Edgewater 10/14/2010 12:09:28 AM
News / Finance

Iron & Steel Stocks Jumped (VALE, AKS, MT, STLD)

Iron & Steel Stocks on the Move

Vale (ADR) (NYSE:VALE) added 1.87% to $32.64 on about 1.80 million shares. Vale S.A. is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets. It also produces manganese ore, ferroalloys, bauxite, alumina and kaolin. It also produce aluminum, copper, coal, potash, cobalt, platinum group metals (PGMs) and other products.

Over the past 52-week, the stock had traded within the range of $23.58-$34.71 and is up more than 13% year-to-date.

AK Steel Holding Corporation (NYSE:AKS) gained 0.90% to $14.63. AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel).   

So far, the market capitalization of the company stands at $1.61 billion.

ArcelorMittal (ADR) (NYSE:MT) jumped 2.04% to $35.03. ArcelorMittal is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 65 integrated, mini-mill and integrated mini-mill steel-making facilities.

Over the past 52-week, the stock had traded within the range of $26.28-$49.41 and is down more than 24% year-to-date.

Steel Dynamics, Inc. (NASDAQ:STLD) went up 0.54% to $14.86. Steel Dynamics, Inc. is a steel producer and metals recycler. The primary sources of its revenues are from the manufacture and sale of steel products; processing and sale of recycled ferrous and nonferrous metals, and to a lesser degree, fabrication and sale of steel joist and decking products.

Over the past 52-week, the stock had traded within the range of $12.89-$20.47.

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