Industry Press Releases

Steel & Iron Stocks Under Review -- Steel Dynamics, Nucor, Worthington Industries, and TimkenSteel

Friday, Jan 13, 2017
Pressreleases

The Steel and Iron space is a basis for the development of a number of industries in the global economy including the defense industry, transportation and heavy engineering, and energy and construction. The segment is also closely related to the chemical and light industries. For today, Stock-Callers.com directs investors' attention to these four stocks: Steel Dynamics Inc. (NASDAQ: STLD), Nucor Corp. (NYSE: NUE), Worthington Industries Inc. (NYSE: WOR), and TimkenSteel Corp. (NYSE: TMST). Learn more about these stocks by downloading their free research reports in PDF format at:

http://stock-callers.com/registration

Steel Dynamics

Fort Wayne, Indiana headquartered Steel Dynamics Inc.'s stock finished Wednesday's session 0.16% lower at $37.07 with a total trading volume of 2.95 million shares. Over the last month and the previous three months, the Company's shares have advanced 0.27% and 54.21%, respectively. Additionally, the stock has gained 4.19% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 7.40% and 36.68%, respectively. Moreover, shares of Steel Dynamics, which together with its subsidiaries, manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in the US and internationally, have a Relative Strength Index (RSI) of 55.19.

On January 09th, 2017, Steel Dynamics announced it has revised its Q4 2016 and FY16 earnings conference call time on January 25th, 2017. The call is now scheduled to begin at 9:00 a.m. ET. The Company intends to release its financial results after market close on January 24th, 2017. Sign up and read the free research report on STLD at:

http://stock-callers.com/registration/?symbol=STLD

Nucor

Shares in Charlotte, North Carolina-based Nucor Corp. declined 0.05%, ending yesterday's session at $61.19 with a total trading volume of 2.09 million shares. The stock has gained 29.89% in the previous three months and 2.81% on an YTD basis. The Company's shares are trading 3.08% above their 50-day moving average and 19.15% above their 200-day moving average. Moreover, shares of Nucor, which manufactures and sells steel and steel products in the US and internationally, have an RSI of 51.12.

On January 05th, 2017, in conjunction with Nucor's Q4 2016 earnings release, the Company will have its live conference call with host John Ferriola, Chairman, Chief Executive Officer and President. The event will be available on the Internet January 31st, 2017, at 2 p.m. ET.

On January 09th, 2017, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'. The complimentary research report on NUE can be downloaded at:

http://stock-callers.com/registration/?symbol=NUE

Worthington Industries

On Wednesday, Columbus, Ohio headquartered Worthington Industries Inc.'s stock saw a slight drop of 0.04%, to close the day at $47.58. A total volume of 580,801 shares was traded. The Company's shares have advanced 0.30% on an YTD basis. The stock is trading 8.23% above its 200-day moving average. Additionally, shares of Worthington Industries, which focuses on value-added steel processing and manufactured metal products in the US, Europe, Mexico, Canada, and internationally, have an RSI of 37.69.

On December 12th, 2016, research firm Jefferies downgraded the Company's stock rating from 'Hold' to 'Underperform'.

On December 21st, 2016, Worthington announced that it is changing the brand name of its cold chain storage and transportation products from CryoScience by Taylor-Wharton to Worthington Industries. The product line includes cryogenic refrigerators, freezers, dewars, shippers, accessories and replacement parts for the life sciences, health care and artificial insemination/animal husbandry markets. The brand name change will be effective January 01st, 2017. The Company purchased the global assets of CryoScience by Taylor-Wharton, including the manufacturing facility in Theodore, Alabama, in December 2015. Register for free on Stock-Callers.com and access the latest report on WOR at:

http://stock-callers.com/registration/?symbol=WOR

TimkenSteel

Shares in Canton, Ohio headquartered TimkenSteel Corp. ended the day 1.83% higher at $16.67. A total volume of 555,851 shares was traded. The stock has gained 62.48% in the previous three months and 7.69% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 12.39% and 46.90%, respectively. Furthermore, shares of TimkenSteel, which manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide, have an RSI of 57.16. Get free access to your research report on TMST at:

http://stock-callers.com/registration/?symbol=TMST

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Source:prnewswire.com

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