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 http://www.stockcall.com/signup 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 http://www.StockCall.com/AKS0319X13.pdf 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 http://www.StockCall.com/SID031913.pdf 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 http://www.StockCall.com/STLD031913.pdf 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 http://www.StockCall.com/TS031913.pdf 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 http://www.StockCall.com/TX031913.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: William T. Knight, Email: email@example.com, Contact Number: +1-646-396-9857 (9:00 am EST - 01:30 pm EST)
Pre-Market Analysis on AK Steel, Companhia Siderurgica Nacional, Steel Dynamics, Tenaris, and Ternium
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