In recent years, steel has experienced increased demand from the automotive, manufacturing, and consumer goods industries due to its high durability and malleability. Considering the favorable industry backdrop, investors seem to be buzzing about the fundamentally sound steel stocks Nucor Corporation (NUE), Commercial Metals Company (CMC), and Friedman Industries, Incorporated (FRD).
But before delving into the fundamentals of these stocks, let’s look at the core catalysts driving the steel sector’s growth.
