Top Iron & Steel Stocks are VALE, AKS, MT, MTL

Vale (ADR) (NYSE:VALE) climbed up 1.91% over its previous day’s price and now trades at $26.68 on a massive volume of 6.29 million shares.  The stock has a 52-week range of $11.82-$31.96. Yara International ASA announced that it has agreed with Vale to sell its shares in Fertilizantes Fosfatados SA Fosfertil in Brazil for USD 785 million. Yara will also sell its stake in the Anitapolis phosphate rock project to Vale at the same time. Yara owns directly and indirectly 15.5% of Fosfertil following the acquisition of Fertibras in 2006.   

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AK Steel Holding Corporation (NYSE:AKS) jumped 3.42% to $21.46 on a massive volume of 2.76 million shares. The stock has a 52-week range of $5.39-$26.75. AK Steel Holding Corporation (AK Holding) is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel).

ArcelorMittal (ADR) (NYSE:MT) is amongst the top gainer in the early few hours. The stock has spurted 2.46% and is trading at $39.64 with a massive volume of 2.29 million shares. The stock has a 52-week range of $16.28-$49.41. ArcelorMittal is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 66 integrated, mini-mill and integrated mini-mill steel-making facilities. ArcelorMittal operates its business in six operating segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS); Stainless Steel; and Arcelor Mittal Steel Solutions and Services.

Mechel OAO (ADR) (NYSE:MTL) rallied 4.44% to $21.42 on a massive volume of 1.49 million shares. The stock has a 52-week range of $2.92-$26.63.  Mechel OAO (Mechel) is a Russia-based vertically integrated mining, steel, ferroalloys, and power company. The Company also provide coal washing services, both to the coal-mining subsidiaries and to third parties. The steel business comprises the production and sale of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including hardware, stampings, and forgings.

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