Steel Stocks Break Out: X, NUE, AKS
February 15, 2011 at 12:33 PM EST
Steel stocks are surging today on the back of renewed optimism for the global economy. China’s inflation numbers overnight, showed signs that may halt the governments need to raise interest rates so aggressively. This is bullish for growth expectations in China. With growth comes commodity price increases. United States Steel Corporation (NYSE:X), Nucor Corporation (NYSE:NUE) [...]