DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Steel & Iron Stocks: Steel Dynamics Inc. (Nasdaq: STLD), U.S. Steel Corp. (NYSE: X), AK Steel Holding Corp. (NYSE: AKS), Nucor Corp. (NYSE: NUE), Arcelor Mittal (NYSE: MT) and Rio Tinto plc (NYSE: RTP).
In the Trade Alert, the author highlights Steel Dynamics’ benefiting from the new stimulus package:
“Steel Dynamics Inc. (STLD) shares surged 10.10% to $12.97 Wednesday, after news of expected benefits from President Obama's stimulus package. Steel Dynamics, together with its subsidiaries, engages in the manufacture and sale of steel products in the United States. … Steel Dynamics, the sixth-largest steel maker in the United States, said steel companies would benefit from the proposed stimulus package if it helps end-costumers in the automobile and construction industries. The company said all of its divisions, including the scrap and fabrication divisions, are expected to be profitable in the first quarter, except the Steel West Virginia division.”
The Trade Alert author also featured U.S. Steel’s posting of an eightfold increase in fourth-quarter earnings:
“U.S. Steel Corp. (X) shares gained 8% Wednesday morning, trading at $34.01. U.S. Steel produces steel products. It operates through three segments: Flat-rolled Products, U. S. Steel Europe and Tubular Products. … The company recently posted an eightfold increase in fourth-quarter earnings, making it the only steel producer in the United Stated to show improvement. U.S. Steel also reported fourth-quarter 2008 net income of $308 million, or $2.65 per diluted share, compared to fourth-quarter 2007 net income of $35 million, or 29 cents per diluted share. Its fourth-quarter 2008 net income was increased by $76 million, or 65 cents per diluted share.”
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