Since Trump has been elected President, it would be advisable for investors to relook at the steel industry. I personally haven't been invested here since around 2007-2008 when I called the housing drop that has been brutal for the housing market, steel industry and shipping.
I can sense a strong push for rebuilding the infrastructure, bridges and commercial buildings under the Trump administration that's been on hold for funding for many years. I think the time to strike is now and the stocks to befefit in my opinion would be:
Cliffs Natural Resources (NYSE:CLF) a leading producer and supplier of iron ore pellets to the steel industry under long term contracts. Cliffs Natural Resources sells its iron production products to integrated steel companies and steel producers in the United States, China, Canada, and internationally.
Diana Shipping (NYSE:DSX) a leading shipping company of dry bulk cargoes like iron ore used to produce steel. As of May 11, 2016, it operated a fleet of 46 dry bulk vessels comprising 2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax, and 23 Panamax vessels.
ArcelorMittal (NYSE:MT) a leading, and very large steel company that is diversified and operates worldwide. It also has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine, and the United States; and coal mining activities in Kazakhstan and the United States
I hope that this is helpful as you rebalance your portfolios.
Disclosure: I am/we are long CLF, DSX, MT.