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Where Will AK Steel Be in 5 Years?

TheMotleyFool

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If you're a value investor, you might be interested in one of the more beaten-down sectors of the market: industrials, particularly U.S. steelmakers. In the first half of the year, U.S. steel prices plummeted as the lingering U.S.-China trade war stoked recession fears. At the same time, iron ore, a critical steel input, spiked in price following the Brumadinho Dam disaster in Brazil in January. That has squeezed the profits of steelmakers all around the world, including U.S. steel company AK Steel (NYSE: AKS).