With Fertilizers, Coal, and Oil all in the spotlight it would be easy to overlook another hot commodity, Steel. The fact of the matter is though Steel stocks are just coming off key trendline support and are looking bullish.
This trend has been in play many, many, many times in the past here on the Stock Trading To Go blog. After all the recent price consolidation and the success of fertilizers in a rough market I am a believer in the Steel story.
Below I have a handful of Steel stocks for you to take a closer look at. Mechel Steel Group (MTL) is the leader of the group so it is listed first.