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U.S. Steel business headlines & news reports

Avoid the Steel Trap - Morningstar.com
Wed, 24 Aug 2016 12:05:46 +0100
U.S. steelmaker stocks have rallied sharply after a painful 2015 and are now pricing in much better times ahead. Given the impact of skyrocketing steel prices, the perception of improved supply discipline in China, and protectionist trade cases, the ...

U.S. Steel, Steel Dynamics have more room to run, Citi says
Tue, 23 Aug 2016 04:02:45 +0100
Citigroup initiated coverage on the steel sector today with a positive outlook , with Buy ratings on U.S. Steel and Steel Dynamics , and Neutral ratings for AK Steel , Nucor and Commercial Metals . Citi sees prices for hot-rolled coil holding the $550-$600/ton range into 2017, a relatively more bullish view than the consensus which expects prices to fall quickly in H2 given relatively high price premiums vs. imports, but the firm finds support from idlings, imports and inventory.

Be Bullish on U.S. Steel, AK Steel - Barron's
Fri, 19 Aug 2016 16:32:40 +0100
From a tactical perspective, we believe steel prices will continue to moderate gradually into the fourth quarter as the open arbitrage window will attract incremental imports into the market. We don't expect a material increase in import levels owing ...

Spotlight on the Steel Industry in Campaign and Washington D.C. ... ...
Mon, 01 Aug 2016 23:07:10 +0100
The struggling U.S. steel industry is getting plenty of attention. Both candidates in the Presidential campaign are promising to strengthen it. And the Feds are ...

Pittsburgh-area metal producers roared back in July
Sat, 30 Jul 2016 06:34:00 +0100
July was good to metal producers. After enduring a year of falling prices and a surge of cheap imports that pressured finances, U.S. Steel, Allegheny ... ......

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 ...

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