5 Electrode and Refractory Stocks to Watch as Green Steel Production Expands

Making steel usually creates a lot of pollution.

But there's a new way to make steel using electricity that's much cleaner, called EAF steelmaking.

Lots of new factories are being built to use this cleaner method.

This is great news for companies that make special parts needed for these new factories, like graphite electrodes and heat-resistant bricks called refractories.

Some factories that make these parts have closed or made less, so there aren't as many available.

This means the companies still making them might be able to sell them for more money.

Some companies are even building bigger factories or making new kinds of materials to keep up with the demand.

Investors are watching these companies because they think they could do very well in the coming years as more factories switch to the cleaner way of making steel.