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Explore Now However, if you are already invested in these companies, then remain invested because there is a very strong momentum which is lifting these shares at this point of time, says Elixir Equities. It is difficult to say where commodity prices are headed but the way markets are rewarding steel stocks, do you think this is in anticipation of higher steel prices, better demand or is this now a bubble? I do not think it is a bubble because valuations are still within the normal zone. They are not out of whack by any chance and after a long down cycle, we have seen a decent upsurge in steel prices. The next few quarters look very positive for the steel industry globally with even the US economy where steel consumption will move up because of the stimulus package of President Biden. So there are a lot of positive factors for steel which is why prices are going up and volumes are also likely to pick up. But the question from an investor’s perspective is whether these are leve

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