BCX - An Opportunity In U.S. Steel
Steel is a ferrous metal that is one of the most significant building blocks for infrastructure around the world. Iron ore is the primary ingredient in the production of steel, and we have witnessed lots of price volatility in the iron ore market over recent years.
The price of steel has a high degree of correlation with economic growth around the world. As economic conditions improve, the demand for building and construction projects increases causing the price of steel to move to the upside. U.S. Steel (X) is an iconic company in the United States.