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On the other hand, the Senate’s passage of the $1 Trillion Infrastructure Bill, which allotted $550 billion to improve and develop America’s infrastructure over the next five years, should add to steel demand.
Given this healthy global demand and rising prices, it could be wise to bet on fundamentally sound steel stocks Nucor Corporation (NYSE:NUE), Ternium S.A. (TX), Reliance Steel & Aluminum Co. (RS), and Commercial Metals Company (NYSE:CMC).
