LONDON, April 17, 2013 /PRNewswire/ --
Over the past decade, the steel & iron industry has seen strong demand from China. The world's fastest growing major economy, however, saw a slowdown in 2012. This had a negative impact on demand for steel & iron. While concerns over a hard landing in China have eased, the world's second largest economy is not expected to grow at the same pace as it did in the past decade. One positive for steel & iron companies such as AK Steel Holding Corporation (NYSE: AKS), Companhia Siderurgica Nacional (NYSE: SID), Steel Dynamics Inc. (NASDAQ: STLD), and Tenaris S.A. (NYSE: TS) has been a rebound in construction activity in the U.S. Steel & iron stocks ended mostly higher on Tuesday, tracking gains in the broad market. StockCall free coverage on AKS, SID, STLD, and TS is available upon registration at
http://www.stockcall.com/register
Shares of AK Steel Holding Corporation's shares rose sharply on Tuesday. The stock closed 1.71% higher at $2.97 on above average volume of 6.91 million after touching an intra-day high of $3.01. Despite the significant gains yesterday, AK Steel's shares have fallen nearly 5.50% in the last three trading sessions. The company's shares have seen a series of lows in the last two months, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Download the free technical research on AKS by signing up at
http://www.StockCall.com/AKS041713.pdf
Shares of Brazil-based Companhia Siderurgica Nacional struggled in trading on Tuesday, even as the broad market rallied. The stock fell to a 52-week low of $3.78 on Monday before finishing the day 1.78% lower at $3.87 on above average volume of 9.80 million. Shares of SID have now fallen 6.75% in the last three sessions. Year-to-date, the stock is down more than 30%, underperforming the broad market. The company's shares are also trading below their 50-day and 200-day moving averages, which is a bearish signal. Register now and get access to the free analysis on SID at
http://www.StockCall.com/SID041713.pdf
Steel Dynamics Inc.'s shares were among the major gainers in the Basic Materials sector on Tuesday. The stock touched an intra-day high of $14.62 before finishing the day 2.11% higher at $14.59 on volume of 2.16 million. Despite the gains yesterday, the stock has fallen more than 3.70% in the last three sessions. Year-to-date, however, Steel Dynamics' shares are still up more than 7%. The stock is trading more than 9% below its 52-week high. Shares of STLD are also trading below their 50-day moving average. Sign up and read the complimentary report on STLD at
http://www.StockCall.com/STLD041713.pdf
Tenaris S.A.'s shares rose sharply on Tuesday, reversing some of the recent losses. The stock closed 3.33% higher at $40.07 on above average volume of 2.29 million. However, the stock is still down more than 4% in the last three trading sessions. Tenaris' shares recently slipped below their 50-day moving average, which is a bearish signal. The stock's MACD has slipped below the signal line, and the zero-line, which further confirms the downbeat trend. Year-to-date, shares of TS have fallen more than 4.40% so far in 2013, underperforming the S&P 500, which gained 10.40% in the same period. The free report on TS can be downloaded by signing up now at
http://www.StockCall.com/TS041713.pdf
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