Do you buy into the commodities supercycle as it relates to steel - https://www.bloomberg.com/graphics/2021-... Certainly the strength in steel prices portend plenty of further returns. For example, analysts seem to be severely underestimating US Steel's earnings for the next few quarters. However, it looks like there will be plenty of volatility along the way, and HODling US Steel is the best way. On the other hand, if you believe US Steel earnings are peaking, then US Steel might not have much in its tank left, and waiting for a much more attractive price would be the course of action.

My own personal analysis give a fair value of $50+ and $70 if we were to go back to old multiples. But of course, valuations mean little in today's markets, and prices can stay depressed for long periods of time.