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Why United States Steel, Century Aluminum, and Star Bulk Carriers Stocks All Crashed Today

·2 min read
Why United States Steel, Century Aluminum, and Star Bulk Carriers Stocks All Crashed Today

Thursday is looking like a rough day for investors in metals companies -- and in the companies that transport their goods from place to place. As of 1:45 p.m. EDT, shares of United States Steel (NYSE: X) and Century Aluminum (NASDAQ: CENX) were down 7.3% and 8.4%, respectively. Star Bulk Carriers (NASDAQ: SBLK), a carrier of bulk goods such as iron ore for producing steel, bauxite for producing aluminum, and also finished metals products, was down by 6.9%, in line with USX's drop.