DJ Steel Producer Stocks Move Lower
By Micah Maidenberg
Shares of steel producers are falling on the first day of trading in the New Year.
Shares of United States Steel Corp. (X) have weakened 5% in afternoon trading.
AK Steel Holding Corp.'s (AKS) stock is also down about 5% while shares of both Nucor Corp. (NUE) and TimkenSteel Corp. (TMST) are both off about 2%.
Shares of Steel Dynamics Inc. (STLD) are down 1%.
In December, IHS Markit's U.S. manufacturing purchasing managers index slipped to 52.4 from 52.6 the previous month.
That reading signaled expansion in the industrial sector, but investors have been worried about the strength of manufacturers.
Some steel makers supply other industrial companies, including those in the auto sector and firms that make construction equipment.
In December, analysts at Jefferies said prices were improving and forecast seasonally improved demand in the first quarter.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
January 02, 2020 15:40 ET (20:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ钢铁生产商库存走低
米迦·迈登伯格
在新年的第一天，钢铁生产商的股价开始下跌。
美国钢铁公司股份(X)在下午交易中下跌5%。
AKSteelHoldingCorp.(AKS)的股价也下跌了约5%，而纽科公司(NUE)和蒂姆肯钢铁公司(TimkenSteelCorp.)的股价都下跌了约2%。
钢铁动力股份有限公司(STLD)下跌了1%。
12月，IHSMarkit的美国制造业采购经理人指数(PMI)从上月的52.6下滑至52.4.
这一数据标志着工业部门的扩张，但投资者一直担心制造商的实力。
一些钢铁制造商供应其他工业公司，包括汽车行业和制造建筑设备的公司。
去年12月，Jefferies的分析师表示，第一季度的价格正在改善，并预计需求将出现季节性改善。
致函Micah Maidenberg@wsj.com
(完)道琼斯通讯社
2020年1月2日15：40(格林尼治时间20：40)
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