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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Matthew Argersinger owns shares of Nucor. Paul Chi has no positions in the stocks mentioned above. The Motley Fool owns shares of ArcelorMittal. Motley Fool newsletter services recommend Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.