After a year and a half of being in the doghouse, the American steel industry has finally bounced back. With stocks like Nucor and Steel Dynamics on fire, Jim Cramer decided to take a closer look to determine if the rebound in steel is real.
The steel group reached a multi-year high in 2014, but then quickly fell off a cliff until the end of last year. The declines stemmed from many marginal buyers of steel — namely emerging market countries such as Brazil and China — suffering from an economic slowdown.
A major game changer came forward about a month and a half ago when the Obama administration attempted to stop the flood of cheap Chinese steel. In early February, Congress passed the new customs and trade enforcement bill, which gave the president authority to take action against China's dumping of state-subsidized goods.
On March 1, the commerce department announced it would add import duties on cold-rolled steel from seven countries, including China.
"Call that protectionist if you want to, I say it is smart policy and one of the most pro-business things President Obama has done since taking office," Cramer said.
Read More Cramer: Obama just changed the game for steel
For those investors looking to beat the S&P 500, Glassdoor could have the answer.
Glassdoor is the rapidly growing privately held online job and recruiting marketplace. Its goal is to help people find jobs they love, while creating transparency surrounding topics like salaries.
On National Equal Pay day Tuesday, Jim Cramer spoke with Glassdoor's co-founder and CEO Robert Hohman.
"I think where you go to work is probably one of the most important decisions that you will make. When people make a bad decision, it is bad for them. When companies make a bad decision, it is really expensive for companies," Hohman said, "People make bad decisions all the time because there is not enough information and data to help make better decisions."
Read More Satisfied employees help to beat the S&P: CEO
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Sirius XM: "I've liked this because it's a play on both new and used cars. That's how you have to look at it. It's on car sales. That's why Sirius satellite is a buy."
Walgreens Boots Alliance: "Yes, I think that Walgreens is such a buy at $81 ... I figure if the Rite-Aid deal goes away, the stock goes up. If they close the deal, the stock goes up. I like those situations."
Read MoreLightning Round: It's a win-win situation for you