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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 steel is...

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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 so far that even many of the metals...

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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 a crawl. With the bounce that has been seen from...

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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 past several...

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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...

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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 that encircles...

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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 be marking not only the end of that price drought, but...

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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 smoke there is fire,...

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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...

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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 positive on some of the major...

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Troubles Mount for US Steel as Credit Suisse Says ‘Sell’

The steel and metals industries are at an interesting crossroads this year. While the United States is in dire need of infrastructure repairs, requiring vast amounts of domestic steel, there are trade...

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Big Analyst Upside Called For in Steel and Metals for Commercial Metals Company

Commercial Metals Co. (NYSE: CMC) managed to close up 8% at $17.37 a share on Thursday after the company’s earnings were hurt by weather and rain but still managed to beat expectations. The shares were...

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The 8 Things That Have Kept Inflation Near 0%

U.S. inflation is not 0%, but it is fairly near, up only 1.9% in January. A recovery of the sort America has gone through since the bottom of the Great Recession is supposed to cause inflation. It has...

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Jefferies Says Higher Prices Make Top Steel Plays Solid Buys Now

One of the biggest priorities facing what is now a very divided Congress is the need to start fixing what is an old and worn out United States infrastructure. This includes many bridges, buildings,...

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Steel Prices and Demand Moving Higher: 4 Top Stocks to Buy Now

One item that was included in the State of the Union speech but did not gain a lot of traction during the following media claw-through was the fact that both the Republicans and the Democrats know that...

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Time to Buy 3 Industrials After Serious Earnings Weakness?

Investors have known for years that equities and entire sectors can be quite volatile around each quarter’s earnings reports. It turns out that the strength in the third-quarter earnings reporting...

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What Nucor, Steel Dynamics Earnings Indicate About the Industry and Tariffs

Steelmakers Nucor Corp. (NYSE: NUE) and Steel Dynamics Inc. (NASDAQ: STLD) have now reported third-quarter results, and reports are due from Arcelor Mittal (NYSE: MT), AK Steel Holding Corp. (NYSE:...

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Zekelman Industries Closes in on IPO

Zekelman Industries has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company intends to price its 41.75 million...

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Zekelman Gears Up for IPO

Zekelman Industries has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, although the...

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Despite Trade Worries, Analyst Sees Steel Industry Earnings Surging: 5 Stocks...

It has probably been the most discussed economic and political story of 2018, and it is one that probably will stay front and center for some time. After years of huge trade imbalances with our trading...

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