Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
It’s a sea of red out there on Friday as investors recoil from anything with exposure to the global economy. But steel producers? They can’t get enough of them.
The S&P 500 steel index was up 0.8% in afternoon trading, with AK Steel Holding (AKS) up 3.6%, Nucor Corp. (NUE) up 1.1% and United States Steel Corp. (X) up 1.9%.
