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If there has been one sector that hasn’t really received any love from investors over the last decade or so, it has to be the steel stocks. Steel production and the equities tied to that production have never really recovered from their heyday in the 1970s and 80s. And while the sector did see some resurgence in the pre-recession boom, it was short lived.
But President Trump wants to fix that.
Armed with new tariffs designed to make U.S. steel firms more competitive on a global stage, Trump hopes to light a major fire under the sector. The question is whether it’ll be enough to get the blast furnaces really cooking or simply just fizzle out like previous rallies.
Learn more about steel stocks here.