steel prices

Pouring molten steel

AK Steel Earnings Signal Turnaround Continues

AK Steel Holding Corp. (NYSE: AKS) reported its third-quarter results Tuesday before the market open as -$0.05 in earnings per share and $1.59 billion in revenue. Thomson Reuters had consensus ...
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What to Expect From AK Steel Earnings

AK Steel Holding Corp. (NYSE: AKS) will report its third-quarter earnings Tuesday before the market open. Thomson Reuters has consensus estimates of $0.09 in earnings per share and $1.49 billion ...
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Pouring molten steel

Analyst Sees Cliffs Going off the Cliff

Cliffs Natural Resources Inc. (NYSE: CLF) released its sustainability report on Tuesday, and it has resulted in a slight jump for shares of Cliffs in early trading on Wednesday before selling ...
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Pouring molten steel

US Steel Wins From Outlook and Creditor Protection in Canada

United States Steel Corp. (NYSE: X) plans to take strategic action to strengthen its position within a changing steel industry, and so far the share price would say it is ...
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Pouring molten steel

Merrill Lynch Sees Major Turnaround Continuing in AK Steel

AK Steel Holding Corp. (NYSE: AKS) is seeing its shares surge on news that Bank of America Merrill Lynch issued a crucial upgrade for the stock. One has to recall ...
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Mountain top coal mine

Other Companies That Could (or May) Divest Assets Like BHP

Australian mining giant BHP Billiton Ltd. (NYSE: BHP) is working on a plan to spin off its underperforming assets. Its shares were higher Tuesday as investors speculated the value of ...
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Mining

Rio Tinto, BHP Slammed as Iron Ore Price Collapses

The 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 ...
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ArcelorMittal Earnings Push Stock Price Within Reach of New High

ArcelorMittal (NYSE: MT) reported fourth-quarter and full-year 2013 results before markets opened Friday. For the quarter, the mining and steel-making giant posted a basic and diluted earnings per share (EPS) ...
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mining

Merrill Lynch Sees Huge Contrarian Value in Global Mining and Steel Companies

The 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 contrasts ...
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Pouring molten steel

AK Steel Warns on Second Quarter Company Earnings, Shares Rise

AK 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 ...
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close-up of red hot iron beams

Steel Makers to Take Advantage of Cheap U.S. Natural Gas

Low 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 ...
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close-up of red hot iron beams

Steel Maker Takes Huge Writedown

The 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. The charge ...
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More Downside for Steelmaker

Steelmaker 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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Lower Steel Demand Takes Toll on Iron Ore Producer

Cliffs 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 ...
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U.S. Prevails in Steel Trade Case with China

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 ...
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