US Steel (X), (MT), (SCHN), (STLD), (PKX) Jump on Japan Rebuilding Outlook

Shares of US Steel (NYSE:X), ArcelorMittal (NYSE:MT), Schnitzer Steel Industries (NASDAQ:SCHN), Steel Dynamics (NASDAQ:STLD) and POSCO (NYSE:PKX), along with other providers of raw materials, are all being pushed up on the expected enormous demand from Japan to rebuild the country once they get past the crisis point they're now in.

The only question is how much of the future will be priced in before the share price of companies like those listed above pull back.

Coal companies, diversified miners and other raw material providers should do well for some time, as the needs of Japan could reach unprecedented levels for years into the future.

Another thought to consider is how this will extend the commodity bull market, which many experts felt we were in the middle of. These could easily extend it several years, or possibly even a decade, depending on the extent of the damage done.

U.S. Steel closed Thursday at $54.74, gaining $0.81, or 1.50 percent. Posco closed at $108.66, up $3.55, or 3.38 percent. Steel Dynamics ended the session at $18.18, rising $0.38, or 2.13 percent.Schnitzer Steel Industries finished the day at $62.15, gaining $1.26, or 2.07 percent. ArcelorMittal climbed to $34.10, up $1.26, or 3.84 percent.