Steel companies are advancing after AK Steel (AKS +6.5%) announced last night that it would...

|About: AK Steel Holding Corp (AKS)|By:, SA News Editor

Steel companies are advancing after AK Steel (AKS +6.5%) announced last night that it would increase prices for all carbon steel products by $50/ton. Also, Nucor (NUE +1.7%) enjoys a boost as its deal for a 50% working interest in gas wells to be drilled by Encana hedges against an expected future rise in U.S. natural gas prices. X +5.8%, SCHN +5.4%, STLD +4.7%.