Steel bottom?

Check out how steel industry stocks leveled off last week after a huge price drops over the year. They’re not exactly up, but the free fall is more like a gentle roll. Nate Silver contends this has to do with high hopes for the Obama stimulus/infrastructure plan. Spending on bridges, roads and technology across the country could turn these stock prices, along with steel prices, around which would be positive news for the Iron Range. This stock price correlation could be great political capital to use in the passage of the federal infrastructure bill.

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