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Steel ETF jumps as Goldman Sachs upgrades industry

Posted on 06 November 2013

Across the materials space, investors have seen solid trading in a number of names. This has been particularly the case in the steel industry, as this segment has surged as of late thanks to some positive trends in the space.
Among the top reasons for this jump are the focus on higher beta names, and the risk-on atmosphere in the market. Additionally, thanks to a lack of QE tapering, markets are once again embracing commodity-linked investments, further adding to the bullish trend………………………………………..Full Article: Source


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VRS - who has written 40639 posts on Opalesque Commodities Briefing.


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