| From Forbes: A year ago, they were among the market's strongest, but steel stocks are suffering and have more room to tumble. The global economic recession has brought about an alarming decline in industrial production during the past several months.
With construction idling, steel producers have been acutely vulnerable to downside risks in the current market environment. Underscoring these risks is the sharp decline in the Market Vectors Steel Index exchange-traded fund..... Full Article: Source
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