Sexy Steel Stocks? Don't Laugh

Steel stocks may not have the allure of high-tech shares, but an obscure segment known as steel processing might be worth a look. Despite troubles last year, the sector's growth has Wall Street excited. "There are real opportunities, but the sector is poorly tracked," says Michelle Galanter Applebaum, managing director of Salomon Smith Barney in Highland Park, Ill.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.