Materials

AK Steel (AKS) gets most of its revenues from the U.S. For the past three years, more than 85% of its sales have come from the U.S. This makes AK Steel more exposed to the domestic market’s dynamics than global factors.

The aluminum industry has a value chain that consists of both upstream and downstream companies. Upstream companies are engaged in the mining and refining operations.

Alcoa’s Q3 results are set to be released tomorrow after markets close. Aluminum prices have been weak this year, and the stock is down almost 28%.

US steel stocks are rising today on multiple factors. There’s rising optimism over a US-China trade deal, and Chinese steel exports plummeted in August.

Falling iron ore imports China consumes more than 70% of seaborne-traded iron ore. As a result, iron ore investors should track China’s demand and outlook. Today, China released its trade data for June. China’s iron ore imports were 75.18 million tons in June—9.7% lower YoY (year-over-year) and 10.2% lower month-over-month. In June, China’s imports fell […]