Steel and Iron Stocks Under the Scanner -- ArcelorMittal, United States Steel, AK Steel Holding, and Gerdau

Jul 21, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, July 21, 2016 /PRNewswire/ --

Today's pre-market research on directs investors' attention to these four Steel & Iron stocks: ArcelorMittal (NYSE: MT), United States Steel Corp. (NYSE: X), AK Steel Holding Corp. (NYSE: AKS), and Gerdau S.A. (NYSE: GGB). Slowing prices in China, the world's largest steel producer, are striking concerns regarding demand. Meanwhile, iron supply is decreasing much faster than anticipated. Let us see how these have affected the recent performances of these stocks. Learn more about these stocks by accessing their free notes at:


Luxembourg headquartered ArcelorMittal's stock finished Wednesday's session 0.37% lower at $5.43. A total volume of 17.06 million shares was traded, which was above their three months average volume of 16.43 million shares. The Company's shares have advanced 2.65% in the past month and 28.67% since the start of this year. The stock is trading 9.34% and 14.47% above its 50-day and 200-day moving averages, respectively. Additionally, shares of ArcelorMittal, which together with its subsidiaries, operate as an integrated steel and mining company worldwide, have a Relative Strength Index (RSI) of 57.70.

On July 13th, 2016, ArcelorMittal announced the expiration and the final results of its tender offers to purchase for cash up to the Maximum Tender Amount in the aggregate of its outstanding 5.125% Notes due June 1st, 2020, 5.250% notes due August 5th, 2020 and 5.500% notes due March 1st, 2021. The Offers expired on July 12th, 2016. Including $110,936,000 aggregate principal amount of the June 2020 Notes were tendered and accepted for purchase by the Company. Including $144,901,000 aggregate principal amount of the August 2020 Notes that were tendered and accepted for purchase by the Company. Including $320,464,000 aggregate principal amount of the 2021 Notes that were tendered at or prior to the Early Tender Time and accepted for purchase by the Company. Visit us today and access your complimentary notes on MT at:

United States Steel  

On Wednesday, shares in Pittsburgh, Pennsylvania headquartered United States Steel Corp. recorded a trading volume of 14.01 million shares. The stock ended the session 2.58% lower at $20.38. The Company's shares have advanced 11.37% in the last one month, 3.05% in the previous three months, and 157.72% on an YTD basis. The stock is trading 21.78% above its 50-day moving average and 61.09% above its 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 62.44.

On July 06th, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Sell' to 'Hold'. The research firm also revised upwards its previous target price from $8 to $15.

On July 20th, 2016, The United Steelworkers announced a settlement in the federal court case brought by the U.S. Department of Labor against United States Steel. Sign up for your free notes on X at:

AK Steel Holding  

Shares in West Chester, Ohio headquartered AK Steel Holding Corp. closed the day 1.10% lower at $5.40 and with a total volume of 10.58 million shares traded. The stock has gained 7.78% in the last month and 8.87% over the previous three months. The Company's shares are trading 20.52% above their 50-day moving average and 59.88% above their 200-day moving average. Additionally, 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 U.S. and internationally, have an RSI of 60.61.

On June 21st, 2016, AK Steel announced that it will increase base prices for all specialty sheet and strip stainless steel products by 3%-6%, effective July 5th, 2016. Register for free on and access the latest notes on AKS at:


At the close, shares in Porto Alegre, Brazil-based Gerdau S.A. ended at $2.04, which was a decline of 2.39%. The stock recorded a trading volume of 7.52 million shares. The Company's shares have advanced 19.30% in the last one month and 70.00% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 14.77% and 35.05%, respectively. Furthermore, shares of Gerdau, which produces and commercializes steel products worldwide, have an RSI of 60.80.

On July 15th, 2016, Bloomberg reported that Gerdau' s $500 million of notes due in 2044 have soared 48% in 2016, more than four times the average gain in emerging markets, as the company ramps up asset sales and steel prices rebound. Get free access to your notes on GGB at:


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