steel prices

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Why Merrill Lynch Downgraded 3 Key Metal Players

Is the gold/metal age of 2016 over? Merrill Lynch says it may be gone for now, but not entirely forgotten, after the firm downgraded a few major metal players. The ...
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Metal Pipe

US Steel Tariffs Rise 500% on Chinese Exports

The U.S. Department of Commerce on Tuesday ruled that imports of cold-rolled steel from China will be subject to a maximum 266% anti-dumping duty plus a 256% anti-subsidy duty. Cold-rolled ...
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Is the Third ArcelorMittal Analyst Upgrade in 2 Weeks the Charm?

It is no secret that the metals and commodity space has been enjoying a significant rally since the lows in January and February of 2016. Now that rally has gone ...
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Barclays and Merrill Lynch Get More Constructive on Top Steel Stocks

This year has been a wild ride for many companies in the metals sector. That is after a rough 2015, as many of the global growth markets have slowed to ...
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Metal Pipe

Why Credit Suisse Sees More Upside in Top Steel Stocks

Looking at the global steel market in 2016, it is quickly rebalancing following the fallout in 2015 from the energy market, significant destocking and distressed exports from China. In the ...
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Why Key Analyst Sees Major Steel Losing Momentum

While steel prices in the United States may see some near-term upside, driven by seasonal restocking, gradual demand growth and mounting protectionist trade barriers, one key analyst fears that momentum ...
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China to Close 240 Steel Mills, Fire More Than 1 Million Workers

The provincial governor of Hebei province said that by 2020 the government will shut down operations at 240 of the 400 steel mills that currently operate in the northern province ...
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Iron Ore Is Skyrocketing: JPMorgan Says Buy These 4 Cheap Steel Stocks

Metals and precious metals have had a very tough go of it for years, and a stunning move in iron ore since lows that were put in last December may ...
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Metal Pipe

Steel Downgrades Met by Severe Global Steel Production Declines

When United States Steel Corp. (NYSE: X) was downgraded to Market Perform from Outperform at Cowen, something more should have stood out for the entire steel sector. Where there is ...
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ArcelorMittal Wants to Raise $3 Billion

ArcelorMittal (NYSE: MT), the world's largest steelmaker, revealed fourth-quarter and full-year 2015 results Friday morning, and the view was anything but pretty. The company's net loss for the year totaled ...
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Metal Pipe

Why Merrill Lynch Is Throwing in the Towel on AK Steel and Steel in General

One of the main trends in 2015 has been stumbling commodity prices, and this has laid waste to multiple industries over the course of the year. Merrill Lynch was once ...
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Does a Smaller Loss Finally Make AK Steel a Buy?

AK Steel Holding Corp. (NYSE: AKS) seems to be that turnaround company that never turns around. This may sound crazy, but this stock was valued at over $20 per share ...
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Merrill Lynch Makes Key Ratings Change in Metals Leaders

When analysts make rotation calls within a sector, or metals in this case, some investors overlook these calls. After all, a firm is just saying they now like one company ...
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Steel

Is the AK Steel Turnaround Finally Coming to Fruition?

Being in the metals industry is currently not an easy gig. Profitability and demand just are not cooperating. The good news is that AK Steel Holding Corporation (NYSE: AKS) has ...
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What to Look For in AKS and US Steel Earnings

Before markets open on Tuesday morning, AKS Steel Holding Corp. (NYSE: AKS) is scheduled to report earnings and United States Steel Corp. (NYSE: X) is set to report after markets ...
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