Carpenter Technology Corp. (NYSE: CRS): High Growth Potential Outside Of Tech

Carpenter Technology Corporation (NYSE: CRS)

These two firms are defying the broader steel bear market as specialty ally producers. Carpenter’s products include VAC-ARC steel, a steelmaking process that involves remelting the steel with additional chemicals to create a more durable and industry-specific product. This type of steel is used in airplane engines, electronics, military vehicles, including armored vehicles, and other components. The firm also produces high-purity steel that caters to the semiconductor industry and medical devices.