Add a New Bears Reason

Company: AK Steel Holding (AKS)
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4 votes

  Subprime lending crisis has led to a slowdown in housing

The current subprime lending crisis has led to a slowdown in the U.S. housing market. Because 20% of steel is used for construction, including new home construction , the steel industry is largely dependent on the state of this market.

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3 votes

  41% of AK Steel's 2006 revenues to U.S. automakers

41% of AK Steel's 2006 revenues were from sales to the U.S. automotive industry making the latter's success essential to that of AK Steel. Considering the recent turmoil in the U.S. auto industry, this may be of great concern to the U.S. steel industry as a whole.

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1 votes

  AK Steel stocks have been particularly volatile this year

AK Steel stocks have been particularly volatile this year within an already relatively unpredictable sector. Indeed, AKS stocks have closed up or down 8% or more on at least nine different instances in 2007. On August 16, 2007, the stock dropped 16% mid-day, only to rally 26% the next week. This may leave all but the most aggressive investor a bit queasy.

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