Steel demand has been under pressure since last year due to persistent inflation, high-interest rates, and the lockdowns in China. However, as inflation eases and with the end of the Fed’s interest rate hikes in sight and China reopening its economy, steel demand could rebound.
To that end, it could be wise to invest in fundamentally strong steel stocks Reliance Steel & Aluminum Co. (RS) and Voestalpine AG (VLPNY).
