ARNC Arconic Corp Forecast, Technical & Fundamental Analysis

The most notable companies in this group are Nucor Corp (NYSE:NUE), ArcelorMittal (NYSE:MT), Cleveland-Cliffs (NYSE:CLF), United States Steel Corp (NYSE:X), Arconic Corp (NASDAQ:ARNC).

The steel industry includes manufacturers of steel and steel-related products. Companies use iron ore and scrap steel to produce steel. The industry also includes companies involved in mining and marketing of steel products. Along with serving some of the domestic markets, U.S. steel output has, over the years, been used by international economies as well. Competition from imported steel has also increased over time. The industry could be susceptible to business cycles, since the element is an important input in industrial production. Some of the globally-renowned steel behemoths include Nucor Corporation, Vale, and ArcelorMittal SA.

The average market capitalization across the Steel Industry is 4.24B. The market cap for tickers in the group ranges from 107.02K to 39.24B. NUE holds the highest valuation in this group at 39.24B. The lowest valued company is GCIN at 107.02K.

The average weekly price growth across all stocks in the Steel Industry was -1%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -1%. USAP experienced the highest price growth at 9%, while ARCXF experienced the biggest fall at -39%.

The average weekly volume growth across all stocks in the Steel Industry was -13%. For the same stocks of the Industry, the average monthly volume growth was 20% and the average quarterly volume growth was -5%