3 Steel Stocks to Sell Now on Rising Input Costs and Interest Rate Fears
CLFCliffs(CLF) InvestorPlace·2024-04-19 23:19

Things seemed to be slowing down after interest rates were raised eleven times in the previous 18 months, but according to the most recent data, the inflation rate for the last 12 months as of March is 3.5%, which has many people searching for steel stocks to sell from their portfolio. The logic is straightforward. Steel stocks are closely linked to the overall economy and are part of a very cyclical sector. Because markets were anticipating at least three rate decreases in 2024, the first quarter was favor ...