High inflation, rising interest rates, and fears of a recession affected steel demand last year. However, demand is expected to grow amid the reopening of the Chinese economy, easing inflation, and the focus of the U.S. government on improving infrastructure.
Amid this backdrop, it could be wise to buy fundamentally strong steel stocks ArcelorMittal S.A. (MT), Commercial Metals Company (CMC), and Aperam S.A. (APEMY).
