U.S. Steel, AK Steel Trending Higher Following Earnings Beat
U.S. Steel (NYSE: X) is making its biggest one-day move in three years after reporting a massive earnings beat. On top of that, revenue beat Wall Street's expectations for the first time since early 2013.
The stock recently traded at $32.75, up 18.3 percent.
AK Steel (NYSE: AKS) also beat analyst estimates with earnings of $0.02 per share versus a $0.03 loss.
These reports have put several other steel companies in play.
- Steel Dynamics (NASDAQ: STLD) shares are up 0.44 percent
- Commercial Metals (NYSE: CMC) shares are up 0.34 percent
- ArcelorMittal (NYSE: MT) shares are up 1.77 percent
- China Precision Steel (OTC: CPSL) shares were up 2.7 percent
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