I believe the share price of steel stock will perform very well in the next 2 years because China is no longer dumping steel products to the whole world. I hope the next up cycle is started again after a minor correction is over. China steel price rebounded strongly in the last 3 days.
The share price of steel stock 20 years ago was very high because there was no dumping of steel products from China. I believe the share price of steel stock will rise up slowly and surely in the next 2 years after China stopped dumping steel products below cost.
I believe Covid-19 pandemic is slowly recovered in 2021 because of the effective vaccines. Once Covid-19 pandemic is under controlled, all industrial nations worldwide especially European nations and the US will start to spend money on infrastructure, it will boost up the usages and the selling prices of steel products.
US President Biden's infrastructure plan will cost USD 2.2 trillion. I believe the steel products worldwide will be in a bullish uptrend for the next two to three years. Hence I have very high hopes for steel stocks since China is no longer dumpling steel products below cost in the world market.
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