Featured Research Report on Steel and Iron’s Stocks

LONDON, UK / ACCESSWIRE / June 3, 2016 / ActiveWallSt.com announces the list of stocks for today’s research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Steel & Iron industry. Companies recently under review include Nucor, Commercial Metals, TimkenSteel, and Reliance Steel & Aluminum. Register with us now for your free membership and see our complete reports on these equities at:

http://www.activewallst.com/register/

Today, ActiveWallSt.com is promoting its equity research coverage. Get all of our research report free by signing up to http://www.activewallst.com/register/.

Weaker demand in China had the global Steel and Iron industry facing its worst month in May 2016, so a number of commodities traders and equity investors have been keeping a close watch on a few stocks in this space. Since the start of June, fluctuations in the industry have narrowed giving investors a glimmer of hope. Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions. Register now and access these stocks full reports at:
http://www.activewallst.com/register/

Nucor Corp. (NYSE: NUE)

On Thursday, shares in North Carolina-based steel and steel products manufacturer and seller, Nucor Corp., recorded a trading volume of 1.86 million shares. The stock ended the session 0.74% higher at $49.16. The Company’s shares have gained 0.88% in the last one month, 15.92% over the previous three months, and 22.97% since the start of this year. The stock is trading 2.29% above its 50-day moving average and 16.77% above its 200-day moving average. Moreover, shares of Nucor have a Relative Strength Index (RSI) of 60.09. On May 10th, 2016, research firm Rosenblatt reiterated its ‘Neutral’ rating with an increase of the target price to $51 a share from $47 a share for the Company’s stock.

Commercial Metals Co. (NYSE: CMC)

Commercial Metals Co. is a manufacturer, recycler, and marketer of steel and metal products, and related materials and services in the U.S. and globally. The Company’s stock closed the day at $16.97, which was a correction of 2.36%. A total volume of 2.77 million shares was traded, which was above their three months average volume of 1.71 million shares. The Company’s shares have advanced 10.05% in the previous three months and 25.98% on an YTD basis. The stock is trading 12.28% above its 200-day moving average. Additionally, shares of Commercial Metals have an RSI of 48.52. Yesterday, research firms Bank of America/ Merrill issued a ratings downgrade from ‘Neutral’ to ‘Underperform’ for the Company’s stock.

TimkenSteel Corp. (NYSE: TMST)

Shares in TimkenSteel Corp., which is a manufacturer and seller of alloy steel, and carbon and micro-alloy steel products globally, recorded a trading volume of 1.15 million shares, which was higher than their three months average volume of 860,350 shares. The stock ended yesterday’s trading session 0.21% higher at $9.46. The Company’s shares have advanced 5.82% in the previous three months and 12.89% since the start of this year. The stock is trading below its 200-day moving average by 8.64%. Furthermore, shares of TimkenSteel have an RSI of 43.08. On June 01st, 2016, research firm Cowen reiterated its ‘Market Perform’ rating with an increase of the target price to $13 a share from $8 a share for the Company’s stock.

Reliance Steel & Aluminum Co. (NYSE: RS)

Los Angeles, California headquartered metals service center Company, Reliance Steel & Aluminum Co.’s stock finished Thursday’s session 0.20% higher at $74.76 with a total volume of 644,439 shares traded. The Company’s shares have advanced 3.24% in the last one month, 16.08% over the previous three months, and 30.61% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.63% and 22.65%, respectively. Additionally, shares of Reliance Steel & Aluminum have an RSI of 62.56.

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