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Technical Roundup on Steel & Iron Stocks -- Companhia Siderurgica Nacional, Commercial Metals, TimkenSteel, and Reliance Steel & Aluminum

NEW YORK, September 15, 2016 /PRNewswire/ --

The global Steel and Iron industry continues to face immense pressure due to declining demand and price drops caused by overcapacity. Ahead of today's trading session, evaluates four equities to see how they fared over the last few trading sessions: Companhia Siderurgica Nacional (NYSE: SID), Commercial Metals Co. (NYSE: CMC), TimkenSteel Corp. (NYSE: TMST), and Reliance Steel & Aluminum Co. (NYSE: RS). Sign up today and download for free the research reports for the stocks covered today at:

Companhia Siderurgica Nacional  

Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional's stock finished Wednesday's session at $2.43, climbing 1.25%. A total volume of 1.34 million shares was traded. Over the previous three months and since the start of this year, the Company's shares have surged 19.12% and 147.96%, respectively. The stock is trading above its 200-day moving average by 13.69%. Moreover, shares of Companhia Siderurgica Nacional, which operates as an integrated steel producer in Brazil, have a Relative Strength Index (RSI) of 33.69.

On August 15th, 2016, Companhia Siderurgica Nacional reported that net revenue totaled R$4,349 million in Q2 2016, 13% up on Q1 2016 and 18% more than in the same period last year. The company recorded Q2 2016 net loss of R$43 million, versus net losses of R$831 million and R$615 million in Q1 2016 and Q2 2015, respectively. SID complete research report is just a click away at:

Commercial Metals  

Shares in Irving, Texas headquartered Commercial Metals Co. ended yesterday's session 0.07% lower at $14.77. A total volume of 1.97 million shares was traded, which was above their three months average volume of 1.47 million shares. The stock has gained 10.43% on an YTD basis. The Company's shares are trading 6.05% below their 200-day moving average. Moreover, shares of Commercial Metals, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, have an RSI of 33.72.

On August 22nd, 2016, research firm Citigroup initiated a 'Neutral' rating on the Company's stock, issuing a target price of $16 per share. The complimentary report on CMC can be downloaded at:


On Wednesday, Canton, Ohio headquartered TimkenSteel Corp.'s stock saw a decline of 2.48%, to close the day at $8.66. A total volume of 660,308 shares was traded, which was higher than their three months average volume of 638,130 shares. The Company's shares have advanced 3.34% on an YTD basis. The stock is trading 5.64% below its 200-day moving average. Additionally, shares of TimkenSteel, which manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide, have an RSI of 31.90. Sign up for your complimentary report on TMST at:

Reliance Steel & Aluminum  

Shares in Los Angeles, California headquartered Reliance Steel & Aluminum Co. ended the day 1.41% lower at $67.86. A total volume of 741,291 shares was traded, which was above their three months average volume of 594,570 shares. The stock has gained 19.23% since the start of this year. The Company's shares are trading above their 200-day moving average by 0.38%. Furthermore, shares of Reliance Steel & Aluminum, which operates as a metals service center company, have an RSI of 26.94.

On August 2nd, 2016, the company announced that it has acquired all of the capital stock of Alaska Steel Company, a full-line metal distributor headquartered in Anchorage, Alaska. Founded in 1982, Alaska Steel boasts the largest on-hand inventory in Alaska and offers both same day and next day delivery from its three facilities in Anchorage, Fairbanks and Kenai. For the year ended December 31st, 2015, Alaska Steel's net sales were approximately $33 million. The Company will operate as a wholly-owned subsidiary of Reliance's American Metals Corporation subsidiary and current management will remain in place. The terms of the transaction were not disclosed. Download the research report for free on RS at:


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