InvestorQ : Why are steel stocks like Tata Steel and JSW Steel having the time of their lives?
Juvina Maggie made post

Why are steel stocks like Tata Steel and JSW Steel having the time of their lives?

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Deepa Salunkhe answered.
5 days ago
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Steel sector is having its time in the sun. A surge in global steel demand is driving prices higher. This is partly due to a global steel shortage as China and Russia are cutting steel exports to focus on domestic demand. Biden will spend his way out of the slowdown and EU wants to reach zero-emissions. Both are driving demand for steel. The US is likely to generate additional steel demand of 5 million TPA, giving hints of a super-cycle.

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