Steel Bounces, and Investors Take Notice – Seeking Alpha

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%.

Comments

No comments found.

{{ commodity.name }}

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now