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Relatively Good Performance Detected in Shares of Timkensteel in the Steel Industry (TMST , CLF , NUE , RS , CMC )

By David Diaz

Below are the top five companies in the Steel industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.

Timkensteel (NYSE:TMST ) ranks first with a gain of 6.32%; Cleveland-Cliffs Inc (:CLF ) ranks second with a gain of 1.34%; and Nucor Corp (NYSE:NUE ) ranks third with a gain of 0.81%.

Reliance Steel (NYSE:RS ) follows with a gain of 0.43% and Commercial Metal (NYSE:CMC ) rounds out the top five with a gain of 0.38%.

SmarTrend recommended that subscribers consider buying shares of Reliance Steel on June 11th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $88.71. Since that recommendation, shares of Reliance Steel have risen 16.5%. We continue to monitor Reliance Steel for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance timkensteel :clf cleveland-cliffs inc nucor corp Reliance Steel commercial metal

Ticker(s): TMST NUE RS CMC