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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT RESULTS

Chevron, Exxon under pressure as falling natural gas prices hit earnings

Wall Street Fundamentals Releases New In-Depth Stock Reports on AKS, STLD, TS and X

ACCESSWIRE

Steel producers fell Wednesday after the Department of Commerce ruled South Korea was not guilty of dumping steel tubing into the U.S. The Commerce Department imposed tariffs on oil country tubular goods from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and Vietnam. "The level of proposed duties was disappointing for domestic producers, particularly as Korea, by far the largest exporter, was assigned no proposed duties," Timna Tanners, an analyst with Bank of America Merrill Lynch. Here is how some steel companies reacted Wednesday:

AK Steel Holding Corporation (NYSE:AKS - News) shares traded in the range of $6.49 to $6.79 Wednesday before settling to close at $6.50, a decrease of 5.11 percent. The stock appears to be facing some resistance at the $23.44 and $25.93 levels with some support at $22.37 and $21.73. Shares of AK Steel have fallen approximately 20.0 percent year-to-date.

More information on AK Steel and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AKS

Steel Dynamics, Inc. (NASDAQ:STLD - News) shares traded in the range of $17.88 to $18.41 Wednesday before settling to close at $18.00, a decrease of 0.06 percent. The stock appears to be facing some resistance at the $18.24 and $19.15 levels with some support at $17.38 and $16.32. Shares of Steel Dynamics have fallen approximately 8.0 percent year-to-date.

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More information on Steel Dynamics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/STLD

Tenaris S.A. (NYSE:TS - News) shares traded in the range of $43.35 to $44.28 Wednesday before settling to close at $43.51, a decrease of 6.81 percent. The stock appears to be facing some resistance at the $37.84 and $38.18 levels with some support at $37.41 and $36.80. Shares of Tenaris have fallen approximately 0.4 percent in the past year.

More information on Tenaris and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TS

United States Steel Corporation (NYSE:X - News) shares traded in the range of $24.56 to $25.40 Wednesday before settling to close at $24.86, a decrease of 7.03 percent. The stock appears to be facing some resistance at the $25.30 and $26.35 levels with some support at $24.82 and $24.04. Shares of United States Steel have fallen approximately 15.0 percent year-to-date.

More information on United States Steel and access to the free equity report can be found at:
www.WallStreetFundamentals.com/X

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com