The 15 Most-Watched Aluminum and Steel Stocks

People watch stocks for different reasons -- they're waiting for a dip in price, watching for a specific catalyst, gathering all the news and information that might affect stocks they already own, or considering a sell. Regardless of their motivation, we can better understand market sentiment by seeing who's watching what. With the Fool's free My Watchlist service, we have tens of thousands of people telling us the businesses that have, for whatever reason, piqued their interest.

With this data we have come up with a new metric, watch interest, to inform investors what stocks their peers keep tabs on in each industry. In the case of the aluminum and steel industry, watch interest is the percentage of people keeping an eye on aluminum and steel stocks in general who are specifically watching each company. By looking at what stocks people are most interested in an industry, you can get ahead of the curve by finding hot stocks that you might have otherwise overlooked. The industry has been recovering along with the world economy and has begun posting big income numbers.

The most-watched aluminum and steel stock is ...
Looking at the aggregate data, we see that Alcoa (NYSE: AA  ) is above the rest in terms of watch interest and for good reason. As CAPS player buffalonate wrote in June:

I think aluminum demand will increase substantially in the future because the automobile industry is focusing on lightweighting to get better gas mileage. Doing so will require the use of much more aluminum.

Here are the rest of the top 15 most-watched companies in the industry with their watch interest along with the stocks' CAPS rating to show the sentiment of our investing community.

 

Company

Market Cap (millions)

CAPS Rating (out of 5)

Watch Interest

1

Alcoa

$16,142

****

29.8%

2

Nucor (NYSE: NUE  )

$12,301

****

15.0%

3

United States Steel (NYSE: X  )

$6,061

***

11.2%

4

Titanium Metals (NYSE: TIE  )

$3,295

*****

10.1%

5

AK Steel (NYSE: AKS  )

$1,680

***

4.5%

6

ArcelorMittal (NYSE: MT  )

$48,068

*****

3.9%

7

General Steel (NYSE: GSI  )

$87

****

3.7%

8

Gerdau (NYSE: GGB  )

$13,842

****

2.1%

9

POSCO (NYSE: PKX  )

$34,006

*****

2.1%

10

Globe Specialty Metals (Nasdaq: GSM  )

$1,819

*****

2.1%

11

Steel Dynamics (Nasdaq: STLD  )

$3,370

***

2.1%

12

Allegheny Technologies (NYSE: ATI  )

$6,842

****

2.0%

13

Century Aluminum (Nasdaq: CENX  )

$1,289

***

1.7%

14

Sutor Technology (Nasdaq: SUTR  )

$47

****

1.4%

15

Mechel (NYSE: MTL  )

$10,099

****

1.3%

Source: Motley Fool, Motley Fool CAPS.

Whether you're keeping an eye on the industry stalwarts like Alcoa or are watching an up-and-comer like Sutor Technology, it pays to wa tch. We can help you keep tabs on your companies with My Watchlist, our free, personalized stock tracking service. Click here to start now.

Dan Dzombak's musings and articles he finds interesting can be found on his Twitter account: @DanDzombak.

The Motley Fool owns shares of Nucor. Motley Fool newsletter services have recommended buying shares of Titanium Metals, General Steel Holdings, and Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (4) | Recommend This Article (8)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 01, 2011, at 1:03 PM, Brettze wrote:

    Aluminium also will be in demand for solar thermal energy which is different than photovoltaics. it is still green energy but people are still conflicted about consuming more aluminium which requires a lot of electricity to make new. People are trying hard to avoid increased aluminium consumption .. It is possible that automakers will increase aluminium consumption in the coming years to make cars lighter . The question is whether aluminium prices will climb like copper, nickel, moly and gold had ... Will we accept higher aluminium prices or not? This is the big question.. Granted, aluminium prices is too low excpet the prices you get for aluminium scrap cans which is artifically boosted to encourage recycling which is a good policy. Will Boeing , General Electric, Ford Motors and others gladly pay higher aluminuim prices ? Hard to tell.. For steel, President Bush signed bills to halt foreign steel dumpings here in America and steel prices soared . The world producers are dumping aluminium at warehouses all over... We have millons tons of unused unwanted aluminium already. China is not importing aluminium despite vast amounts of aluminium being consumed in China with its aging vast smelting operations that is still able to churn out almost one half of the world's production of aluminium. The rest of the world has spare aluminiumi to sell but China chose to use coal to make electricity for aluminium operations.. America is happy to sell coal to China to help keep aluminium prices down and spare aluminium all to ourselves. Kind of confusing?

  • Report this Comment On August 02, 2011, at 12:56 AM, britpick wrote:

    I am surprised that Rio Tinto doesn't appear on the list. Rio's Aluminium division (Rio Tinto Alcan) is a comparable size to that of Alcoa but has a much more very favorable cost position due to technological production advantages and access to cheaper hydro energy sources. Furthermore, Rio is better positioned to absorb aluminum price fluctuations and is more internationally diversified with more aluminium sales outside of the United States than Alcoa.

  • Report this Comment On August 02, 2011, at 12:33 PM, Brettze wrote:

    Rio Tinto acquistion of ALCAN added one extra unnecessary competitor that contributes to lower aluminium prices... China already controls close to one half of the world production..ALCOA attempted to gain market share with offer to acquire ALCAN only to be beaten by Rio Tinto flush with earnings from inflated iron prices and other metal prices. ALCOA has no chances of being able to boost aluminium prices and with rising costs , ALCOA should start considering selling to Freeport .. or BHP.. Rio Tinto will end up holding ALCAN that cannot get good prices for aluminium for a really long time to come.. Rio Tinto paid $40 billon for ALCAN which already lost half of its value !! Maybe Rio Tinto can sell ALCAN back to ALCOA?? Then it will help a lot with getting good aluminium prices going forward.. There is simply too many players in aluminium!

  • Report this Comment On August 02, 2011, at 12:43 PM, Brettze wrote:

    I thought that the most watched one is the debt crisis rightnow... you take a vacation now go !!

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