5 Best Metal Stocks To Invest In

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In this article, we discuss the 5 best metal stocks to invest in. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Metal Stocks To Invest In.

5. Steel Dynamics, Inc. (NASDAQ:STLD)

Number of Hedge Fund Holders: 26  

Steel Dynamics, Inc. (NASDAQ:STLD) operates as a steel producer. The company stands to benefit from a recent agreement between the United States and the European Union under which the two parties will ease steel and aluminum tariffs to encourage exports. In earnings results for the third quarter, posted on October 18, the firm beat market estimates on earnings per share by $0.11. The revenue over the period was $5 billion, up 118% year-on-year. 

Mark Millett, the CEO of Steel Dynamics, Inc. (NASDAQ:STLD), recently told the media that he expected steel prices to ease at the beginning of next year. He also underlined how despite building new plants, the US steel market would still need imports to cover domestic demand. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Steel Dynamics, Inc. (NASDAQ:STLD) with 2.4 million shares worth more than $148 million. 

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