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

24 May 2017

The Steel and Iron industry most often consists of companies that produce steel as well as mine for its inputs, like iron ore. Most firms in this space have operations all over the world, as the materials naturally occur in various countries. Today, draws investors' attention to these four stocks: United States Steel Corp., AK Steel Holding Corp. , ArcelorMittal, and Gerdau S.A.. Learn more about these stocks by downloading their free research reports in PDF format at:

United States Steel  

On Monday, shares in Pittsburgh, Pennsylvania headquartered United States Steel Corp. recorded a trading volume of 11.37 million shares. The stock ended the day at $19.47, declining 0.61% from the last trading session. The Company's shares are trading below their 200-day moving average by 30.33%. Furthermore, shares of United States Steel, which produces and sells flat-rolled and tubular steel products primarily in North America and Europe, have a Relative Strength Index (RSI) of 24.50.

On April 28th, 2017, the Company issued a statement regarding the process release at its Midwest Plant in Portage, Indiana on April 11th, 2017. The Company said in its statement that following the controlled, phased, and highly monitored restart at its Midwest Plant, it is maintaining continuous inspection and monitoring of expansion joints, ensuring that they are checked every four hours and are working properly.

On May 10th, 2017, research firm Cowen downgraded the Company's stock rating from 'Outperform' to 'Market Perform' while revising its previous target price from $60 a share to $21 a share. Sign up and read the free research report on X at:

AK Steel  

West Chester, Ohio headquartered AK Steel Holding Corp.'s stock finished yesterday's session flat at $5.55 with a total trading volume of 7.44 million shares. The Company's shares are trading below their 50-day moving average by 17.74%. Shares of the Company, which through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the US and internationally, have an RSI of 35.17.

On May 19th, 2017, research firm Longbow initiated a 'Neutral' rating on the Company's stock.

On May 19th, 2017, AK Steel Holding Coshocton (Ohio) Works has received a special award for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. The award is part of a collaborative safety awareness program established by the Coshocton County Safety Council and the Chamber of Commerce. The complimentary research report on AKS can be downloaded at:


Shares in Luxembourg headquartered ArcelorMittal ended the session 0.31% higher at $22.69. The stock recorded a trading volume of 6.36 million shares, which was above its three months average volume of 6.14 million shares. The Company's shares have gained 3.61% on an YTD basis. The stock is trading 2.04% above its 200-day moving average. Moreover, shares of ArcelorMittal, which together with its subsidiaries, operates as an integrated steel and mining company worldwide, have an RSI of 46.05.

On May 12th, 2017, ArcelorMittal announced results for the three-month period ended March 31st, 2017. Key highlights for Q1 2017 included operating income of $1.6 billion, EBITDA of $2.2 billion, net income of $1.0 billion, steel shipments of 21.1 Mt, and iron ore shipments of 13.4 Mt. The Company also reported that, due to seasonal working capital investment of $2.2 billion, net debt increased to $12.1 billion as of March 31st, 2017. Register for free on and access the latest report on MT at:


At the closing bell on Monday, Porto Alegre, Brazil-based Gerdau S.A.'s stock dropped 2.08%, finishing at $2.82. A total volume of 11.05 million shares was traded, which was above their three months average volume of 9.14 million shares. The Company's shares are trading 14.18% below their 50-day moving average. Additionally, shares of Gerdau, which provides steel-related products and services worldwide, have an RSI of 41.96.

On May 04th, 2017, Gerdau announced its Q1 2017 results. Consolidated EBITDA for Q1 2017 was R$853 million, with EBITDA margin expansion in relation to Q1 2016 and Q4 2016. Selling, general, and administrative expenses declined by 32% during the quarter, and the financial leverage measured by the ratio of net debt to EBITDA remained stable at 3.5 times, accompanied by deleveraging. Get free access to your research report on GGB at:

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