Steel has been one of the preferred alloys for making all kinds of solid metallic products and has attained the status of becoming the basic building blocks of the modern world. Formed by mixing iron and carbon in varying proportions, different kind of steel is obtained. Its corrosion-free property makes it a suitable choice for use across a wide variety of needs. Vehicles, appliances, structures, tools, bridges, oil pipelines, and buildings, are all are made with steel. Different kinds of companies are involved in steel-based business. Few manufacture variety of steel using iron and coke and other minerals, other use steel as a raw material to develop finished or semi-finished products, and others offer services around steel industry (like maintaining steel pipelines which carry oil). Investors find it exciting to invest in steel-based companies on the hopes of generating better returns backed by increasing demand of steel. However, returns can be positive and negative based on the wide variations observed in the demand and price of steel as a commodity from one year to the other. This article presents list of top 10 steel stocks which have generated highest returns for the year 2020 YTD. List is presented in the order of stocks gaining maximum percentage gain since the start of the year till the date of writing.
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The following list presents stocks of the companies which belong to the broader Steel sector or the stock market index, their corresponding prices as of given date, and the percentage gains realized: 1) ZK International Group Co., Ltd. (ZKIN)
There's more... See price performance, YTD-gains, market-cap and other details of all the 33 Steel stocks with sorting features in a tabular format. Alternatively, one can also explore the List of Top Steel ETFs.
Here's a look at the basic details and how the above mentioned stocks fared during the period:
ZK International Group Co.
ZK International Group Co., Ltd., through its subsidiaries, designs, produces, and sells double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. The company offers steel strips, steel pipes, and light gauge stainless steel pipes, as well as pipe connections and fittings, such ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of ZK International Group Co.. ZK International Group Co., Ltd. (ZKIN) has moved by 100.78 percentage over the given period of 2020-YTD, helping it gain a place at number one among the top performing stocks. The Basic Materials sector company managed to achieve the feat as its stock price changed from $1.29 apiece to the price of $2.59 per share between the end of December of the previous year and Dec 31, 2020. The smart run of the China-based Basic Materials sector company lead to a handsome gain in its marketcap which changed from $21.32 million to $46.5 million over the same duration.
Ferroglobe
Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Ferroglobe. Rank number two in the coveted list is held by Ferroglobe PLC (GSM) for being among the top performing stocks of 2020. Headquartered in United Kingdom, the Capital Goods sector company is categorized under the industrial sub-sector of Metal Fabrications. Since the start of the year 2020, stock of Ferroglobe has so far gained 74.47 percentage, based on the previous year's closing price of $0.94 per share and year-to-date price of $1.64 per share. During the same period, the market capitalization of the company changed from $158.98 million to $277.42 million.
National Steel
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel product ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of National Steel. The Brazil-headquartered company National Steel Company (SID) is ranked number three among the best performing stocks of Steel of 2020. The Capital Goods sector business falls under the Steel and Iron industrial sub-sector. Since the start of the year 2020, the stock price of National Steel has changed by 72.46 percent, which is calculated based on the previous year's closing price of $3.45 per share and year-to-date closing price of $5.95 per share as of writing. The market value of the company as indicated by its market-cap changed from $4.77 billion to $8.28 billion during the same period. Along with Steel, the company is also in the business of Capital Goods, Steel and Iron, Basic Materials, Brazil, among other usual products and services.
Ossen Innovation
Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Ossen Innovation. At number four in the list of top stocks stands Ossen Innovation Co., Ltd. (OSN), which saw a change in its stock price from the level of $3.08 apiece during previous year December end to the price of $4.69 per share as of Dec 31, 2020. It translates to a change of 52.27 percentage. The China-headquartered Basic Industries sector company also saw its market value change from $20.32 million to $30.94 million.
Schnitzer Steel Industries
Schnitzer Steel Industries, Inc., incorporated on July 30, 1946, is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Schnitzer Steel Industries. During the given months of the year 2020, Schnitzer Steel Industries, Inc. (SCHN) was successful in generating YTD returns of 47.19 percentage which helped it gain the number five spot in the list of the top performing stocks which generated maximum returns during year 2020 till date. As of December of the previous year, the stock of the Oregon, OR-based Schnitzer Steel Industries closed at a price of $21.68 per share, while it traded at a price of $31.91 per share as of Dec 31, 2020. The company's market cap changed from $588.46 million to $876.05 million during the same period YTD. It ranks as a key constituent of major indexes that include Wilshire 5000 index, Russell 2000 index, and several other broader level multi-cap market indicators.
The company is classified under the Consumer Durables industry sector and further specialized as a Industrial Specialties sector business.
United States Steel
United States Steel Corporation, incorporated on May 25, 2001, is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of United States Steel. The Pennsylvania, PA-headquartered company United States Steel Corporation (X) is ranked number six among the best performing stocks of Steel of 2020. The Basic Industries sector business falls under the Steel and Iron industrial sub-sector. Since the start of the year 2020, the stock price of United States Steel has changed by 46.98 percent, which is calculated based on the previous year's closing price of $11.41 per share and year-to-date closing price of $16.77 per share as of writing. The market value of the company as indicated by its market-cap changed from $1.94 billion to $3.7 billion during the same period. Along with Steel, the company is also in the business of Basic Industries, Steel and Iron, Basic Materials, Wilshire 5000, Russell 2000, among other usual products and services. United States Steel continues to be a leading constituent of many major stock market indexes like Wilshire 5000 index, Russell 2000 index, and a few other larger indexes which are part of the stock market.
Ternium
Ternium S.A., through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Ternium. Ternium S.A. (TX) has moved by 32.18 percentage over the given period of 2020-YTD, helping it gain a place at number seven among the top performing stocks. The Basic Industries sector company managed to achieve the feat as its stock price changed from $22 apiece to the price of $29.08 per share between the end of December of the previous year and Dec 31, 2020. The smart run of the Luxembourg-based Steel and Iron sector company lead to a handsome gain in its marketcap which changed from $4.22 billion to $5.71 billion over the same duration.
ArcelorMittal
ArcelorMittal S.A. (ArcelorMittal), incorporated on June 21, 2001, is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of ArcelorMittal. At number eight in the list of top stocks stands ArcelorMittal (MT), which saw a change in its stock price from the level of $17.54 apiece during previous year December end to the price of $22.9 per share as of Dec 31, 2020. It translates to a change of 30.56 percentage. The Luxembourg-headquartered Basic Industries sector company also saw its market value change from $17.82 billion to $24.26 billion.
Grupo Simec
Grupo Simec, S.A.B. de C.V., incorporated on August 22, 1990, is a manufacturer, processor and distributor of special bar quality (SBQ) steel and structural steel products with production and commercial ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Grupo Simec. During the given months of the year 2020, Grupo Simec, S.A. de C.V. (SIM) was successful in generating YTD returns of 25.98 percentage which helped it gain the number nine spot in the list of the top performing stocks which generated maximum returns during year 2020 till date. As of December of the previous year, the stock of the Mexico-based Grupo Simec closed at a price of $10.16 per share, while it traded at a price of $12.8 per share as of Dec 31, 2020. The company's market cap changed from $1.69 billion to $1.92 billion during the same period YTD. The company is classified under the Basic Industries industry sector and further specialized as a Steel and Iron sector business.
POSCO
POSCO, incorporated on April 1, 1968, is an integrated steel producer. The Company operates in four segments: steel, trading, engineering and construction, and others. The steel segment includes production of ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of POSCO. Rank number ten in the coveted list is held by POSCO (PKX) for being among the top performing stocks of 2020. Headquartered in South Korea, the Basic Industries sector company is categorized under the industrial sub-sector of Steel and Iron. Since the start of the year 2020, stock of POSCO has so far gained 23.09 percentage, based on the previous year's closing price of $50.62 per share and year-to-date price of $62.31 per share. During the same period, the market capitalization of the company changed from $16.32 billion to $19.82 billion.This page is updated every week/month. Bookmark this site to track the best performing stocks regularly.