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鋼鐵生產商庫存走低
米迦·邁登伯格
在新年的第一天，鋼鐵生產商的股價開始下跌。
美國鋼鐵公司股份(X)在下午交易中下跌5%。
AKSteelHoldingCorp.(AKS)的股價也下跌了約5%，而紐科公司(NUE)和蒂姆肯鋼鐵公司(TimkenSteelCorp.)的股價都下跌了約2%。
鋼鐵動力股份有限公司(STLD)下跌了1%。
12月，IHSMarkit的美國製造業採購經理人指數(PMI)從上月的52.6下滑至52.4.
這一數據標誌着工業部門的擴張，但投資者一直擔心製造商的實力。
一些鋼鐵製造商供應其他工業公司，包括汽車行業和製造建築設備的公司。
去年12月，Jefferies的分析師表示，第一季度的價格正在改善，並預計需求將出現季節性改善。
致函Micah Maidenberg@wsj.com
(完)道瓊斯通訊社
2020年1月2日15：40(格林尼治時間20：40)
版權(C)2020 DowJones&Company，Inc.
使用瀏覽器的分享功能，分享給你的好友吧