Pre-Market Analysis on AK Steel, Companhia Siderurgica Nacional, Steel Dynamics, Tenaris, and Ternium

Tue Mar 19, 2013 8:01am EDT

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LONDON,  March 19, 2013  /PRNewswire/ --

With construction activity in the U.S. seeing a rebound, the outlook for steel &
iron industry has improved significantly. The industry is also expected to
benefit as the Chinese economy continues to pick up pace. Over the past decade, 
China  has been a major consumer of steel and iron, however, a slowdown in the
world's second largest economy in 2012 had a negative impact on the industry.
For companies such as AK Steel Holding Corporation (NYSE: AKS), Companhia
Siderurgica Nacional (NYSE: SID), Steel Dynamics Inc. (NASDAQ: STLD), Tenaris
S.A. (NYSE: TS), and Ternium S.A. (NYSE: TX),  China  will be the key growth
driver in 2013. On Monday, steel & iron stocks fell sharply, tracking losses in
the broad market, which fell amid concerns that  Cyprus's  bailout agreement
would trigger a bank run in troubled Eurozone economies. StockCall has posted
free technical research on AKS, SID, STLD, TS, and TX which can be downloaded
upon sign up at

AK Steel Holding Corp.'s shares slipped in trading on Monday, ending the day
0.55% lower at  $3.59  on volume of 4.09 million. Despite the pullback
yesterday, AK Steel's shares have gained more than 1.40% in the last three
trading sessions. However, year-to-date, the stock has underperformed the broad
market, falling nearly 22%. The company's shares currently have support at 
$3.50. The stock currently faces resistance at around  $3.80. Sign up and read
the complimentary report on AKS at   

Companhia Siderurgica Nacional slipped yesterday, extending its losses from the
previous sessions. The stock closed 0.81% lower at  $4.91  on volume of 3.58
million on Monday, taking its losses in the last three sessions to more than
4.80%. The stock has underperformed the S&P 500 this year, falling nearly
16.80%. The stock's MACD has just crossed below the signal line, which is a
strong bearish signal. Companhia Siderurgica currently has support at around 
$4.80.  The free report on SID can be downloaded by signing up now at   

Steel Dynamics Inc. has been one of the best performing stocks in the steel &
iron sector so far in 2013. Year-to-date, the stock has gained nearly 12%,
outperforming the S&P 500. On Monday, though, the stock saw a slight pullback as
the broad market came under pressure. The steel and iron company's shares ended
0.64% lower at  $15.37  on volume of 2.39 million. The stock is currently facing
stiff resistance at around  $16. The stock's MACD crossed below the signal line
recently, which is a bearish signal. Free report on STLD can be accessed by
registering at   

Shares of Tenaris S.A. fell sharply in Monday's session, ending the day 1.57%
lower at  $40.14  on above average volume of 1.47 million. The stock has now
fallen more than 4% this year, compared to a gain of over 8.80% for the S&P 500.
Tenaris' shares are currently trading below their 50-day moving average. The
stock has traded in a very tight range over the past couple of weeks. Recent
volume activity suggests that market sentiment has turned bearish on the stock.
Register with StockCall and download the research on TS for free at   

 Ternium S.A. shares also fell sharply in its last trading session, closing
1.93% lower at  $19.81  on volume of 519,631. Year-to-date, the stock has fallen
nearly 16%. Ternium's shares have slipped below the  $20  support level, which
is a strong bearish signal. The stock is also trading below its 50-day and
200-day moving averages, which further confirms the bearish trend. The stock's
MACD is also trading below the zero-line. Read the full free research on TX by
signing up to StockCall at   

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William T. Knight, Email:, Contact Number: +1-646-396-9857
(9:00 am EST - 01:30 pm EST)

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