Friday, September 4, 2015

TheStreet: You Need Nerves of Steel to Make Money in the Metal Market

By SIMON CONSTABLE

NEW YORK (TheStreet)-- Steel stocks may shine soon, after losing their luster during a brutal summer, but only investors with an appetite for turbulence should consider buying them.

What makes them attractive is the relatively low prices. The Market Vectors Steel  exchange-traded fund, which holds a basket of steel stocks and iron-ore producers, is down 25% over the three months through Thursday, more than three times as much as the Standard & Poor's 500 index. U.S. Steel fared even worse, falling more than 35% over the same period. Read more here.

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