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AKS - Steel stocks rise despite Commercial Metals' weak quarter Nucor new supply
AK Steel Holding Corporation
U.S. steelmakers are rising, led by U.S. Steel (NYSE:X) and AK Steel (NYSE:AKS), even after Commercial Metals (NYSE:CMC) reported tepid FQ1 results and said it expects to see lower shipments in Q2 due to seasonality; also, Nucor (NYSE:NUE) says it will invest $1.35B to build a new plate mill in the U.S. Midwest.
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