The current economic cycle has been, in a word, unusual. Housing stocks have remained strong even as banks have failed and mortgage rates have skyrocketed. Infrastructure stocks have done very well, and there is currently a bidding war breaking out over U.S. Steel (X). And consolidation in the steel industry should further lift the industry which has several stocks trading near all time highs.
One steel stock which may not be on your radar, but should be, is Ternium (TX). Ternium trades as an ADR, and though headquartered in Luxembourg, focuses on the Central and South American steel markets. The company has 18 production centers across several countries, including the U.S., and 2 mining facilities in Mexico.
