EdgeWater 11/29/2010 11:41:40 PM
News / Business

Iron & Steel Stocks Fell On Friday (VALE, CLF, NUE)

Iron & Steel Stocks Fell On Friday

Vale (ADR) (NYSE:VALE) dropped 2.36% to $31.80. The 52-week range of the stock is $23.58-$34.71. The stock soared more than 9% year-to-date.

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.

Cliffs Natural Resources Inc (NYSE:CLF) slid 0.93% to $69.01. The 52-week range of the stock is $39.13-$76.17.

The stock opened at $69 and traded within the range of $68.30-$69.40. At today’s closing market price, the market capitalization of the company stands at $9.35 billion.

Cliffs Natural Resources Inc. formerly Cleveland-Cliffs Inc, is an international mining and natural resources company. The Company is a producer of iron ore pellets in North America, a supplier of direct-shipping lump and fines iron ore out of Australia, and a producer of metallurgical coal.

Nucor Corporation (NYSE:NUE) ended 1.11% lower at $37.54. The 52-week range of the stock is $35.71-$50.72.

The stock opened at $37.65 and was trading within the range of $37.38-$37.68. At today’s closing market price, the market capitalization of the company stands at $11.85 billion.

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