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Relatively High Return on Equity Detected in Shares of Suncoke Energy I in the Steel Industry (SXC, STLD, WOR, X, SCHN)

By Amy Schwartz

Below are the three companies in the Steel industry with the highest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.

Suncoke Energy I ranks highest with a ROE of 3,478.6%. Steel Dynamics is next with a ROE of 2,580.7%. Worthington Inds ranks third highest with a ROE of 2,384.5%.

Us Steel Corp follows with a ROE of 2,085.2%, and Schnitzer Steel rounds out the top five with a ROE of 1,742.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Schnitzer Steel on July 30th, 2018 by issuing a Downtrend alert when the shares were trading at $33.43. Since that call, shares of Schnitzer Steel have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest return on equity suncoke energy i Steel Dynamics worthington inds us steel corp schnitzer steel