After a rough start to 2017, steel investors may have a better go of it in the second half of the year. Deutsche Bank analyst Jorge Beristain has upgraded a handful of steel and aluminum stocks and is now constructive on steel prices following a sluggish second quarter. U.S. hot-rolled coil prices declined 9 percent in the second quarter, potentially masking a 4-percent year-to-date uptick in apparent steel demand based on increasing U.S. economic activity. In addition to rising demand, supportive trade policy could also serve as a positive catalyst for steel prices, Beristain said. “We believe underlying demand will recover and imports subside once Section 232 is formerly released (end-June last timeline) and signed into law by President Trump soon after (between 0 and 105 days),” Beristain wrote.Read more