While there are many ways to play the theme of industrial recovery, there is a set of companies, who don't come into headlines very often but a very high correlation between how the economy as whole is doing and a sector in particular. So while steel companies may come into news because of what happens to commodity prices and China, but the companies, which supply consumables like refractory material to them, don't come into the headlines. It is not only steel or metal, there are a host of sectors where there are niche players who supply critical input to another industry and their bottomline growth is linked to what is happening in the mother industry. Now there is little doubt that one after another things are turning better for many sectors, so some of these companies which supply industrial consumables are also coming into focus.
