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U.S. Steel business headlines & news reports



Great Lakes steel production increases by 7000 tons - nwitimes.com
Tue, 16 Dec 2014 23:08:15 GMT
U.S. steel production ticked up by 0.001 percent in the week that ended Saturday, according to an American Iron and Steel Institute estimate. Local production rose by 7,000 tons, or about 0.1 percent. Most of the raw steel production in the Great Lakes ...
http://www.nwitimes.com/business/local/great-lakes-steel-production-increases-by-tons/article_2d2a8335-e2fe-5bea-a4c8-4aa44a22ed0d.html


United States Steel's Underperform Rating Reiterated at Bank of ...
Mon, 15 Dec 2014 11:52:46 GMT
U.S. Steel's exposure to slumping oil markets has clearly been weighing on the stock, down with WTI's 14% drop since Thanksgiving's surprise OPEC announcement to not cut output. Oil country tubular good (OCTG) volumes are most exposed to any drop ...
http://www.wkrb13.com/markets/444799/united-states-steels-underperform-rating-reiterated-at-bank-of-america-x/


China Credit Conditions Bad News for U.S. Steel, AK Steel and Joy ...
Mon, 15 Dec 2014 08:16:00 GMT
accounts for 18% of worldwide steel demand) - and, thus, pile additional downward pressure on steel & iron ore prices; on this theme, we continue to favor U.S. Steel, AK Steel, Vale (VALE), Rio Tinto (RIO), Companhia Siderurgica Nacional (SID)…& Joy ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=eddf9f0cbe094a269862791698729fc5&url=http://blogs.barrons.com/stockstowatchtoday/2014/12/15/china-credit-conditions-bad-news-for-u-s-steel-ak-steel-and-joy-global/%3Fru%3Dyahoo&c=4MUBiLMJI8uShog3Z7B0-h956rVzQmE79a_ScfQbI_Y&mkt=en-gb


One Reason United States Steel (X) Stock Is Lower Today
Mon, 08 Dec 2014 20:17:09 GMT
The last time oil prices were at the levels seen in today's trading session, U.S. Steel's tubular business saw a contraction in overall rig counts and began generating negative operating margins , Johnson said, according to Barron's . While we are modeling U.S. Steel's Tubular operating margins at just under 10% in 2015, if we assume these margins go to zero, after-tax this represents about 80 cents per share in EPS downside.
http://www.topix.com/business/steel/2014/12/one-reason-united-states-steel-x-stock-is-lower-today


WTO reverses much of ruling in Indian challenge to U.S. steel duties
Mon, 08 Dec 2014 13:37:00 GMT
The case involved U.S. duties imposed because a portion of the iron ore used to produce Indian steel pipe came from India's top iron ore miner NMDC, a state-run company that supplies steelmakers such as Tata and Essar. A spokesman for the U.S. Trade ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=8e8c8b04603b42a0a871e55c936625d3&url=http%3a%2f%2fwww.reuters.com%2farticle%2f2014%2f12%2f08%2fus-india-usa-wto-steel-idUSKBN0JM1U420141208&c=JzIlz7qDAHQhAS2oSvlMPpxHQuHTwE1VATxPyzaacMk&mkt=en-gb


Great Lakes steel production slides after three-week surge - nwitimes.com
Wed, 03 Dec 2014 06:09:11 GMT
Raw steel production slid after a three-week surge, dropping to 655,000 tons. U.S. steel production fell by 2.4 percent in the week that ended Saturday, according to an American Iron and Steel Institute estimate. Local production fell by 22,000 tons ...
http://www.nwitimes.com/business/local/great-lakes-steel-production-slides-after-three-week-surge/article_740490d0-3f85-5522-8a02-a5299461686a.html


Carnegie Way helps U.S. Steel realize financial benefits
Tue, 02 Dec 2014 21:01:55 GMT
U.S. Steel has realized $ 500 million of financial benefits under Carnegie Way in 2014. The above chart shows the breakdown of these benefits. As you can see, more than one-third of these benefits came ...
http://finance.yahoo.com/news/carnegie-way-helps-u-steel-210155410.html;_ylt=AwrBJR44jn9UqQwAvxj_wgt.


U.S. Steel shrinks, then works to maintain profitability
Tue, 02 Dec 2014 17:01:13 GMT
In January 2014, the company announced it will be replacing its blast furnace in Alabama with an electric arc furnace (or EAF). Moving to EAFs will help U.S. Steel maintain its long-term profitability....
http://finance.yahoo.com/news/u-steel-shrinks-then-works-170113095.html


U.S. Steel invokes Carnegie to reclaim lost glory
Tue, 02 Dec 2014 13:00:59 GMT
Through a disciplined approach, U.S. Steel is working to strengthen its balance sheet with intense focus on cash flows, improving operational efficiency, optimizing supply chain, and right-sizing its operations....
http://finance.yahoo.com/news/u-steel-invokes-carnegie-reclaim-130059469.html;_ylt=AwrBJSC4PH5UsEQAeIH_wgt.


U.S. Steel invokes Carnegie to reclaim lost glory
Tue, 02 Dec 2014 13:00:59 GMT
Through a disciplined approach, U.S. Steel is working to strengthen its balance sheet with intense focus on cash flows, improving operational efficiency, optimizing supply chain, and right-sizing its operations....
http://finance.yahoo.com/news/u-steel-invokes-carnegie-reclaim-130059469.html;_ylt=AwrBJR44jn9UqQwAuxj_wgt.


United States to investigate potential steel dumping - nwitimes.com
Mon, 01 Dec 2014 22:24:39 GMT
"I applaud the International Trade Commission for deciding to investigate illegal imports of steel pipe from Korea and Turkey," said U.S. Rep. Pete Visclosky, D-Ind. "We must continue to do more to protect American manufacturing jobs." U.S. steelmakers ...
http://www.nwitimes.com/business/local/united-states-to-investigate-potential-steel-dumping/article_67b6094d-34cb-534c-9b1a-4fadba47d785.html


Working capital management is key for U.S. Steel
Mon, 01 Dec 2014 21:00:56 GMT
U.S. Steel Corporation's (X) working capital was higher compared to other steel plays. It was paying its suppliers earlier than what its peers were doing and taking more time to collect payment from its ...
http://finance.yahoo.com/news/working-capital-management-key-u-210056057.html;_ylt=AwrBJSD5k31UW3wAECL_wgt.


When U.S. Steels obligations exceeded its market capitalization
Mon, 01 Dec 2014 17:00:52 GMT
A cause of worry for U.S. Steel was rising obligations. Two of the major obligations of any company are to its debt holders and to the pension plan.
http://finance.yahoo.com/news/u-steel-obligations-exceeded-market-170052385.html;_ylt=AwrBJSD5k31UW3wADyL_wgt.


U.S. Steels (X) Carnegie Way Initiatives Should Bear Fruit
Mon, 01 Dec 2014 16:20:02 GMT
We have issued an updated research report on steel maker U.S. Steel (X).
http://finance.yahoo.com/news/u-steels-x-carnegie-way-162002111.html;_ylt=AwrBJSD5k31UW3wAESL_wgt.


U.S. Steels (X) Carnegie Way Initiatives Should Bear Fruit
Mon, 01 Dec 2014 16:20:02 GMT
We have issued an updated research report on steel maker U.S. Steel (X).
http://finance.yahoo.com/news/u-steels-x-carnegie-way-162002111.html;_ylt=AwrBJR8563xUPlAABzH_wgt.



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