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Since steel is widely used in construction and manufacturing activities, the potentially transformative investment opens enormous potential and development prospects for the industry. In addition, with the post-pandemic reopening of the economy, a substantial rise in construction and industry activities should propel the demand for steel. Indeed, the global steel market is expected to reach $1.01 trillion by 2025, representing a 2.6% CAGR. Given this solid backdrop, we believe shares of steel companies Hillenbrand Inc. (HI) and Boise Cascade L.L.C (BCC) are attractively cheap at their current price levels. Therefore, investing in these stocks could be rewarding.
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