SOURCE: StockCall

StockCall

August 25, 2010 08:55 ET

Research on AK Steel Holding and Steel Dynamics -- Steel & Iron Industry Overview

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 25, 2010) -  www.stockcall.com/ offers investors comprehensive research on the steel & iron industry and has completed analytical research on AK Steel Holding Corp. (NYSE: AKS) and Steel Dynamics Inc. (NASDAQ: STLD). Register with us today at www.stockcall.com/ to have free access to these researches. 

Lower housing sales figures and higher unemployment, as well as concerns over global demand for steel and iron decreasing, may have some companies and investors worried. However, the steel and iron industry has positive indicators as well. With production being cut back in China over the last few months due to an oversupply, companies are now resuming previous production levels as inventories have gone down. An announcement from the Chinese government concerning an economic stimulus package designed at developing the Western and central areas of the country have also bolstered the industry's outlook. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the steel & iron industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the steel & iron industry can have easy and free access to our analyst research and opinions on AK Steel Holding Corp. and Steel Dynamics Inc.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

A plus for the industry's ore producers is the recent turmoil and export ban on iron ore from India. India is the third-largest iron ore exporter, but government tax increases as well as outright bans and freight charges have put a damper on their foreign delivery. The new rules and taxes on exports are designed to increase domestic supply. Some predictions have iron ore exports from India dropping by as much as 35 percent this year over the same period in 2009. While this is good for producers it may drive up prices for companies purchasing iron ore and steel products. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

Results for this quarter for AK Steel Holding Corp. beat Wall Street forecasts with earnings at $26.7 million including one time charges. The company experienced a nice surge in revenue to $1.6 billion with higher shipment largely contributing to the result. Conversely, Steel Dynamics Inc. posted quarterly readings that were below analysts' expectations with revenue of $1.63 billion and earnings per share of $0.22. Investors can register for free to access the research reports on AK Steel Holding Corp. and Steel Dynamics Inc. at www.stockcall.com/AKS250810.pdf or www.stockcall.com/STLD250810.pdf.

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