Materials Higher After AK Steel, Freeport Earnings -- Materials Roundup

FeaturesDow Jones Newswires

Shares of commodities producers rose after encouraging earnings reports.

Shares of Freeport McMoRan surged after the copper mining company swung to a quarterly profit. Copper prices rose after strong Chinese economic data.

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One steel maker said rising input costs were driving up prices for the industrial metal.

Shares of AK Steel rallied after the company's second-quarter sales surpassed investor expectations and it said it was awaiting export rules before deciding whether to reopen a plant.

Shares of other steel makers, including U.S. Steel and Nucor rose in sympathy.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 25, 2017 17:28 ET (21:28 GMT)