Can China Steel Stocks Follow United States Steel?

Steel companies like United States Steel Corporation X and AK Steel Holding Corporation AKS have been ripping higher of late on the back of the continued Federal Reserve's artificial asset and commodity bubble trade. U.S. Steel has jumped from $47.23 to a high today of $59.46 in just the last three weeks. AK Steel has gone from $12.90 to a high today of $16.45. These are truly amazing moves yet the China steel stocks seem stuck at or near their 52 week lows. The key plays when analyzing China steel are General Steel Holdings, Inc. GSI, China Precision Steel, Inc. CPSL and Sutor Technology Group Ltd. SUTR. All three of these Chinese steel plays are profitable and trading near or at their 52 week lows. According to analysts, GSI is expected to make $0.52 in 2011. The stock is trading at $2.45. All three of these steel plays are very attractive on the back of the monster moves in the major steel players. The charts look solid technically a well. These are on watch and may be great long plays. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com