Steel Names Rising (X, AKS, NUE, DJIA)

Steel names are rising despite weakness in the broader equity markets this morning.

U.S. Steel (NYSE: X) is higher by $1.19, or 2.59%, to $47.18. AK Steel (NYSE: AKS) is higher by 28 cents, or 2.04%, to $14.02. Nucor Corporation (NYSE: NUE) is up 58 cents, or 1.50%, to $39.26.

There is no specific company-related news to account for any of these stocks' rise. However, yesterday, President Obama proposed infrastructure spending to fix roads, railways and modernize the air-traffic control system. Such spending may directly benefit steelmakers.

The Dow Jones Industrial Average (DJIA) is off 82 points, or 0.80%, to 10,364.

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