|Day's Range||6.54 - 6.80|
|52 Week Range||3.87 - 11.39|
|PE Ratio (TTM)||26.28|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Chinese steel prices have been strong this month, with benchmark hot rolled coil prices rising ~6.0% so far in June and currently at a three-month high.
Steel makers like Nucor (NUE), Steel Dynamics (STLD), U.S. Steel (X), and AK Steel (AKS) have gotten beaten up this year, and all hope appears to reside with Section 232 of the Trade Expansion Act of 1962, which allows the U.S. Commerce Department to investigate dumping of imports. Such an investigation of steel imports is underway now, and it's outcome could determine whether the steel sector can rally, or will remain stuck in a rut. After speaking with Earl Comstock, director of the Commerce Department's Office of Policy & Strategic Planning, Jefferies analyst Seth Rosenfeld contend "meaningful Steel Section 232 measure are nearing." They explain: Comstock presented the DOC's outlook for trade policy and Section 232 in the context of a broader review of the US's massive trade deficit, which the administration has identified as a problem.
AK Steel Holding is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front