Tuesday, January 24, 2006

Steel stocks surge

Trading in a number of steel stocks fueled strong gains today. Steel stocks have been fairing well this year, ranking #12 in industry year-to-date performance as of last Friday. Today's performance will improve that ranking. Topping the group today is A K Steel (AKS) with a 28% gain on the NYSE. U.S. Steel (X) jumped 8% to close at $55.74. In all, 11 steel stocks advanced at least 4% today on the Big Board. Look for continued price momentum in this hot group.
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