Surging Steel Prices ::
February 02, 2011
With the rising price of steel due to the increased cost of raw materials, Revere Data’s CEO Kevin O’Brien looks at the companies and sectors affected most with Maria Bartiromo on CNBC’s “Talking Numbers” on February 2, 2011.
Using Revere’s patented industry classification system, our analysts reviewed steel manufactures, steel customers and companies providing alternatives to steel. Revere’s Mini Mills index has outperformed the overall market. The rising cost of steel is expected to significantly affect the auto power train & chassis, infrastructure component and wind turbine manufacturing sectors. The Converted Wood & Paper, Plastic Products and Glass Products sectors have also outperformed over the last three months.
Companies Revere likes include:
- Myers Industries (MYE)
- Steel Dynamics (STLD)
Watch the video at CNBC.com or click the image below.
