Date updated:03-26-2008
Steel stocks are breaking out and becoming a steal as global supply becomes scarce. So which names are leading the pack?

-
X
United States Ste - $44.66
- +3.74%
- $44.55
Steel, unlike gold, is a true commodity, Guy Adami said. Steel companies have pricing power and can benefit from strong global demand. U.S. Steel (X) which Goldman Sachs just upgraded to ‘buy’ from ‘neutral’ could go as high as $150 on this thesis, according to Guy.

-
RIO
Rio - $0.00
- N/A
- $N/A
Tim Seymour agreed that the infrastructure and global build out boom is far from over. In addition to the steel names, he sees buying opportunities in iron ore – particularly Vale (RIO)

-
MT
Arcelor Mittal Ne - $39.27
- +1.74%
- $39.09
Seymour said Arcelor Mittal (MT) was another name to watch

-
MEE
Massey Energy Co - $37.66
- +0.19%
- $37.78
Najarian noted that coal stocks have been badly beaten. He suggested that viewers take a look at Massey (MEE).
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A. The only one I own : SLX,
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