Below are the top five companies in the Steel industry as ranked by gross margin. Gross Margin tells you how many of your sales dollars are profit. If efficiency is improved, more profits will result.
Mechel (NYSE:MTL) has gross margin of 33.9%, a sales growth of 61.1%, and trailing 12 months sales of $6.5 billion.
Ternium (NYSE:TX) has gross margin of 26.5%, a sales growth of 40.5%, and trailing 12 months sales of $5.4 billion.
Reliance Steel & Aluminum (NYSE:RS) has gross margin of 23.9%, a sales growth of 30.4%, and trailing 12 months sales of $5.6 billion.
Olympic Steel (NASDAQ:ZEUS) has gross margin of 21.1%, a sales growth of 19.2%, and trailing 12 months sales of $550.4 million.
Cliffs Natural Resources (NYSE:CLF) has gross margin of 20.6%, a sales growth of 55.8%, and trailing 12 months sales of $2.6 billion.
SmarTrend is bullish on shares of MTL and our subscribers were alerted to Buy on July 22, 2010 at $20.52. The stock has risen 8.6% since the alert was issued.