AK Steel shares, meanwhile, shed 9.5%, or $1.78, to $17.01.

Elsewhere in the domestic-steel sector, Nucor ( NUE) lost 5.2% to $41.04; Steel Dynamics ( STLD) declined 3.7% to $14.17; and Worthington Industries ( WOR) retreated 3% to $11.44.

Among overseas concerns, American depositary receipts of the European steel giant Arcelor Mittal ( MT) gave up 4.6% to $35.70, while South Korea's Posco ( PKX) saw its New York-listed issues slip 2% to $112.67.

-- Written by Scott Eden in New York

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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.

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