End-markets like aerospace, oil/gas, and power gen may not be back up to full power right now, but investors have already started positioning themselves for a better 2014. With that, the stocks of specialty metal/alloy producers like Allegheny Technologies (NYSE:ATI) and Carpenter Technology (NYSE:CRS) have strengthened recently, as have those of more conventional steel producers like Nucor (NYSE:NUE) and Steel Dynamics (NASDAQ:STLD).
The much smaller and less well-covered Universal Stainless & Alloy Products (NASDAQ:USAP) has also enjoyed a solid rebound of late, with the shares up about 30% since early August. USAP is well-positioned to benefit from destocking in end-markets like aerospace and oil/gas, but the company also has a...
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