Friday is turning out to be a good day to be in the metals business , as shares of steelmakers United States Steel (NYSE: X) and Brazil's Companhia Siderurgica Nacional (NYSE: SID) roar to new heights, up 10.4% and 12.1%, respectively, in 1:50 p.m. EST trading. Nor is steel the only popular metal today, as aluminum magnate Alcoa (NYSE: AA) joins in the rally -- up 7.2%.
So what exactly is going on here to get investors so excited about commodities?
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Why U.S. Steel, Alcoa, and Companhia Siderurgica Stocks Are Surging Today