income. Number 1 is Reliance Steel & Aluminum. With a ‘B+’ rating, the company’s strengths can be seen in its good revenue growth and increase in net income. TheStreet Ratings are algorithmic stock picks based on 32 major data points. S&P 500 stocks rated ‘buy’ yielded a 16-and-a-half-percent return in 2014, beating the S&P 500 Total Return Index by more than 300 basis points. For the full reports on these stocks, you can check out TheStreet.com/QuantRatings.
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