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U.S. Steel business headlines & news reports


U.S. Steel says China is stealing trade secrets
Wed, 27 Apr 2016 11:56:32 +0100
U.S. Steel Corp has filed a complaint with the U.S. International Trade Commission (ITC), asking for an investigation into dozens of Chinese steel producers accused of breaking trade rules.
http://money.cnn.com/2016/04/27/news/companies/us-steel-china-investigation-trade/index.html?section=money_news_international


Inside Nucor's Higher 1Q16 Shipments: A Warning for U.S. Steel ...
Fri, 22 Apr 2016 23:23:47 +0100
Yahoo NewsWe should note that steel companies' revenues are a function of shipments and average selling prices. Shipments depend on end-user demand as well as on import penetration. The decline in Nucor's 1Q16 revenues was led by lower steel prices. Nucor's ...
https://www.yahoo.com/news/inside-nucor-higher-1q16-shipments-222031057.html


Steel Mills Boosting Prices: Cold Rolled Coil Hits a 1-Year High ...
Mon, 18 Apr 2016 07:09:16 +0100
MetalMiner - The duties imposed on steel products caused steel imports to taper down in a big way over the last three of months and U.S. steel mills now have the power to raise their base selling prices. U.S. aluminum markets didn't enjoy this kind of protection ...
https://agmetalminer.com/2016/04/18/steel-mills-boosting-prices-cold-rolled-coil-hits-a-1-year-high/


Under enormous pressure, high-cost steel producers in UK and elsewhere ...
Mon, 11 Apr 2016 23:34:59 +0100
Although higher steel prices and protectionist tariffs have pushed up share prices of U.S. steelmakers in recent weeks, they are also in trouble. The industry is split: on the one hand, struggling integrated firms that use blast furnaces that forge ...
http://www.startribune.com/under-enormous-pressure-high-cost-steel-producers-in-u-k-and-elsewhere-face-uncertain-future/375322651/


Is Nucor Ready for Relative Outperformance - Yahoo News
Mon, 11 Apr 2016 16:12:25 +0100
Yahoo News - As we discussed previously in this series, Nucor has lagged behind other steelmakers in the recent US steel rally. U.S. Steel Corporation (X) and AK Steel (AKS) have risen smartly since the beginning of 2016, and in general, more financially levered ...
http://finance.yahoo.com/news/nucor-ready-relative-outperformance-150730307.html


USW Supports New Trade Case on Cut-to-Length Plate; Also Calls for ...
Fri, 08 Apr 2016 20:14:00 +0100
PITTSBURGH, April 8, 2016 xxx -- United Steelworkers (USW) International President Leo W. Gerard released the following statement today after three major U.S. steel producers -- ArcelorMittal USA, Nucor Corporation, and SSAB Enterprises -- filed antidumping and...
http://www.prnewswire.com/news-releases/usw-supports-new-trade-case-on-cut-to-length-plate-also-calls-for-comprehensive-action-to-address-steel-crisis-300248689.html


U.S. Steel lays off 25 percent of salaried employees - nwitimes.com
Wed, 06 Apr 2016 23:32:56 +0100
'This is part of the ongoing adjustment to staff levels and operations due to challenging market conditions, including fluctuating oil prices, reduced rig counts, depressed steel prices and unfairly traded imports,' said U.S. Steel spokeswoman Sarah ...
http://www.nwitimes.com/business/steel/u-s-steel-lays-off-percent-of-salaried-employees/article_9dd03645-af7f-5bef-80f9-21855cacf0e8.html


Is a steelmaker sandwich in the works - SooToday
Fri, 01 Apr 2016 15:17:29 +0100
SooToday - Talk of Essar Steel Algoma being combined with U.S. Steel Canada continues as the first phase of bidding for the Sault steelmaker draws to a close. The Globe and Mail reported last night, quoting unnamed sources, that at least three of Essar Steel ...
https://www.sootoday.com/local-news/is-a-steelmaker-sandwich-in-the-works-272768


US Flat Steel Prices Finally Break Out - MetalMiner
Fri, 01 Apr 2016 07:16:01 +0100
MetalMinerBack in late 2015, prices moved to below the break-even point for the highest-cost U.S. steel mills. Their response was to close down those works, while others pulled back. U.S. Steel shut its Fairfield, Ala., blast furnace and its Granite City (near ...
http://agmetalminer.com/2016/04/01/us-flat-steel-prices-finally-break-out/


Moody's places U.S. Steel's ratings (B1 CFR) under review for downgrade ...
Fri, 01 Apr 2016 02:32:56 +0100
In addition, given the persistent challenges in the energy markets and U.S. Steel's exposure to the OCTG (Oil Country Tubular Goods) market, performance in 2016 is expected to continue to result in losses. Given industry fundamentals, we expect the ...
https://www.moodys.com/research/Moodys-places-US-Steels-ratings-B1-CFR-under-review-for--PR_346668


U.S. Steel Makers Still Fighting Illegal Steel Imports
Thu, 31 Mar 2016 20:08:05 +0100
With another big win on the tariff front, which should help to ease the pain U.S. steel makers are feeling from illegal imports, mill owners across the board rallied. But how excited should you really get from this After all, AK Steel CEO Roger Newport recently explained: It's not so much imports coming in.
http://www.topix.com/business/steel/2016/03/u-s-steel-makers-still-fighting-illegal-steel-imports


New state rule would reduce Detroit sulfur dioxide pollution
Thu, 31 Mar 2016 19:31:00 +0100
LANSING, Mich. (AP) - A new proposed state rule would require U.S. Steel to cut sulfur dioxide emissions at two of its Detroit facilities. The state Legislature would still have to approve the new rule announced Thursday from the state Department of Environmental Quality after a 2010 federal review found ... ......
http://article.wn.com/view/2016/03/31/New_state_rule_would_reduce_Detroit_sulfur_dioxide_pollution_0/


US Steel to Idle Plants, Lay Off Workers - Wall Street Journal
Fri, 18 Mar 2016 20:12:02 GMT
U.S. Steel, which has posted annual losses in six of the past seven years, had bet heavily on so-called oil country tubular goods, or OCTG, an industry that was substantially built up to provide pipes and other equipment for the boom in shale gas and ...
http://www.wsj.com/articles/u-s-steel-to-idle-plants-lay-off-workers-1458331894


Steel tariffs cost jobs - Tribune-Review
Sun, 13 Mar 2016 02:02:15 GMT
Think of the Bush administration's 8 percent to 30 percent tariffs in 2002 on several types of imported steel. They were levied in an effort to protect jobs in the ailing U.S. steel industry. Those tariffs caused the domestic price for some steel ...
http://triblive.com/opinion/featuredcommentary/10101406-74/steel-tariffs-jobs


Stressed Out: AK Steel Leads Surging of U.S. Steelmakers
Wed, 09 Mar 2016 20:05:19 GMT
This article is part of a Real Money series on 20 companies investors should consider adding to their distressed watch list. Shares of U.S. steelmakers are surging this year, and it appears the best performer in the group is West Chester, Ohio-based AK Steel .
http://www.topix.com/business/steel/2016/03/stressed-out-ak-steel-leads-surging-of-u-s-steelmakers



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