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U.S. Steel business headlines & news reports

Can U.S. Steel Have Positive EBITDA in 2Q16 - Market Realist
Tue, 19 Jul 2016 15:19:23 +0100
For other steel companies like AK Steel (AKS), ArcelorMittal (MT), and Nucor (NUE), higher steel prices could have a positive impact on their 2Q16 earnings. Meanwhile, another important question would be whether U.S. Steel raises its fiscal 2016 EBITDA ...

Is Lower Scrap Pricing Driving Steel Prices Lower - Market Realist
Wed, 13 Jul 2016 16:20:28 +0100
- Raw material prices tend to impact steel pricing. Steel scrap, iron ore, and coal are among the key raw materials used in steelmaking. Integrated steelmakers like U.S. Steel Corporation (X) and ArcelorMittal (MT) rely more on iron ore. Both of these ...

U.S. Steel, Other Metals And Mining Reviewed By Barclays
Tue, 12 Jul 2016 16:07:41 +0100
Heading into the 2Q earnings season, commodity price estimates for steel have been raised. This has improved the earnings outlooks for steel companies, and resulted in an increase in the price targets of four steel stocks, Barclays' Matthew J. Korn said in a report.

What Has Driven Steel Prices in 2016 - Market Realist
Mon, 11 Jul 2016 17:17:39 +0100
- Steel stocks have also followed steel prices and moved to higher price levels. U.S. Steel Corporation (X) and AK Steel (AKS) have led the pack with YTD gains of 127% and 105%, respectively. ArcelorMittal (MT) has also gained 45% YTD. The SPDR S&P ...

Why U.S. Steel and Other Domestic Steel Players Rallied to End June ...
Thu, 07 Jul 2016 17:13:06 +0100
June was a tumultuous month, with the heavily anticipated Brexit vote looming large. That British decision overshadowed a lot of other things, pushing good news for the U.S. steel industry into the background.

Barack Obama wrong about size of U.S. steel production, work force ...
Tue, 05 Jul 2016 22:37:59 +0100
'I mean, the steel industry is producing as much steel in the United States as it ever was. It's just (that) it needs one-tenth of the workers that it used to.' Several readers asked us to look into Obama's comparison -- that 'the steel industry is ...

Why Harley-Davidson, US Steel, and First Majestic Silver Jumped Today ...
Fri, 01 Jul 2016 22:44:11 +0100
U.S. Steel rose 8%, adding to a 6% rise on Thursday. The steel giant is experiencing at least a temporary rebound in steel prices, and some believe that decisions among steel consumers to reduce their stockpiles over the past couple of years will give ...

Hamilton slams door on Essar Global - SooToday.com
Mon, 27 Jun 2016 17:11:00 +0100
SooToday.com - Essar Global has reportedly been rejected as a potential buyer of U.S. Steel's operations in Hamilton and Nanticoke. The Hamilton Spectator's Steve Arnold quotes anonymous sources this morning indicating that the Mumbai, India-based conglomerate has ...

U.S. Steel Bulls: Don't Expect a Prolonged Party - Market Realist
Fri, 24 Jun 2016 11:41:15 +0100
- Trade cases have turned the US steel industry into a virtual island. Steel prices in the United States (DIA) have risen sharper this year compared to some of the other major steel consuming regions. As a result, the differential between US and ...

Essar Steel Algoma in Sault has suitor - The Sudbury Star
Sat, 18 Jun 2016 12:41:02 +0100
The Sudbury Star - A New York-based private equity firm wants to buy Essar Steel Algoma and combine the Sault Ste. Marie steelmaker with the Canadian operations of U.S. Steel Canada. United Steelworkers of America Local 2251, representing about 2,200 unionized workers ...

Steel Makers Strengthen On China Duties; Auto, Construction Demand ...
Fri, 17 Jun 2016 19:03:14 +0100
One category of steel product is labeled oil country tubular goods (OCTG). This includes rolled products like drill pipe, connectors and tubing for the oil and gas industry. U.S. Steel said it built the first seamless drill pipe for the oil and gas ...

U.S. Steel Sector Set for Higher EPS - Barron's
Fri, 17 Jun 2016 16:04:50 +0100
Barron's - We attended the American Metal Market/World Steel Dynamics Steel Success Strategies conference this week and also hosted meetings with Steel Dynamics, United States Steel and Big River Steel. In our opinion there is a true renaissance underway in the ...

Steel: U.S. Strong Despite Global Oversupply - Seeking Alpha
Thu, 16 Jun 2016 10:41:02 +0100
Overview: The U.S. steel industry has been a developing, positive theme in 2016. Steel impacts the industrial metals components of VanEck's actively and passively managed natural resources strategies. As of March 31, 2016, steel-related companies ...

Why United States Steel Corp. Stock Fell Nearly 29% in May - Motley ...
Thu, 09 Jun 2016 19:16:10 +0100
Motley Fool - U.S. Steel CEO Mario Longhi at the company's Irvin Plant. Image Source: United States Steel Corp. What: United States Steel Corp.'s (NYSE: X ) shares fell a dramatic 28.7% last month. Although that's a big number, they ended the month up over 75% for ...

What Does the New Agreement with ArcelorMittal Mean for Cliffs - ...
Thu, 02 Jun 2016 20:18:44 +0100
The above chart shows Cliffs's annual rated capacity tonnage for iron ore pellets. It is the dominant player, followed by U.S. Steel Corporation (X) and ArcelorMittal USA. Since the majority of Cliffs's revenues and earnings come from the US steel ...

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