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U.S. Steel business headlines & news reports


Steel Industry Health Check: Import Fall Slows as Spreads Rise - ...
Tue, 27 Sep 2016 17:45:00 +0100
The US steel industry (XME) has benefited from the trade cases imposed on imports of flat rolled steel products. Steel companies such as U.S. Steel (X), ArcelorMittal (MT), AK Steel (AKS), and Nucor (NUE) have increased their base selling prices ...
http://marketrealist.com/2016/09/steel-industry-health-check-import-fall-slows-as-spreads-rise/


Government Favoritism of Steel Producers Hurts Americans - Daily ...
Tue, 27 Sep 2016 16:30:56 +0100
Tariffs limit choice and increase the cost of steel, which not only impacts consumers but could hurt millions of U.S. jobs. The domestic steel industry employs roughly 147,000 people. Meanwhile, U.S. steel-consuming manufacturers and construction ...
http://dailysignal.com/2016/09/27/government-favoritism-of-steel-producers-hurts-americans/


Chinese Steel Prices Pare Gains after August Recovery - Market Realist
Tue, 27 Sep 2016 01:46:00 +0100
Chinese steel prices are a key indicator that investors in companies such as U.S. Steel (X), ArcelorMittal (MT), AK Steel (AKS), and Nucor (NUE) should track. Chinese steel prices tend to put a floor under international steel prices. Simply put, if ...
http://marketrealist.com/2016/09/chinese-steel-prices-pare-gains-after-august-recovery/


U.S. Steel: Buy, Don't Recoil at the Pullback - Barron's
Mon, 26 Sep 2016 11:11:31 +0100
In our view U.S. Steel has significant upside potential into 2017 as conversion costs continue to fall, U.S. Steel realizes significant average selling price (ASP) increases in annual contract business, oil country tubular goods (OCTG) inflects higher ...
http://www.barrons.com/articles/u-s-steel-buy-dont-recoil-at-the-pullback-1474884600


Credit Suisse On U.S. Steel: 'Shares Are Very Undervalued,' Correction ...
Fri, 23 Sep 2016 14:19:01 +0100
Woodworth believes U.S. Steel has meaningful upside potential into 2017, driven by the continued decline in conversion costs, the company realizing material ASP increases in its annual contract business, inflection in OCTG as the inventory excess is ...
http://www.benzinga.com/analyst-ratings/analyst-color/16/09/8489453/credit-suisse-on-u-s-steel-shares-are-very-undervalued-c


US steel producers to file charges against Chinese competitors - ...
Fri, 23 Sep 2016 02:18:00 +0100
ArcelorMittal USA, Nucor Corp, AK Steel Holdings Corp and United States Steel Corp are filing the petition, said Kelley Drye & Warren LLP, the law firm representing ArcelorMittal. The U.S. Commerce Department last week set preliminary antidumping ...
http://www.reuters.com/article/us-usa-trade-steel-china-idUSKCN11T03Z


Making steel with Bedrock Industries. Will it happen - Hamilton ...
Thu, 22 Sep 2016 01:24:08 +0100
The company is not known for its experience in the steel industry and its previous acquisitions have tended to be with much smaller companies than U.S. Steel Canada. According to the company's website, Bedrock specializes in deals from $50 million to ...
http://www.thespec.com/news-story/6871399-making-steel-with-bedrock-industries-will-it-happen-/


What's Ailing the Steel Industry - Yahoo Finance
Thu, 22 Sep 2016 00:14:16 +0100
Steel products used by the energy industry are also known as oil country tubular goods (or OCTG). U.S. Steel being the biggest supplier of these goods in North America is bearing most of the impact. Steel demand from the energy sector could weaken even ...
http://finance.yahoo.com/news/whats-ailing-steel-industry-211009450.html


Feds should end protectionist steel tariffs - Washington Times
Mon, 19 Sep 2016 23:29:47 +0100
Steel-consuming industries are not the only ones affected by higher steel prices. While U.S. steel-makers deplore other countries' pouring steel into the market at unfair prices, many American consumers worry about how they will afford a washing ...
http://www.washingtontimes.com/news/2016/sep/19/feds-should-end-protectionist-steel-tariffs/


How Do Markets View Steel Companies as Metal Prices Tumble - Market ...
Mon, 19 Sep 2016 17:44:01 +0100
- After a horrid August, US steel companies (XME) are having an equally terrible September. After the spectacular rally earlier this year, market sentiment seems to be turning negative for leading US steel producers. U.S. Steel (X) and AK Steel (AKS ...
http://marketrealist.com/2016/09/how-do-markets-view-steel-companies-as-metal-prices-tumble/


Why the US Steel Industry's Joyride Is Coming to an End - Market ...
Thu, 15 Sep 2016 14:38:00 +0100
The steel industry has seen its fortunes change in 2016. However, after the spectacular rally, market sentiment seems to be turning negative towards leading US steel producers (XME). August wasn't a happy month for US steelmakers. U.S. Steel (X) and AK ...
http://marketrealist.com/2016/09/why-the-us-steel-industrys-joyride-is-coming-to-an-end/


Jefferies Staying Defensive On Steel Sector, Highlights Expectation ...
Thu, 15 Sep 2016 13:40:25 +0100
U.S. steel prices have been following a downward trajectory through Q3 due to lower raw material input costs, higher flat rolled imports and a seasonally weak demand environment. Rosenfeld expects the downturn to continue through yearend due to ...
http://www.benzinga.com/analyst-ratings/analyst-color/16/09/8461559/jefferies-staying-defensive-on-steel-sector-highlights-e


U.S. trade panel affirms hot-rolled steel duties on 7 countries - ...
Tue, 13 Sep 2016 02:12:00 +0100
The request for duties was filed by U.S. Steel Corp., AK Steel Corp., ArcelorMittal USA, Nucor Corp., SSAB Enterprises and Steel Dynamics Inc. The steelmakers have blamed imports traded at unfairly low prices for hurting profits and costing thousands ...
http://triblive.com/business/headlines/11131567-74/steel-duties-anti


How's the Raw Material Market Impacting Steel Prices in 2016 - Market ...
Mon, 12 Sep 2016 17:08:51 +0100
For instance, U.S. Steel Corporation (X) and ArcelorMittal (MT) have captive iron ore mines. Apparently, ArcelorMittal is among the top five iron ore miners globally. The company also has captive coal mines. AK Steel (AKS) had backward integrated ...
http://marketrealist.com/2016/09/hows-raw-material-market-impacting-steel-prices-2016/


US slaps steel tariffs on four countries - nwitimes.com
Fri, 09 Sep 2016 22:40:36 +0100
ArcelorMittal, U.S. Steel, Fort Wayne-based Steel Dynamics and other U.S. steelmakers requested the tariffs last year amid a global import crisis when imports captured a record 29 percent of the market share, more than in the early 2000s, when more ...
http://www.nwitimes.com/business/steel/u-s-slaps-steel-tariffs-on-four-countries/article_2f15cece-32ba-52a2-96aa-a99a81c68913.html



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