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 delay…
ThinkstockUnited States Steel Corp. (NYSE: X) has reported its third-quarter results and its income from operations came to $171 million. Net income was $44 million, or $0.28 per share, but that is…
Jon C. Ogg Steelmaker AK Steel Holdings Corp. (NYSE: AKS) reported quarterly earnings today and the results that were better than expected, but earnings per share (EPS) still came in negative. AK Steel joins both…
Saying that demand will be soft and prices will be low, Moody’s today changed its outlook for the U.S. steel industry to ‘negative’, indicating that conditions in the steel business will get…
Stocks are sliding a bit on Monday after more caution from Europe and on more economic slowing trends. The chart analysis today shows that caution and patience would remain the best action. Today we…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday. AK Steel Holding Corp. (NYSE: AKS) cut to Sell at Citigroup. Atmel…
The three major U.S. stock indexes opened lower this morning on the absence of any big macroeconomic data in Asia or Europe. Tensions between China and Japan over a handful of islands…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday. Accenture PLC (NYSE: ACN) reiterated Buy with $74 target at Argus. AK…
We noted earlier this morning that China’s National Development and Reform Commission has approved a plan to spend RMB1 trillion (about $158 billion) on infrastructure projects in an effort to boost growth…
So what if the jobs numbers were a huge disappointment. There are many stocks on the move this morning after the huge Chinese stimulus package and on the heels of yesterday’s bond-buying…
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 is expected to…
The three major US stock indexes opened mixed this morning following the unemployment report from the Eurozone, which showed that the 11.2% rate had remained unchanged. The Eurozone consumer price index was…
United States Steel Corp. (NYSE: X) is surging after its earnings report. While earnings were half of what they were a year ago, the report was “less bad” than analysts expected. The…
U.S. Steel (NYSE: X) announced second-quarter earnings that beat Wall St. expectations after demand rose for its Flat-Rolled and Tubular segments. The firm earned $101 million, or $0.62 a share, in the second quarter, down…
247sam 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.…
