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Mark Parr, a steel analyst for KeyBanc Capital Markets, said the next year is prime time to stock up on steel.
“We think this continues to be a very fertile place for solid capital gains,” Parr said.
With the Dow Jones steel index increasing 40 percent in the last year and 5 percent in the last month, Parr offered a few of his stock picks to get in on the trading action.
Recommendations:
Nucor's [NUE
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] stock has increased 27 percent in the last year. Look to Nucor on the large-cap side because it is has been behind other steel companies, Parr said.
U.S. Steel's [X
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] stock has increased 71 percent in the last year. Vertical integration is the best strategy for the steel industry, Parr said.
Reliance Steel & Aluminum's [RS
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] shares have increased 31 percent in the last year. A shortage in raw materials is another reason steel is a hot pick right now, Parr said. General industrialization will keep the demand high.
Olympic Steel [ZEUS
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] stock has increased 161 percent in the last year. Look to Asia for increased demand, Parr said.
Steel Dynamics [STLD
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] stock has increased 83 percent in the last year.
Disclosures:
Disclosure information was not immediately available for Mark Parr and his company.



