NEW YORK, March 14, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on STLD, TMST, X, and AKS which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com shifts focus on the Steel and Iron space, which is a basis for the development of a number of industries in the global economy: Defense; Transportation and Heavy Engineering; and Energy and Construction, including Aeronautical and Shipping Construction. Under observation this morning are the following stocks: Steel Dynamics Inc. (NASDAQ: STLD), TimkenSteel Corp. (NYSE: TMST), United States Steel Corp. (NYSE: X), and AK Steel Holding Corp. (NYSE: AKS). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Fort Wayne, Indiana headquartered Steel Dynamics Inc.'s stock finished Tuesday's session 0.55% higher at $47.24. A total volume of 5.24 million shares was traded, which was above their three months average volume of 2.69 million shares. Over the last month and the previous three months, the Company's shares have advanced 8.42% and 16.07%, respectively. Additionally, the stock has gained 37.33% over the past year. Shares of the Company are trading above their 50-day and 200-day moving averages by 2.17% and 21.92%, respectively. Moreover, shares of Steel Dynamics, which together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the US and internationally, have a Relative Strength Index (RSI) of 51.79.
On February 20th, 2018, Steel Dynamics announced that its Board of Directors has declared a quarterly cash dividend of $0.1875 per common share - a 21% increase over the Company's 2017 quarterly rate. The dividend is payable on or about April 13th, 2018, to shareholders of record at the close of business on March 31st, 2018. Get the full research report on STLD for free by clicking below at: www.wallstequities.com/registration/?symbol=STLD
Shares in Canton, Ohio headquartered TimkenSteel Corp. declined 1.37%, ending yesterday's session at $17.29 with a total trading volume of 315,706 shares. The stock has gained 18.51% in the past month and 28.36% in the previous three months. The Company's shares are trading 2.50% above their 50-day moving average and 11.80% above their 200-day moving average. Moreover, shares of TimkenSteel, which manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide, have an RSI of 53.61. Find your free research report on TMST at: www.wallstequities.com/registration/?symbol=TMST
United States Steel
On Tuesday, Pittsburgh, Pennsylvania headquartered United States Steel Corp.'s stock saw a drop of 7.64%, to close the day at $40.24. A total volume of 22.79 million shares was traded, which was above their three months average volume of 12.99 million shares. The Company's shares have advanced 17.52% in the last month, 21.10% in the previous three months, and 12.47% over the past year. The stock is trading 0.85% and 37.62% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which produces and sells flat-rolled and tubular steel products primarily in North America and Europe, have an RSI of 43.22.
On March 02nd, 2018, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On March 09th, 2018, United States Steel's President and CEO David B. Burritt announced the advancement of Vice President and Chief Human Resources Officer Barry Melnkovic to Senior Vice President and Chief Human Resources Officer, effective March 01st, 2018. Melnkovic will continue to report to Burritt. Sign up today for the free research report on X at: www.wallstequities.com/registration/?symbol=X
AK Steel Holding
Shares in West Chester, Ohio headquartered AK Steel Holding Corp. ended the day 3.17% lower at $5.19. A total volume of 13.88 million shares was traded. The stock has gained 15.33% in the last month. The Company's shares are trading below their 200-day moving average by 7.74%. Furthermore, shares of AK Steel, 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 42.84.
On March 08th, 2018, AK Steel said that it strongly supports President Trump's announcement that imports of steel products will be subject to a 25% tariff. The President's action that day follows a Section 232 investigation initiated by the Department of Commerce in April 2017, which concluded that foreign steel imports threaten to impair US national security. Wall St. Equities' research coverage also includes the downloadable free report on AKS at: www.wallstequities.com/registration/?symbol=AKS
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