Strong Automotive Markets, Increased Volume, and Price Changes Impact Guidance - Research Report on U.S. Steel, Nucor,

Strong Automotive Markets, Increased Volume, and Price Changes Impact Guidance
  - Research Report on U.S. Steel, Nucor, ArcelorMittal, AK Steel, and Steel
                                   Dynamics

PR Newswire

NEW YORK, June 20, 2013

NEW YORK, June 20, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Wall Street Reports announced new research reports highlighting United
States Steel Corporation (NYSE: X), Nucor Corporation (NYSE: NUE),
ArcelorMittal (ADR) (NYSE: MT), AK Steel Holding Corporation (NYSE: AKS), and
Steel Dynamics, Inc. (NASDAQ: STLD). Today's readers may access these reports
free of charge - including full price targets, industry analysis and analyst
ratings - via the links below.

United States Steel Corporation Research Report

On June 10, 2013, United States Steel Corporation (U.S. Steel) announced the
appointment of Christine S. Breves to the position of Vice President and Chief
Procurement Officer, effective July 1, 2013. In this position, Breves will be
responsible for the enhancement and execution of the global procurement and
sourcing strategy for the Company, with an emphasis on driving business
performance improvements by optimizing the Company's procurement spend. She
will replace Michael J. Hatcher, who has held the position since 2009 and will
transition to Vice President of Business Development and Real Estate. The Full
Research Report on United States Steel Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.wsreports.com/r/full_research_report/8b22_X]

Nucor Corporation Research Report

On June 13, 2013, Nucor Corporation (Nucor) announced its guidance for Q2 FY
2013 (period ending June 29, 2013). The Company expects its earnings to be in
the range of $0.25 to $0.30 per diluted share, which matches closely with its
Q1 FY 2013 earnings of $0.26 per diluted share, but represents a decrease from
its Q2 FY 2012 earnings of $0.35 per diluted share. For Q2 FY 2013, Nucor
stated that its overall operating performance in the steel mills segment is
down compared to Q1 FY 2013, with weaker performance in sheet and structural
steel, partially offset by improvement in plate. However, its fabricated
construction products business is projected to return to profitability in Q2
FY 2013 after the typical seasonal slowdown in Q1 FY 2013 led to a moderate
loss. The Company also stated that thus far in 2013 non-residential
construction markets continued to lack sustained momentum, but are slowly
improving from historically low levels. Full Research Report on Nucor
Corporation - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/f2b1_NUE]

ArcelorMittal (ADR) Research Report

On June 17, 2013, ArcelorMittal Belval and Differdange, a production site
under ArcelorMittal, announced that it has started operating the modernized
electric arc furnace at the Esch-Belval steelworks. The upper and lower
vessels were replaced during the two weeks of conversion work and a new
fin-type bottom electrode was installed. The electric arc furnace was started
in mid-April 2013. The Company reported that its old furnace's production
record of 30 batches per day was equaled in May 2013 following a short test
phase. With this modernization effort, the Company stated that its plant's
production capacity has increased to one million tonnes of crude steel per
year. The Full Research Report on ArcelorMittal (ADR) - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/6fd8_MT]

AK Steel Holding Corporation Research Report

On June 17, 2013, AK Steel Holding Corporation (AK Steel) provided guidance
for its Q2 2013 financial results. The Company expects shipments to increase
between 3.9% and 5.4% QoQ to the range of 1.3 million and 1.4 million ton in
Q2 2013, reflecting the Company's anticipation of increased shipments to the
automotive market and carbon spot market compared to Q1 2013. AK Steel expects
its average selling price per-ton for Q2 2013 to decrease by 0.7% QoQ to about
$1,055 per ton. The Company stated that the expected decrease in average
selling price is primarily due to lower spot market prices for carbon steel
products compared to Q1 2013, though it stated that pricing has been more
favorable in recent weeks. On May 23, 2013 and June 13, 2013, the Company had
announced price increases on carbon flat-rolled steel products. Q2 2013
financial results will also include the effect of planned seven-day
maintenance outage at its Middletown blast furnace and a non-cash income tax
expense of approximately $11 million, or $0.08 per diluted share of common
stock. As a result of these factors, AK Steel expects to incur a net loss
between $0.33 and $0.38 per diluted share in Q2 2013. The Full Research Report
on AK Steel Holding Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/bebf_AKS]

Steel Dynamics, Inc. Research Report

On June 17, 2013, Steel Dynamics, Inc. (Steel Dynamics) announced its Q2 2013
earnings guidance in the range of $0.10 to $0.14 per diluted share, a decline
compared to $0.21 per diluted share in Q1 2013 and $0.20 per diluted share in
Q2 2012. Overall steel shipments for Q2 2013 are expected to be slightly
higher compared to Q1 2013, as decreases in merchant bar volume are expected
to be more than offset by increased sheet and other long product shipment,
including engineered special-bar-quality products and standard railroad rail.
Margin compression, caused by declines in average consecutive quarterly sheet
and structural steel pricing, is however expected to offset the volume
improvement, resulting in reduced profitability from the Company's steel
operations. Compared to Q1 2013, financial results are expected to be lower
for metal recycling. On a positive note, the Company's fabrication operation
is expected to remain profitable in Q2 2013. The Full Research Report on Steel
Dynamics, Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/194a_STLD]

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