Steel Bounces, and Investors Take Notice – Seeking Alpha
It’s a sea of red out there on Friday as investors recoil from anything with exposure to the global economy. But steel producers? They can’t get enough of them.
The S&P 500 steel index was up 0.8% in afternoon trading, with AK Steel Holding (AKS) up 3.6%, Nucor Corp. (NUE) up 1.1% and United States Steel Corp. (X) up 1.9%.
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