Dallas 2/25/2011 8:14:02 AM
News / Finance

CRS, AKS, WOR, STLD, CMC: Steel Stocks Making a Comeback

Steel Stocks Making a Comeback: CRS, AKS, WOR, STLD, CMC

Carpenter Technology (NYSE:CRS) has risen 1.07% or $.43 to settle at $40.74 a share with a volume of 252,958 shares compared to his three-month average volume of 441,000 shares. For the past 52 weeks the stock has been trading between $28.33 and $45.41 with an average market capitalization of $1.8 billion.

Carpenter Technology Corporation (Carpenter) is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company has two reportable segments: Advanced Metals Operations and Premium Alloys Operations. The Company develops, manufactures and distributes cast/wrought and powder metal stainless steels and special alloys, including high-temperature alloys, controlled expansion alloys, ultra high-strength alloys, implantable alloys, tool and die steels and other specialty metals, as well as cast/wrought titanium alloys.

AK Steel Holding (NYSE:AKS) has lost 1.21% or $.19 a share to settle at $15.56 with a volume of 4.5 million shares compared to its average three-month volume of 8,086,340. For the past 52 weeks the stock has been ranging between $11.34 and $25.24 with an average market capitalization of $1.7 billion.

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). The Company's operations consist of seven steelmaking and finishing plants located in Indiana, Kentucky, Ohio and Pennsylvania that produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled products, and specialty stainless and electrical steels that are sold in hot band, and sheet and strip form.

Worthington Industries (NYSE:WOR) has lost 1.78% or $.34 a share to settle at $18.80 with a volume of 142,151 shares compared to its average three-month volume of 512,616 shares. For the past 52 weeks the stock has been trading between $12 a share and $20.18 a share with an average market capitalization of $1.4 billion.

Worthington Industries, Inc. (Worthington Industries) is a diversified metals processing company, focused on steel processing and manufactured metal products. The Company's manufactured metal products include pressure cylinder products, such as propane, refrigerant, oxygen, hand torch and camping cylinders, scuba tanks and helium balloon kits; light gauge steel framing for commercial and residential construction.

Steel Dynamics (NASDAQ:STLD) lost 0.27% or $0.04 to settle at $18.48 with an increased volume of 2,613,000 shares compared to his three-month average volume of 4,018,000 shares. For the past 52 weeks the stock has been trading between $12.89 and $20.70 with an average market capitalization of $4 billion and a P/E ratio of 28.84.

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. The Company operates in three segments: steel operations, metals recycling and ferrous resources operations, and steel fabrication operations.

Commercial Metals Company (NYSE:CMC) has gained 0.85% or $.14 a share to settle at $16.52 with a volume of 541,183 shares compared to its average three-month volume of 1,400,370. For the past 52 weeks the stock has traded between $12.12 a share and $18.20 a share with a average market capitalization of $1.89 billion.

Commercial Metals Company recycles, manufactures, fabricates and distributes steel and metal products and related materials and services through a network of locations throughout the United States and internationally. The Company operates in five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mills and International Marketing and Distribution. The Americas Recycling segment consists of the scrap metal processing and sales operations.

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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

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