Pre-Market Analysis on AK Steel, Companhia Siderurgica Nacional, Steel Dynamics, Tenaris, and Ternium

    Pre-Market Analysis on AK Steel, Companhia Siderurgica Nacional, Steel
                        Dynamics, Tenaris, and Ternium

PR Newswire

LONDON, March 19, 2013

LONDON, March 19, 2013 /PRNewswire/ --

With construction activity in the U.S. seeing a rebound, the outlook for steel
& iron industry has improved significantly. The industry is also expected to
benefit as the Chinese economy continues to pick up pace. Over the past
decade, China has been a major consumer of steel and iron, however, a slowdown
in the world's second largest economy in 2012 had a negative impact on the
industry. For companies such as AK Steel Holding Corporation (NYSE: AKS),
Companhia Siderurgica Nacional (NYSE: SID), Steel Dynamics Inc. (NASDAQ:
STLD), Tenaris S.A. (NYSE: TS), and Ternium S.A. (NYSE: TX), China will be the
key growth driver in 2013. On Monday, steel & iron stocks fell sharply,
tracking losses in the broad market, which fell amid concerns that Cyprus's
bailout agreement would trigger a bank run in troubled Eurozone economies.
StockCall has posted free technical research on AKS, SID, STLD, TS, and TX
which can be downloaded upon sign up at

AK Steel Holding Corp.'s shares slipped in trading on Monday, ending the day
0.55% lower at $3.59 on volume of 4.09 million. Despite the pullback
yesterday, AK Steel's shares have gained more than 1.40% in the last three
trading sessions. However, year-to-date, the stock has underperformed the
broad market, falling nearly 22%. The company's shares currently have support
at $3.50. The stock currently faces resistance at around $3.80. Sign up and
read the complimentary report on AKS at 

Companhia Siderurgica Nacional slipped yesterday, extending its losses from
the previous sessions. The stock closed 0.81% lower at $4.91 on volume of 3.58
million on Monday, taking its losses in the last three sessions to more than
4.80%. The stock has underperformed the S&P 500 this year, falling nearly
16.80%. The stock's MACD has just crossed below the signal line, which is a
strong bearish signal. Companhia Siderurgica currently has support at around
$4.80. The free report on SID can be downloaded by signing up now at 

Steel Dynamics Inc. has been one of the best performing stocks in the steel &
iron sector so far in 2013. Year-to-date, the stock has gained nearly 12%,
outperforming the S&P 500. On Monday, though, the stock saw a slight pullback
as the broad market came under pressure. The steel and iron company's shares
ended 0.64% lower at $15.37 on volume of 2.39 million. The stock is currently
facing stiff resistance at around $16. The stock's MACD crossed below the
signal line recently, which is a bearish signal. Free report on STLD can be
accessed by registering at 

Shares of Tenaris S.A. fell sharply in Monday's session, ending the day 1.57%
lower at $40.14 on above average volume of 1.47 million. The stock has now
fallen more than 4% this year, compared to a gain of over 8.80% for the S&P
500. Tenaris' shares are currently trading below their 50-day moving average.
The stock has traded in a very tight range over the past couple of weeks.
Recent volume activity suggests that market sentiment has turned bearish on
the stock. Register with StockCall and download the research on TS for free at 

Ternium S.A. shares also fell sharply in its last trading session, closing
1.93% lower at $19.81 on volume of 519,631. Year-to-date, the stock has fallen
nearly 16%. Ternium's shares have slipped below the $20 support level, which
is a strong bearish signal. The stock is also trading below its 50-day and
200-day moving averages, which further confirms the bearish trend. The stock's
MACD is also trading below the zero-line. Read the full free research on TX by
signing up to StockCall at 

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