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Steel & Iron Stocks Under Scanner -- Commercial Metals, Companhia Siderurgica, Reliance Steel & Aluminum, and Schnitzer Steel

NEW YORK, April 28, 2017 /PRNewswire/ --

On Thursday, April 27, 2017, the NASDAQ Composite ended the trading session at 6,048.94, up 0.39%; the Dow Jones Industrial Average edged 0.03% higher, to finish at 20,981.33; and the S&P 500 closed at 2,388.77, slightly advancing 0.06%. Gains were broad based as six out of nine sectors ended the day in positive. This Friday, has initiated reports coverage on the following Steel & Iron equities: Commercial Metals Company (NYSE: CMC), Companhia Siderurgica Nacional (NYSE: SID), Reliance Steel & Aluminum Company (NYSE: RS), and Schnitzer Steel Industries Inc. (NASDAQ: SCHN). Learn more about these stocks by downloading their free research reports in PDF format at:

Commercial Metals  

On Thursday, shares in Irving, Texas headquartered Commercial Metals Co. ended the session 2.04% lower at $18.75 with a total volume of 1.91 million shares traded. Commercial Metals' shares have advanced 6.77% in the past one year. Shares of the Company, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, are trading at a PE ratio of 29.95. The stock is trading 0.93% above its 200-day moving average. Moreover, the Company's shares have a Relative Strength Index (RSI) of 49.50.

On March 28th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. Sign up and read the free research report on CMC at:

Companhia Siderurgica  

On Thursday, shares in Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional recorded a trading volume of 2.32 million shares, which was higher than their three months average volume of 2.22 million shares. The stock ended the day 4.02% lower at $2.39. Shares of the Company, which operates as an integrated steel producer in Brazil, are trading at a PE ratio of 10.35. The Company's shares are trading below its 50-day and 200-day moving averages by 25.48% and 26.03%, respectively. Furthermore, Companhia Siderurgica Nacional's shares have an RSI of 36.23. The complimentary research report on SID can be downloaded at:

Reliance Steel & Aluminum  

Los Angeles, California headquartered Reliance Steel & Aluminum Co.'s stock finished Thursday's session 1.10% higher at $80.53 with a total volume of 1.12 million shares traded. Over the last one month and the previous one year, Reliance Steel & Aluminum's shares have advanced 1.17% and 11.32%, respectively. The Company's shares are trading above its 200-day moving average by 4.42%. Shares of Reliance Steel & Aluminum, which operates as a metals service center company, are trading at a PE ratio of 19.34. The stock has an RSI of 56.35.

On April 19th, 2017, research firm Longbow initiated a 'Neutral' rating on the Company's stock. Register for free on and access the latest report on RS at:

Schnitzer Steel  

Portland, Oregon headquartered Schnitzer Steel Industries Inc.'s stock fell 2.08%, to close the day at $18.80. The stock recorded a trading volume of 397,579 shares. The Company's shares are trading 12.80% and 15.78% below its 50-day and 200-day moving averages, respectively. Shares of the Company, which recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide, are trading at a PE ratio of 13.87. Additionally, the stock has an RSI of 41.68. Get free access to your research report on SCHN at:


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