GO
Loading...

Steel Shortage

Steel stocks are breaking out and becoming a steal as global supply becomes scarce. So which names are leading the pack?

Steel, unlike gold, is a true commodity, Guy Adami said. Steel companies have pricing power and can benefit from strong global demand. U.S. Steel , which Goldman Sachs just upgraded to ‘buy’ from ‘neutral’ could go as high as $150 on this thesis, according to Guy.

Tim Seymour agreed that the infrastructure and global build out boom is far from over. In addition to the steel names, he sees buying opportunities in iron ore – particularly Vale .

Pete Najarian would extend it further to the coal names, which, even though they’ve taken a beating as of late, have the opportunity to come back on the heels of the steel bull market.

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report

  • Bill Nygren, Oakmark Fund, explains why Apache, Bank of America and Google will be winners in 2015.

  • Nick Tiller, Sustainable America founder and chairman, tells CNBC's Kate Kelly oil prices are poised for a tradable rally. Tiller likes the Brent ETF and energy sector.

  • Discussing interesting trends contributing to the market's rally into year's end, with the FMHR trader Josh Brown and Dan Greenhaus, BTIG.