Steel Shows Its Strength
Steel Shows Its Strength.
In trading on Monday, steel & iron shares were relative leaders, up on the day by about 2.7%. Leading the group were shares of Posco, up about 7.7% and shares of Mechel Oao
(
MTL -
news
-
people
) up about 6.5% on the day.
Also showing relative strength are metals fabrication shares, up on the day by about 2.1% as a group, led by United States Steel
(
X -
news
-
people
), trading higher by about 5.7% and Ladish
(
LDSH -
news
-
people
), trading up by about 4.2% on Monday.
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