SOURCE: StockCall


November 09, 2010 08:13 ET

Equity Research on Arcelor Mittal and AK Steel Holding Corp. - High Costs and Slowing Demand Hurt Steel Sector

JOHANNESBURG, SOUTH AFRICA--(Marketwire - November 9, 2010) - offers investors comprehensive research on the steel & iron industry and has completed analytical research on Arcelor Mittal (NYSE: MT) and AK Steel Holding Corp. (NYSE: AKS). Register with us today at to have free access to these researches. 

The slow economic recovery in North America and Europe has hurt the Steel and Iron sector. Used in diverse areas of the economy, steel demand has fallen as the global economic growth remains depressed, especially in the construction and automotive industries. It's possible that the sector will see large-scale consolidation and restructuring as it works to correctly position itself in the current environment. Register now at to have free access to our reports on the steel & iron industry. 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 Arcelor Mittal and AK Steel Holding Corp.; investors and shareholders of these companies can simply register for a complimentary membership at

Low demand has been paired with unusually high raw material costs. Iron ore prices nearly doubled recently forcing many companies to raise prices in an attempt to protect their margins. At the same time, the Chinese government has been working to restructure its own steel industry in an attempt to slow down its economy. Some Chinese steel makers are beginning to sell their products overseas at low prices forcing U.S. steel makers to lower their prices as well. Chinese demand for steel has also been softer than usual lately, further exacerbating the global struggle. Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

Global demand is predicted to increase approximately 13% during 2010 and 5% in 2011, however. Globally, steel mills are running at around 70% capacity. The developing world is believed to be consuming 75% of global steel production with China using a gargantuan 45%.

Looking at this quarter's earnings releases so far for the industry, Arcelor Mittal and AK Steel Holding Corp. delivered their results in October with Arcelor posting net income of $1.35 billion on sales of $21.03 billion. Arcelor Mittal research report is accessible for free by registering today at

Conversely, AK Steel Holding Corp. posted a loss for the quarter on elevated iron ore prices. Net loss was at $59.2 million on revenue of $1.57 billion. AK Steel Holding Corp. research report is available for free by signing up now at

About is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines.  

Contact Information