This Chinese Steelmaker May Be Worth a Look. Yes, Really

With Chinese steel prices down 13 percent since the announcement of U.S. tariffs and persistent fears of oversupply, there may be no investment play more contrarian right now than a Chinese steel company. Its operating margin was third highest of any of its domestic competitors last year and its stock has momentum, trading above its 100- and 200-day moving averages. In a December interview, Evraz Corporate Strategy Director Aleksey Eberents said Delong’s fair value could be more than $4 billion.