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Supply chain interruption
MotorCo, which is a large customer of SteelCo Inc., has dropped 4.8% to $11.21 at 10:12.
The event follows an article titled “MotorCo reports weaker-than-normal April vehicles sales”.
Deviation in SteelCo to industry
The steel industry index has fallen by 4.2% in the last week. In the same time period, SteelCo Inc. has kept steady (+0.4%).
In the past, SteelCo has reacted negatively by 4 to 6% under similar bearish conditions in this industry benchmark.

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SteelCo Inc.
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SteelCo Inc. is a producer of steel and related products headquartered in Boston, Massachusetts. It is the largest steel producer in the US.

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