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One of the top-gaining industries during the fourth quarter has been steel makers, collectively up 16% since Oct. 1. The group shifted into a sharp uptrend in September, led by heavyweights including U.S. Steel (X), Arcelor Mittal (MT), AK Steel (AKS), as well as smaller players like Shiloh Industries (SHLO). Most of the stocks have settled into shallow consolidations over the past several weeks. The $500 billion-a-year industry is an important Scalper1 News
Scalper1 News