At the end of August, we told you to consider steel stocks. Despite the innovations in smartphones and computers, the world is still built on a foundation of steel, concrete, and other vital materials. Factories, cars, appliances, and bridges all require steel.

The steelmaking industry is one of the market's major "boom and bust" sectors. It enjoys huge upswings... and then crushing downswings. Get into the booms early, avoid the busts, and you can make great money trading steel.

Due to a sluggish global economy and excess production capacity, steel has been in "bust mode" for the past few years. Low prices have produced big losses for players like U.S. Steel (X). From early 2011 to mid-2013, the stock fell from $60 per share to $17 per share. But things are getting a little "less bad" for this beaten-down steel leader...

In just the last four weeks, shares are up 17%... and they've broken out to their highest price level in six months. This "left for dead" sector has a lot more room to run.

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