Is It Time to Buy Steelmakers?

One of the most beaten-down spaces today remains the steel producers, and with good reason. These companies depend heavily on the automotive and construction industries for a significant portion if their revenue, and these have been slow to rebound. The thesis for these industries remains looking forward to pent-up demand that’s bound to spring up at some point, but the way up is likely to be a slow climb. In today’s video, Paul and Matt discuss whether now is a good time to buy into these cyclical stocks.

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