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A recently approved $1 trillion Senate infrastructure plan is expected to drive the steel industry’s growth because steel is widely used for construction. Rapid development in urban centers and other infrastructure initiatives are expected to drive Steel companies’ growth.
Given the industry’s solid growth prospects, we think quality steel stocks, Tata Steel Limited (TATLY), Companhia Siderúrgica Nacional (SID), and Mechel PAO (MTL), which are currently trading below $10, could be ideal bets now.
