NEW YORK, NY / ACCESSWIRE / January 10, 2018 / Shares of AK Steel Holding Corporation tumbled on Tuesday with a dramatic increase in trading volume. Negative remarks from firm Jefferies sent shares into the red as the firm is concerned whether or not AK Steel Holding is in position to benefit from the steel demand. Shares of United States Steel Corporation did not have any major news but shares entered red territory most likely following suit after AK Steel Holding sank.

RDI Initiates Coverage on:

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

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

United States Steel Corporation shares closed down 2.56% on about 11.2 million shares on Tuesday. While there was no news to explain the move, the drop may have happened as a result of fellow industry company AK Steel Holding suffering a drop after negative remarks from Jefferies. Analysts are waiting for United States Steel Corporation to announce earnings on January 30th and are looking to see EPS of $0.63. So far January has been a strong month for steel stocks despite the losses yesterday for United States Steel. Many are looking at how domestic and international developments may affect the industry. President Donald Trump may be announcing infrastructure plans this year which could be a catalyst for even more steel demand in the U.S.

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

AK Steel Holding Corporation shares closed down 8.28% yesterday on trading volume more than double compared to usual. The decline in share price may have been the result of negative analyst remarks. Jefferies has downgraded the stock from "buy" to "hold" citing concerns about the company not being able to benefit from the increase in demand for steel industrywide. The firm also has concerns over the possibility of a secondary stock offering that could dilute shareholders buying at these current levels. Despite the concerns, Jefferies actually raised their price target on the stock to $6.50 a share from $5.25. Shares of the stock tumbled 45% in 2017 in comparison to rival United States Steel Corporation who ended the year up roughly 6%.

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

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

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