WASHINGTON (dpa-AFX) - Despite the modest weakness being show by the broader markets, steel stocks are seeing substantial strength during trading on Wednesday.
Reflecting the strength in the sector, the NYSE Arca Steel Index has surged up by 5.5 percent to its best intraday level in three months.
Within the sector, U.S. Steel (X), AK Steel (AKS), A.M. Castle & Co. (CAS), and Cliffs Natural Resources (CLF) are posting standout gains.
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