Steel Stocks Slammed (X, AKS, NUE, MT)

Shares of Steel Companies are seeing heavy selling pressure today as commodities slip in the face of a stronger dollar and weaker euro. A weak labor report reignited doubts about the strength of the economic recovery, leading investors to dump stocks and flee to cash and bonds. U.S. Steel X is $3.59, or 7.93%, to $41.69. AK Steel AKS is down $1.14, or 7.87%, to $13.34. Nucor Corporation NUE is down $1.67, or 3.93%, to $40.87. Arcelor Mittal MT is down $1.47, or 5.05%, to $27.66.