Steel and Iron Stocks Under Review -- AK Steel, United States Steel, ArcelorMittal, and Gerdau

16 February 2017

Today's focus is on the Steel and Iron industry which continues to benefit from the sustained demand in the automobile and construction sectors. According to a Zacks report, 65% of the companies that have reported in the fourth quarter have put up a 9.6% increase in earnings. Taking into account there are more companies that are yet to report, the sector's earnings are anticipated to rise 4.5% in the quarter. Ahead of this morning's trading session, reviews the performances of: AK Steel Holding Corp. (NYSE: AKS), United States Steel Corp. (NYSE: X), ArcelorMittal (NYSE: MT), and Gerdau S.A. (NYSE: GGB). Learn more about these stocks by downloading their free research reports in PDF format at:

AK Steel

West Chester, Ohio headquartered AK Steel Holding Corp.'s stock finished Tuesday's session 2.17% lower at $8.57. A total volume of 23.54 million shares was traded, which was above their three months average volume of 22.51 million shares. Over the previous three months, the Company's shares have advanced 14.27%. The stock is trading above its 200-day moving average by 36.11%. Moreover, shares of AK Steel Holding, which through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the US and internationally, have a Relative Strength Index (RSI) of 45.74.

On January 24th, 2017, AK Steel reported a net loss of $62.4 million, or $0.22 per diluted share of common stock, for Q4 2016 compared to a net loss of $145.4 million, or $0.82 per diluted share, for Q4 2015. The Company reported adjusted EBITDA of $164.9 million, or 11.6% of net sales, for Q4 2016, compared to adjusted EBITDA of $168.3 million, or 10.9% of net sales, for Q4 2015.

On February 13th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. Sign up and read the free research report on AKS at:

United States Steel

Shares in Pittsburgh, Pennsylvania headquartered United States Steel Corp. declined 1.08%, ending yesterday's session at $39.28 with a total trading volume of 13.80 million shares. The stock has gained 20.30% in the past month, 53.01% in the previous three months, and 19.17% on an YTD basis. The Company's shares are trading 13.18% above their 50-day moving average and 67.22% above their 200-day moving average. Moreover, shares of United States Steel, which produces and sells flat-rolled and tubular steel products in North America and Europe, have an RSI of 64.56.

On February 03rd, 2017, United States Steel announced two executive appointments. James F. Dudek has been named Vice President - asset revitalization & manufacturing excellence, and Pipasu H. Soni will serve as Vice President - finance. Both appointments were effective February 01st, 2017.

On February 06th, 2017, research firm Argus upgraded the Company's stock rating from 'Hold' to 'Buy'. The complimentary research report on X can be downloaded at:


On Tuesday, Luxembourg headquartered ArcelorMittal's stock saw a slight drop of 0.65%, to close the day at $9.16. A total volume of 19.19 million shares was traded, which was above their three months average volume of 17.96 million shares. The Company's shares have advanced 13.93% in the last one month, 30.30% in the previous three months, and 25.48% on an YTD basis. The stock is trading 15.37% and 43.50% above its 50-day and 200-day moving averages, respectively. Additionally, shares of ArcelorMittal, which together with its subsidiaries, operates as an integrated steel and mining company worldwide, have an RSI of 71.18.

On February 10th, 2017, ArcelorMittal reported Steel shipments for Q4 2016 of 20.0 million metric tonnes, up 1.6% compared to 19.7 million metric tonnes for Q4 2015. The Company's sales for Q4 2016 were $14.1 billion compared to $14.0 billion for Q4 2015. ArcelorMittal recorded net income for Q4 2016 of $403 million, or $0.13 earnings per share compared to net loss of $6.7 billion, or $2.89 loss per share, for Q4 2015.

On February 10th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. Register for free on and access the latest report on MT at:


Shares in Porto Alegre, Brazil-based Gerdau S.A. ended the day 0.24% higher at $4.23. A total volume of 4.37 million shares was traded. The stock has gained 4.44% in the last one month, 17.35% in the previous three months, and 34.71% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 14.08% and 49.15%, respectively. Furthermore, shares of Gerdau, which produces and commercializes steel products worldwide, have an RSI of 67.17. Get free access to your research report on GGB at:

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