NEW YORK, NY / ACCESSWIRE / July 14, 2017 / U.S. steel stocks surged Thursday after President Trump stated he is considering placing quotas and tariffs on Chinese steel dumping. The S&P 1500 steel sector index spiked by as much as 3 percent after President Trump's comments were reported.

"They're dumping steel and destroying our steel industry, they've been doing it for decades, and I'm stopping it. It'll stop," President Trump said to reporters on a flight from the United States to France on Air Force One, according to Reuters. "There are two ways: quotas and tariffs. Maybe I'll do both," he said.

RDI Initiates Coverage on:

AK Steel Holding Corporation
https://ub.rdinvesting.com/news/?ticker=AKS

United States Steel Corporation
https://ub.rdinvesting.com/news/?ticker=X

AK Steel Holding Corporation's stock jumped 7.10% Thursday, to close the day at $6.64. The stock recorded a trading volume of 33,106,585 shares, which was above its three months average volume of 19,052,400 shares. In the last year, AK Steel Holding Corporation's shares have traded in a range of 3.87 - 11.39. The share price has gained 71.58% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $6.07 is below its 200-day moving average of $7.72. Shares of the company are trading at a Price to Earnings ratio of 25.74. Shares of AK Steel Holding Corporation have fallen approximately 34.97 percent year-to-date.

Access RDI's AK Steel Holding Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=AKS

On Thursday, shares in United States Steel Corporation recorded a trading volume of 30,123,757 shares, which was above the three months average volume of 22,281,300 shares. The stock ended the day 3.76% higher at 23.71. The share price has gained 50.83% from its 52 week low with a 52 week trading range of 15.72 - 41.83.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $20.78 is below its 200-day moving average of $30.22. Shares of United States Steel Corporation have fallen approximately 28.17 percent year-to-date.

Access RDI's United States Steel Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=X

Our Actionable Research on AK Steel Holding Corporation (NYSE: AKS) and United States Steel Corporation (NYSE: X) can be downloaded free of charge at Research Driven Investing.

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