https://wallstreetnews.me/is-investing-in-construction-materials-stocks-recommended-on-wall-street/

Metals that are recycled, both ferrous and nonferrous together with iron casting, are in stock.

Steel Dynamics is a steel producer with a robust market cap at $8.44 billion, a value per share of $50.20, and an even more lucrative dividend yield of 3.43 10% in 2020. It’s trading at 11x earnings before taxes depreciation and amortization (EBITDA). To give you an idea, certain stocks trading with as little as 7x EBITDA recently, so this is a fair price according to what’s on the market right now.

The company’s existence has been since 1857. Which makes it one of oldest companies in its industry. Also, the company has all kinds of assets to make any investor happy: assets like land and buildings in addition to their manufacturing plants; giving you plenty to work with in deciding if there’s room to improve the company it self (which is always great news).

These workers serve many sectors, including transportation, construction, automobile, energy and transportation.

2. Nucor Corporation (NUE).

Nucor Corporation (NUE) is another producer of steel that has seen a tremendous growth rate over this past year. the price of its shares has increased about 28% during the same period.

Its current revenues of $42.96. Its net income for the twelve months ending June 30, 2022, was $8.995B and was which is a 197.21 percent increase over the previous year. This was due to strong market demand for their products both in the US as well as internationally. Additionally, they’ve been able to maintain the rate of expansion despite being hit with tariffs on imported steel products.

3. Beacon Roofing Supply (BECN)

Beacon Roofing Supply has the largest selection of commercial and residential roofing products available in America. They also supply complementary construction materials like ready-mix concrete, siding and gutter components.

Zacks Ra has ranked BECN as the #3 most valued company in China.

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