A Down Day in Steel City

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In this edition, energy analyst Joel South talks about AK Steel and the $60.9 million loss the company realized during the third quarter. The steel industry has seen better days, with the markets punishing materials every time the ubiquitous "global growth slowdown" phrase comes up. Slowing domestic and international shipments have led to a 7% drop in steel prices from the third quarter of 2011, but for AK Steel, it's the proximity to key inputs, met coal and iron ore, that is magnifying the company's losses.

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Joel South and Taylor Muckerman have no positions in the stocks mentioned above. The Motley Fool owns shares of ArcelorMittal. Motley Fool newsletter services recommend Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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updated 50 minutes ago Sponsored by:
	DOW	15,303.10	8.60	0.06%
	S&P 500	1,649.60	-0.91	-0.06%
	NASD	3,459.14	-0.28	-0.01%

NUE	$45.22		-0.48	-1.05%
Nucor		CAPS Rating:

X	$18.42		-0.08	-0.43%
United States Stee…		CAPS Rating:

AKS	$3.45		-0.04	-1.15%
AK Steel Holding C…		CAPS Rating:

MT	$12.83		-0.09	-0.70%
ArcelorMittal		CAPS Rating:

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A Down Day in Steel City

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