Recycled Steel
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Recycled Steel


Small Mills, Big Flexibility

Steel, as a commodity, is known to be significantly volatile, especially from a manufacturing demand standpoint. US steel production swung on average 4.3% a year from 2003 to 2007, and 26.9% thereafter.[1] That’s a big problem for companies in the industry, specifically integrated steel mills, which account for 69% of global production.[1] The energy costs and structural stresses associated with starting and stopping these enormous facilities mean they can’t react quickly to changing demand, leading to reduced margins or losses. Steel mini-mills, on the other hand, are constructed to be much more responsive to fluctuations in demand, which has made them more appealing and less volatile than their larger counterparts. As global infrastructure spend increases in the coming years, companies involved in the steel business count see sustained demand for their products and related services.[4] See more
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Motif Index 1 YR Return
Recycled Steel Benchmark
With this Motif, you can buy the following basket of stocks for just $9.95:
Weight Segment & Stocks Symbol 1 MO / 1 YR Return
46.4% Steel Processing & Products 23.1%
19.1% Valmont Industries Inc. VMI 24.1%
18.2% Reliance Steel & Aluminum Co. RS 13.6%
4.1% Harsco Corp. HSC 43.2%
3.9% Worthington Industries Inc. WOR 34.4%
1.1% Olympic Steel Inc. ZEUS 47.1%
44.8% Minimills 22.5%
20.5% NuCor Corp. NUE 11.9%
15.9% Steel Dynamics Inc. STLD 10.0%
8.4% Gerdau S.A. ADS GGB 72.0%
8.8% Steel Recycling 20.1%
6.3% Commercial Metals Co. CMC 13.2%
2.6% Schnitzer Steel Industries Inc. SCHN 37.1%