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StockCall Scrutinizes United States Steel, Gerdau, Mechel OAO, and Commercial Metals



StockCall Scrutinizes United States Steel, Gerdau, Mechel OAO, and Commercial
                                    Metals

PR Newswire

LONDON, March 8, 2013

LONDON, March 8, 2013 /PRNewswire/ --

2012 was a challenging year for the Steel & Iron industry mainly due to a
slowdown in the Chinese economy. Over the past decade, China has been a major
consumer of steel and iron ore. The country requires steel and iron ore for
its large infrastructure projects. As the world's second largest economy
slowed down in 2012, the pace of construction activity also slumped. However,
the Chinese economy has rebounded since the beginning of this year. This
augurs well for the Steel & Iron companies such as United States Steel
Corporation (NYSE: X), Gerdau SA (NYSE: GGB), Mechel OAO (NYSE: MTL) and
Commercial Metals Company (NYSE: CMC). Apart from China, the continuing
improvement in construction activity in the U.S. should also benefit the Steel
& Iron industry. On Thursday, though, shares of steel & iron companies ended
mostly lower even as the broad market edged higher. StockCall reviewed the
Steel & Iron industry and chose X, GGB, MTL, and CMC for its technical
coverage. These free reports can be seen for free at

http://www.stockcall.com/signup

Shares of United States Steel Corporation edged lower in Thursday's trading
session. The stock closed 0.43% lower at $20.67 on volume of 6.04 million. X's
shares fell to an intra-day low of $20.65 on Thursday. Despite the pullback
yesterday, United States Steel's shares have gained more than 3% in the last
three trading sessions. However, year-to-date, the stock has fallen more than
13%. The company's shares are currently trading below their 50-day and 200-day
moving averages, which is a bearish signal. However, the stock's MACD chart
suggests that market sentiment may have turned bullish on the stock. Download
the free research on X by signing up now at

http://www.StockCall.com/X030813.pdf

Shares of Gerdau SA ended marginally higher in Thursday's trading session. The
stock closed 0.37% higher at $8.11 on above average volume of 6.89 million.
Gerdau's shares have now gained more than 1% in the last three trading
sessions. Year-to-date, the stock has fallen nearly 10%, underperforming the
S&P 500, which is up more than 8.20% this year. The company's shares are
currently trading below their 50-day and 200-day moving averages, which is a
bearish signal. However, recent volume activity suggests that the bearish
trend may have come to an end. Register for today's free analysis on GGB at

http://www.StockCall.com/GGB030813.pdf

Shares of Russia-based Mechel OAO slipped in Thursday's trading session. The
stock closed 0.73% lower at $5.42 on volume of 1.11 million. Despite the
pullback yesterday, Mechel's shares have gained nearly 3.50% in the last three
trading sessions. However, the stock is still down nearly 22% for the year.
Shares of MTL are currently trading well below their 52-week high of $11.20.
The stock has seen a series of lows since the start of this year, which is a
bearish signal. Free report on MTL can be accessed by registering at

http://www.StockCall.com/MTL030813.pdf

Shares of Commercial Metals Co. also slipped in Thursday's trading session,
closing 0.61% lower at $16.38 on volume of 663,156. Year-to-date, the
company's shares have gained more than 10%, outperforming the broad market.
The stock is currently facing resistance at around $16.50. Recent volume
activity suggests that market sentiment is bullish on the stock. Register with
StockCall and download the research on CMC for free at

http://www.StockCall.com/CMC030813.pdf

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SOURCE StockCall.com

Contact: Contact Person: William T. Knight, Email: info@stockcall.com, Contact
Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
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