☀ Trending Among Corona Carnage ☀ List of Best Performing Corona Vaccine Stocks, Tech Penny Stocks, Healthcare Stocks, and Artificial Intelligence Stocks. 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 2021 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) Ferroglobe PLC (GSM)
Here's a look at the basic details and how the above mentioned stocks fared during the period:
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. Ferroglobe PLC (GSM) has moved by 284.76 percentage over the given period of 2021-YTD, helping it gain a place at number one among the top performing stocks. The Capital Goods sector company managed to achieve the feat as its stock price changed from $1.64 apiece to the price of $6.31 per share between the end of December of the previous year and Jul 12, 2021. The smart run of the United Kingdom-based Metal Fabrications sector company lead to a handsome gain in its marketcap which changed from $277.42 million to $1.07 billion over the same duration.
Timken Steel
TimkenSteel Corporation, incorporated on October 24, 2013, manufactures alloy steel, as well as carbon and micro-alloy steel. The Companys portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Timken Steel. Rank number two in the coveted list is held by Timken Steel Corporation (TMST) for being among the top performing stocks of 2021. Headquartered in Ohio, OH, the Basic Industries sector company is categorized under the industrial sub-sector of Steel and Iron. Since the start of the year 2021, stock of Timken Steel has so far gained 196.79 percentage, based on the previous year's closing price of $4.67 per share and year-to-date price of $13.86 per share. During the same period, the market capitalization of the company changed from $210.86 million to $633.44 million. The stock of Timken Steel continues to be a major constituent of many leading stock indexes which include Wilshire 5000 index, and several other broader level multi-cap market indicators.
Olympic Steel
Olympic Steel, Inc., incorporated on April 25, 1978, is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Olympic Steel. The Ohio, OH-headquartered company Olympic Steel, Inc. (ZEUS) is ranked number three among the best performing stocks of Steel of 2021. The Basic Industries sector business falls under the Metal Fabrications industrial sub-sector. Since the start of the year 2021, the stock price of Olympic Steel has changed by 124.76 percent, which is calculated based on the previous year's closing price of $13.33 per share and year-to-date closing price of $29.96 per share as of writing. The market value of the company as indicated by its market-cap changed from $147.63 million to $341.26 million during the same period. Along with Steel, the company is also in the business of Basic Industries, Metal Fabrications, Basic Materials, Russell 2000, Wilshire 5000, among other usual products and services. Olympic Steel continues to be a leading constituent of many major stock market indexes like Wilshire 5000 index, and a few other larger indexes which are part of the stock market.
Friedman Industries
Friedman Industries, Incorporated, incorporated on March 29, 1965, is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Friedman Industries. At number four in the list of top stocks stands Friedman Industries Inc. (FRD), which saw a change in its stock price from the level of $6.86 apiece during previous year December end to the price of $12.66 per share as of Jul 12, 2021. It translates to a change of 84.55 percentage. The Texas, TX-headquartered Capital Goods sector company also saw its market value change from $48.32 million to $87.43 million. The Steel and Iron specialist also managed to outperform some of the major stock market indexes of which it is a part of. They include the Wilshire 5000 index, and a handful of other multi-capitalization indexes.
Nucor
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mil ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Nucor. During the given months of the year 2021, Nucor Corp. (NUE) was successful in generating YTD returns of 83.79 percentage which helped it gain the number five spot in the list of the top performing stocks which generated maximum returns during year 2021 till date. As of December of the previous year, the stock of the Charlotte, North Carolina-based Nucor closed at a price of $53.19 per share, while it traded at a price of $97.76 per share as of Jul 12, 2021. The company's market cap changed from $16.06 billion to $29.25 billion during the same period YTD. It ranks as a key constituent of major indexes that include Wilshire 5000 index, S&P 500 index, and several other broader level multi-cap market indicators.
The company is classified under the Basic Industries industry sector and further specialized as a Steel and Iron sector business.
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. The Mexico-headquartered company Grupo Simec, S.A. de C.V. (SIM) is ranked number six among the best performing stocks of Steel of 2021. The Basic Industries sector business falls under the Steel and Iron industrial sub-sector. Since the start of the year 2021, the stock price of Grupo Simec has changed by 77.5 percent, which is calculated based on the previous year's closing price of $12.8 per share and year-to-date closing price of $22.72 per share as of writing. The market value of the company as indicated by its market-cap changed from $1.92 billion to $3.51 billion during the same period. Along with Steel, the company is also in the business of Basic Industries, Steel and Iron, Basic Materials, Mexico, among other usual products and services.
Steel Dynamics
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Steel Dynamics. Steel Dynamics, Inc. (STLD) has moved by 70.46 percentage over the given period of 2021-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 $36.87 apiece to the price of $62.85 per share between the end of December of the previous year and Jul 12, 2021. The smart run of the Indiana, IN-based Steel and Iron sector company lead to a handsome gain in its marketcap which changed from $7.76 billion to $13.28 billion over the same duration. Steel Dynamics is a key member of many popular stock market indexes. They include Wilshire 5000 index, and several other broader level multi-cap market indicators.
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. At number eight in the list of top stocks stands Schnitzer Steel Industries, Inc. (SCHN), which saw a change in its stock price from the level of $31.91 apiece during previous year December end to the price of $51.4 per share as of Jul 12, 2021. It translates to a change of 61.08 percentage. The Oregon, OR-headquartered Consumer Durables sector company also saw its market value change from $876.05 million to $1.44 billion. The Industrial Specialties specialist also managed to outperform some of the major stock market indexes of which it is a part of. They include the Wilshire 5000 index, and a handful of other multi-capitalization indexes.
Insteel Industries
Insteel Industries, Inc., incorporated on December 1, 1958, is a manufacturer of steel wire reinforcing products for concrete construction applications. The Companys operations are focused on the manufacture and marketing ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Insteel Industries. During the given months of the year 2021, Insteel Industries, Inc. (IIIN) was successful in generating YTD returns of 52.63 percentage which helped it gain the number nine spot in the list of the top performing stocks which generated maximum returns during year 2021 till date. As of December of the previous year, the stock of the North Carolina, NC-based Insteel Industries closed at a price of $22.27 per share, while it traded at a price of $33.99 per share as of Jul 12, 2021. The company's market cap changed from $429.94 million to $657.39 million during the same period YTD. It ranks as a key constituent of major indexes that include Wilshire 5000 index, and several other broader level multi-cap market indicators.
The company is classified under the Capital Goods industry sector and further specialized as a Steel and Iron sector business.
Commercial Metals
Commercial Metals Company (CMC), incorporated on August 29, 1946, together with its subsidiaries, is engaged in manufacturing, recycling and marketing steel and metal products, related materials and services through a ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Commercial Metals. Rank number ten in the coveted list is held by Commercial Metals Company (CMC) for being among the top performing stocks of 2021. Headquartered in Texas, TX, the Basic Industries sector company is categorized under the industrial sub-sector of Steel and Iron. Since the start of the year 2021, stock of Commercial Metals has so far gained 52.19 percentage, based on the previous year's closing price of $20.54 per share and year-to-date price of $31.26 per share. During the same period, the market capitalization of the company changed from $2.47 billion to $3.77 billion. The stock of Commercial Metals continues to be a major constituent of many leading stock indexes which include Wilshire 5000 index, and several other broader level multi-cap market indicators.
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