U.S. Markets close in 1 hr 38 mins

Initiating Free Research Reports on AK Steel and Three Other Steel & Iron Equities

Stock Research Monitor: CMC, MT, and RS

LONDON, UK / ACCESSWIRE / July 27, 2018 / If you want a free Stock Review on AKS sign up now at www.wallstequities.com/registration. WallStEquities.com tracks the recent performance of AK Steel Holding Corp. (NYSE: AKS), Commercial Metals Co. (NYSE: CMC), ArcelorMittal (NYSE: MT), and Reliance Steel & Aluminum Co. (NYSE: RS). The Steel and Iron industry is a basis for the development of a number of industries in the global economy: the defense industry; transportation and heavy engineering; and energy and construction, including aeronautical and shipping construction. All you have to do is sign up today for this free limited time offer by clicking the link below.


AK Steel Holding

West Chester, Ohio headquartered AK Steel Holding Corp.'s stock finished Thursday's session 0.57% lower at $5.19. A total volume of 21.56 million shares was traded, which was above their three months average volume of 12.87 million shares. The Company's shares have advanced 15.59% in the past month and 7.45% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 11.63% and 2.95%, respectively. Furthermore, shares of AK Steel, which through its subsidiary, AK Steel Corp., produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the US and internationally, have a Relative Strength Index (RSI) of 68.95.

On July 09th, 2018, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold' while revising its previous target price from $6 a share to $5 a share.

On July 11th, 2018, AK Steel Holding's Zanesville (Ohio) Works and Coshocton (Ohio) Works have been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Zanesville - Muskingum County - Safety Council and Chamber of Commerce and by the Coshocton County Safety Council and Chamber of Commerce. Get the full research report on AKS for free by clicking below at:


Commercial Metals

Shares in Irving, Texas headquartered Commercial Metals Co. ended at $22.29, down 1.20% from the last trading session. The stock recorded a trading volume of 723,842 shares. The Company's shares have gained 0.86% in the last month, 2.29% in the previous three months, and 14.60% over the past year. The stock is trading 0.45% above its 200-day moving average. Moreover, shares of Commercial Metals, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, have an RSI of 51.01. Gain free access to the research report on CMC at:



Luxembourg City, Luxembourg headquartered ArcelorMittal's stock ended yesterday's session 0.29% lower at $31.26. A total volume of 4.32 million shares was traded, which was above their three months average volume of 2.81 million shares. The Company's shares have advanced 3.54% in the past month and 21.59% over the past year. The stock is trading 1.79% below its 50-day moving average. Additionally, shares of ArcelorMittal, which together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa, have an RSI of 55.98.

On July 20th, 2018, ArcelorMittal announced the publication of Q2 and first-half 2018 EBITDA sell-side analysts' consensus figures. The consensus figures are based on 21 analysts' estimates recorded on an external, web-based tool provided and managed by an independent company, Vuma Financial Services Limited. EBITDA consensus average for Q2 2018 was $2,851 million, while EBITDA consensus average for the first half of 2018 was $5,363 million. Signing up today on Wall St. Equities will give you access to the latest report on MT at:


Reliance Steel & Aluminum

On Thursday, shares in Los Angeles, California headquartered Reliance Steel & Aluminum Co. recorded a trading volume of 1.04 million shares, which was above their three months average volume of 486,430 shares. The stock finished 0.20% higher at $92.11. The Company's shares have advanced 1.84% in the last month and 24.64% over the past year. The stock is trading above its 200-day moving average by 6.03%. Furthermore, shares of the Company, which operates as a metals service center company in the US and internationally, have an RSI of 55.14.

On July 10th, 2018, research firm Jefferies upgraded the Company's stock rating from ‘Hold' to ‘Buy'.

On July 26th, 2018, Reliance Steel & Aluminum reported its results for Q2 ended June 30th, 2018. Net sales of $2.99 billion for the quarter set a new Company record, tons sold were up 2.9%, and gross profit dollars were a record $917.5 million, with a gross profit margin of 30.7%. Pre-tax income for Q2 2018 was a record $306.6 million, and net income attributable to the Company was $230.8 million. Register now for today's free coverage on RS at:


Wall St. Equities:

Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

WSE has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@wallstequities.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://wallstequities.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@wallstequities.com
Phone number: 21 32 044 483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Wall St. Equities