SOURCE: Wall Street Equity Research

Wall Street Equity Research

October 06, 2010 08:56 ET

Analyst Study on AK Steel Holding Corp. and Steel Dynamics Inc. -- The Steel Industry Expected to Hit a Steel Wall in Q3 2010

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 6, 2010) - brings investors market knowledge on the aspects moving the steel & iron stocks, and offers complete analytical research on companies like AK Steel Holding Corp. (NYSE: AKS) and Steel Dynamics Inc. (NASDAQ: STLD). Register with today to gain full access to our complimentary research on these steel & iron stocks.

The total global demand for steel is anticipated to rise to 1.27 billion tons this year. This new record has been led primarily by more speedily recovering emerging markets. However, it is expected that demand will slowdown during the following years for several factors. is a specialized website where investors can have specific access to complimentary reports on the steel & iron industry; traders looking for analysis on AK Steel Holding Corp., Steel Dynamics Inc. and other players in the industry are welcomed to sign up for free at

First, demand in Europe and Russia has been curtailed due to economic woes and isn't expected to recover any time soon. Second, China, the key player in the global steel industry, is also cutting back its usage in an attempt to protect its booming economy by limiting infrastructure spending and real estate development. Steel growth in China should slow to 3.5% in 2011 compared to 6.7% in 2010 and 24.8% in 2009. Visit us at to understand the catalysts and forces driving or affecting companies in the steel & iron industry.

The slowing demand for steel poses a major problem for the Steel and Iron industry as high levels of production and low demand will adversely affect prices. Some steel producers are considering cuts in production levels though cutbacks' efficacy would hinge on industry wide participation which may have questionable legality.

Elsewhere, an increase in Iron Ore prices is expected to hurt some steel producers' profits in Q3. AK Steel Corp. has already warned that it is anticipating an operating loss for its third quarter 2010 results which is due to be posted later this month on October 26th. The company puts this projected loss on high maintenance costs and elevated raw material prices. Investors can register today at to download the full report on AK Steel Holding Corp.

This gloomy forecast is also what Steel Dynamics Inc. believes it will deliver on October 18th, except that the company is not expecting a loss but more of a reduced profit well below Wall Street estimates. Investors can access free research on Steel Dynamics Inc. now by signing up at

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