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...
View ArticleIs 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...
View ArticleBarclays 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...
View ArticleWhy 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...
View ArticleWhy 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...
View ArticleChina 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...
View ArticleIron 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...
View ArticleSteel 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,...
View ArticleArcelorMittal 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...
View ArticleWhy 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...
View ArticleTroubles 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...
View ArticleBig 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...
View ArticleThe 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...
View ArticleJefferies 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,...
View ArticleSteel 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...
View ArticleTime 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...
View ArticleWhat 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:...
View ArticleZekelman 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...
View ArticleZekelman 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...
View ArticleDespite 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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