5 Steel Stocks Hit New 12-Month Highs

These steel stocks are hotter than Tesla, Amazon, Apple and NVIDIA, if you measure hotness by price chart out-performance.

5 Steel Stocks Hit New 12-Month Highs

If you compare steel stocks to Amazon AMZN / Apple AAPL, Tesla / Amazon AMZN / NVIDIA NVDA DIA's price charts out-performance, these stocks are more hot than Tesla, Amazon AMZN / Apple AAPL, Tesla & Apple AAPL. There are many reasons this phenomenon exists, depending on the analyst you consult. However, shareholders make money when prices rise. These are the five steel companies whose stock prices are performing better than the stocks of big-name tech and media companies. Allegheny Technologies ATI (NYSE : ATI) has a market cap of $4.51 Billion and trades at a price-earnings ratio 183. Earnings increased by 97% in the last year, while the earnings over the past five years have increased by 45%. The long-term debt of the company exceeds shareholder equity 2 times. The dividends are not paid by the metal fabrication company. Allegheny Technologies Weekly Price Chart, 1-18 23.stockcharts.com Commercial Metals is reporting an earnings increase of 193.90% over the past 12 months and a 5-year gain (NYSE: CMC). The steel company trades at 1.81x book value with a price-earnings rate of 5.40. The amount of long-term debt is significantly less than the equity held by shareholders. Here is the Weekly Price Chart for Commercial Metals. The company's market capitalization is $9.78 billion and its headquarters are located in Tampa, Florida. Gerdau trades at a price-earnings ratio (4), and just above its book value. The big steel company pays 11.06% as a dividend. You can find the Gerdau weekly price charts here:Gerdau USA weekly prices chart, 1-18 23.stockcharts.com Reliance Steel & Aluminum, based in Scottsdale (Arizona), has been in operation since 1939. It went public in 1994. Earnings have increased by 288% in the last 12 months and a 39.50% increase over the past five years. It trades at 1.88x book and has a price-earnings ratio 7. The current ratio of 3.30 is because shareholder equity is higher than long-term debt. Tenaris SA (NYSE TS: TS), a Luxembourg-based company that manufactures materials primarily for the energy sector, is listed on the NASDAQ. The stock trades at a price-earnings ratio (10) and 1.61 times its books value (1.61). Earnings over the last 12 month increased by 273%, while gains over the past five years were 139.80%. The current ratio is 2.70, which means that there is not much long-term debt. This is not investment advice. Only for educational purposes.