Today’s Biggest Iron & Steel Stocks Gainers were AKS, MTL, CPSL : by Penny Stock Pick Alert

by EIN on 2009/11/18

in News Service, economy

(EMAILWIRE.cOM, November 17, 2009 ) Dallas, TX – AK Steel Holding Corporation (NYSE:AKS) climbed up over 7.94% to close the day at $18.77 on a volume of 10.62 million shares. The stock hit an intraday high and an intraday low of $19 and $18.10 respectively. In the last six months the stock went up over 62%. AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its wholly owned subsidiary, AK Steel Corporation.

Mechel OAO (ADR) (NYSE:MTL) climbed up over 7.97% to end the day at $21.82 on a volume of 4.09 million shares. The stock hit an intraday high and an intraday low of $22 and $20.76 respectively. In the last six months the stock went up over 198%. Mechel OAO is a Russia-based vertically integrated mining, steel, ferroalloys, and power company. The Company also provides coal washing services, both to the coal-mining subsidiaries and to third parties.

China Precision Steel, Inc. (NASDAQ:CPSL) climbed up over 8.33% to $2.47. The stock hit an intraday high and an intraday low of $2.48 and $2.32 respectively. In the last six months the stock went up over 37%. China Precision Steel, Inc. is a steel processing company principally engaged in the manufacture and sale of high precision cold-rolled steel products and in the provision of heat treatment and cutting of medium and high carbon hot-rolled steel strips.

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