SOURCE: Wall Street Equity Research

Wall Street Equity Research

September 01, 2010 08:51 ET

Analyst Study on United States Steel and Precision Castparts - Not Yet There But Very Close

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 1, 2010) -  www.wallstreetequityresearch.com brings investors market knowledge on the aspects moving the metal fabrication stocks, and offers complete analytical research on companies like United States Steel Corp. (NYSE: X) and Precision Castparts Corp. (NYSE: PCP). Register with www.wallstreetequityresearch.com today to gain full access to our complimentary research on these metal fabrication's stocks.

The steel industry has come a long way since this time last year when capacity utilization was underneath 50%. The industry has by no means made a full recovery but a combination of factors indicate that it is well on its way back. 

www.wallstreetequityresearch.com is a specialized website where investors can have specific access to complimentary reports on metal fabrication industry; traders looking for analysis on United States Steel Corp., Precision Castparts Corp. and other players in the industry are welcomed to sign up for free at http://www.wallstreetequityresearch.com/.

The doubling of shipments and a 120% rise in sales during the 2nd quarter were strong signs the industry was moving in the right direction. Like most good economic news lately it does come with some negative news as well. Steel companies are still struggling with the debt incurred during the height of the recession. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting companies in the metal fabrication industry.

The amount of time steel spends in storage is a good statistical representation of the rebounding but not recovered industry. Currently, steel is spending an average of 55 days in storage before being shipped compared to 85 days during the worst of the recession.

There is also fear that the construction boom in China is leveling out and demand for steel in the region could slide.

While there are signs pointing to a full recovery for the steel industry, they should be tempered with indications that it may not happen in the foreseeable future.

For the second quarter of this year, United States Steel Corp. recorded a loss of $25 million even as revenue increased two-folds to $4.68 billion. Investors can register today at http://wallstreetequityresearch.com/September012010UnitedStatesSteelCorp.(X)010910.php to download the full report on United States Steel Corp.

Precision Castparts Corp. saw its sales for the quarter surge by 5.6% to $1.45 billion. Investors can access free research on Precision Castparts Corp. now by signing up at http://wallstreetequityresearch.com/September012010PrecisionCastpartsCorp.(PCP)010910.php.

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Wall Street Equity Research looks to bring simplicity and highly sophisticated research to an ever-changing investing environment. Wall Street Equity Research has been partnering with a number of North American and Emerging Economies analysts to bring you the best of both continents in terms of market analysis and analytical opinions. 

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