The Smartest Steel Stocks to Buy With $2,000 Right Now
Tariffs come and tariffs go. And creative businesses often find ways around tariffs. In the long term, investors probably shouldn't focus too much attention on tariffs and, instead, should focus on the quality of the businesses they buy. But investors are emotional and the excitement around the steel tariffs being floated today have pushed up the stock prices of the major domestic steel producers.Here's why Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD) are the smartest steel stocks to buy if you have $2,000 or $20,000 right now. And it has nothing to do with tariffs.There are two basic ways to make steel. There are blast furnaces, which make primary steel, and electric arc mini-mills, which melt down scrap steel to make fresh steel out of it. Blast furnaces are an older technology that is very profitable when steel is being made in large quantities. So in high-demand environments blast furnaces are attractive.Continue reading
Tariffs come and tariffs go. And creative businesses often find ways around tariffs. In the long term, investors probably shouldn't focus too much attention on tariffs and, instead, should focus on the quality of the businesses they buy. But investors are emotional and the excitement around the steel tariffs being floated today have pushed up the stock prices of the major domestic steel producers.
Here's why Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD) are the smartest steel stocks to buy if you have $2,000 or $20,000 right now. And it has nothing to do with tariffs.
There are two basic ways to make steel. There are blast furnaces, which make primary steel, and electric arc mini-mills, which melt down scrap steel to make fresh steel out of it. Blast furnaces are an older technology that is very profitable when steel is being made in large quantities. So in high-demand environments blast furnaces are attractive.
