Based on the current market cap of around $170 billion, this implies a nearly sixfold increase in the company's value. Read More...
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Top Steel Stocks for Q2 2022
The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Although steel historically has been a major U.S. industry, the number of steel mills that produce the metal has declined sharply in the past several decades due to foreign competition. The World Steel Association forecasts that steel demand will continue to increase this year, but at a much slower pace, rising 2.2%.
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