The growing demand for steel with the reopening of industries worldwide amid China’s production cuts is driving steel prices to record highs. But rising investments in infrastructure and construction projects make the industry’s prospects bright. We believe steel stocks Cleveland-Cliffs and United States Steel will see significant growth over the next few months. What stock do you think is the best buy? Let’s find out.Cleveland-Cliffs Inc. (CLF) in Cleveland, Ohio, and Pittsburgh, Pa.-based United States Steel Corporation (X) are two leading producers of steel and steel products in the United States. CLF integrates from raw materials, direct reduction iron, primary steelmaking, downstream finishing, tooling and tubing. The company serves the automotive, manufacturing, and other industries. It also offers flat-rolled and customized pellets as well as hot briquetted (HBI) products. X is an integrated producer of steel that offers steel products. This includes flat-rolled, tubular, rail services and real estate operations. It is available to the automotive, construction, service center/distribution, consumer, electric, industrial, and electrical markets.

Amid surging demand due to the resumption of infrastructure and construction activities worldwide, China’s decision to cut steel production and exports has created a global supply crunch. Steel prices are currently at an all-time high. A bipartisan bill on infrastructure in the U.S. Congress could boost steel demand over the coming years. This would be a huge benefit to domestic businesses. Global IF Steel demand is forecast to increase at 5.3% to $61.48billion by 2025. Both CFL and X will benefit.

CLF’s share price has risen 20.4%, whereas X shares have fallen 3.2% over the last six months. CLF is a clear winner with 184.2% gains versus X’s 155% returns over the past year. What stock do you think is the best? Let’s find out.

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