Metals, Chemicals, and Steel Stocks Drop on Bearish Sentiment

Companies whose products are basic inputs in industrial processes are all seeing their stocks head lower on concerns that weak demand will hamper results.

Traders Stomach Copper Market Drop>>

Freeport-McMoRan Copper & Gold (NYSE:FCX), DuPont (NYSE:DD) and AK Steel Holding (NYSE:AKS) have all declined recently, as have some of their competitors.  Following is some information about these companies stock price performance:

  • Freeport-McMoRan Copper & Gold (NYSE:FCX):  The shares recently traded at $31.13, down $0.21, or 0.67%, on the day.  The shares have traded in a 52-week range of $30.37 to $61.35 and its market capitalization is $29.39 billion.  About the company: Freeport-McMoRan Copper & Gold, Inc., through its subsidiary, is a copper, gold, and molybdenum mining company.  The Company primarily mines for copper and owns mining interests in Chile and Indonesia.  Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates.
  • DuPont (NYSE:DD):  The shares recently traded at $40.65, down $0.70, or 1.69%, on the day.  The shares have traded in a 52-week range of $40.21 to $57 and its market capitalization is $37.91 billion.  About the company: E.I. du Pont de Nemours and Company is a global chemical and life sciences company, with businesses that include agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing.  The Company operates globally and offers a wide range of products and services for markets including agriculture and food, building and construction, electronics and communications.
  • AK Steel Holding (NYSE:AKS): The shares recently traded at $6.62, down $0.22, or 3.22%, on the day.  The shares have traded in a 52-week range of $6.50 to $17.88 and its market capitalization is $729.95 million.  About the company: AK Steel Holding Corporation, through its wholly-owned subsidiary, produces flat rolled carbon steel.  The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets.  AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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