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Why U.S. Steel, Cleveland-Cliffs, and Aluminum Corporation of China Stocks Are Surging Today

Why U.S. Steel, Cleveland-Cliffs, and Aluminum Corporation of China Stocks Are Surging Today

Metals stocks are red hot in Tuesday trading, with shares of United States Steel (NYSE: X) leading the sector higher with a 21.3% gain as of 1:40 p.m. EST. Its steelmaking rival Cleveland-Cliffs (NYSE: CLF) is up 10.1%, and Aluminum Corporation of China (NYSE: ACH) is tagging along for the steel ride, up 11.3%. Steel stocks are red hot Tuesday.