steel prices
steel prices Articles
U.S. Steel plans to take strategic action to strengthen its position within a changing steel industry, and so far the share price would say it is working.
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AK Steel saw its shares surge Monday on news that Bank of America Merrill Lynch issued a crucial upgrade for the stock. One has to recall that steel has been challenged as a sector.
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Mining giant BHP Billiton is working on a plan to spin off its underperforming assets. Shares of some of its competitors were higher Tuesday, as investors speculated the spin-off might prove...
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ThinkstockThe contract price for iron ore delivered to China fell 8.3% on Monday to an 18-month low of $104.70 per metric ton (tonne). That is the second-largest one-day fall on record. The collapse...
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Mining and steel-making giant ArcelorMittal (NYSE: MT) reported narrower net losses for the fourth-quarter and full-year 2013 before markets opened Friday. One-time charges were much less than in...
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ThinkstockThe research team at Merrill Lynch has found that global investors remain very “underweight” in their holdings of metals and mining shares, while valuations do not look stretched. This...
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ThinkstockAK Steel Holding Corp. (NYSE: AKS) announced this morning that it expects to post a second-quarter loss in the range of $0.33 to $0.38 a share. The consensus estimate from Thomson Reuters...
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ThinkstockLow prices for natural gas have led to lower demand for coal as a fuel for electricity generation and to wider margins for chemical products makers. Now it looks like the U.S. steel...
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ThinkstockThe world’s largest steelmaker, ArcelorMittal (NYSE: MT), said this morning that it would take a noncash $4.3 billion impairment charge against the goodwill of its businesses in Europe....
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ThinkstockSteelmaker and recycler Schnitzer Steel Industries Inc. (NASDAQ: SCHN) said today that it expects net income for its first fiscal quarter of 2013 ending this month to be breakeven before...
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ThinkstockCliffs Natural Resources Inc. (NYSE: CLF), a major producer of iron ore from mines in North America, Brazil, and Australia, has idled some of its North American ore production and will...
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The World Trade Organization (WTO) ruled today that the U.S. did not illegally dump a type of specialty steel into the Chinese market beginning in 2010. China imposed 19.5% tariffs on the...
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Steelmaker Schnitzer Steel Industries Inc. (NASDAQ: SCHN) announced this morning that it would fire 300 workers in a restructuring the company said will save $25 million annually. The restructuring...
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The venture capital arm of General Motors Co. (NYSE: GM) has invested an undisclosed amount in a Series C round of financing for lightweight steel maker NanoSteel Co. GM joins seven other venture...
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Global demand for steel remains weak even as prices for iron ore rise slightly indicating that steelmakers could be in for another tough quarter. As if on cue, AK Steel Holding Corp. (NYSE: AKS) this...
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