steel prices

Pouring molten steel

Are Steel and Metal Stocks Forming a Bottom?

Investors are always on the lookout for solid value in stocks, and sometimes that value comes from down and out stock sectors. It turns out that many of the key steel ...
Read Full Story »
pipes

Can US Steel Companies Ever Realize Their Turnarounds?

In the past three days, three steel companies have provided first-quarter guidance. One cut earnings forecasts drastically and the other two both offered weak outlooks. Nucor Corp. (NYSE: NUE) said ...
Read Full Story »
Pouring molten steel

As US Steel Idles Minn. Plant, Will More Plant Idling Follow?

The woes continue to pile on for United States Steel Corp. (NYSE: X) as it announced that it will be idling yet another plant. This might not be moving the ...
Read Full Story »
Pouring molten steel

AK Steel Turnaround Shows Through Earnings

AK Steel Holding Corp. (NYSE: AKS) has been caught between a rock and a hard place in its turnaround efforts. Just when the company looked as though it was recovering, ...
Read Full Story »
close-up of red hot iron beams

Can Peabody and AK Steel Earnings Bring Turnarounds?

Tuesday is going to be a mess of the day in much of the Northeast, but corporate earnings will still be coming out in droves. Peabody Energy Corp. (NYSE: BTU) ...
Read Full Story »
Pouring molten steel

Falling Oil Forces US Steel Facility Closures

United States Steel Corp. (NYSE: X) will lay off roughly 750 employees between two plants, undoubtedly the result of falling oil prices. It is worth noting that these facilities are ...
Read Full Story »
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 ...
Read Full Story »
pipes

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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
arcelormittal-furnace-crop

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) ...
Read Full Story »
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 ...
Read Full Story »