5 Best Steel Stocks to Buy Amid Upcoming Infrastructure, Construction Boom

2. Olympic Steel, Inc. (NASDAQ: ZEUS)

Number of Hedge Fund Holders: 9

Olympic Steel is an Ohio-based steel company that ranks 2nd in our list of the best steel stocks to buy amid upcoming infrastructure and construction boom. The company’s primary business is flat-rolled steel products, which are used in automobile, domestic appliances, shipbuilding and construction. The stock suffered in 2020 amid declining economic activity, but is set to gain from the expected increase in auto sales and construction activity. In 2020 it also acquired Action Stainless & Alloys, a Texas-based stainless steel and aluminum plate company.

Royce & Associates currently holds 291,103 shares of ZEUS that amounts to $8.6 million. ZEUS occupies 0.05% of Royce & Associate’s total portfolio.