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U.S. Steel business headlines & news reports


Will the Steel Industry Buckle Under These Factors - Zacks.com
Thu, 26 May 2016 21:37:38 +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 brunt. Steel demand from the energy sector could weaken even ...
https://www.zacks.com/commentary/81645/will-the-steel-industry-buckle-under-these-factors


Are Cheap Chinese Steel Exports Really That Bad For the US - MetalMiner
Wed, 25 May 2016 20:02:09 +0100
Some firms have lost a ton of money in recent years as China created global oversupply, bringing global steel prices down with massive exports. In the face of rising imports, American production has dropped and U.S. steel producers are justifiably ...
https://agmetalminer.com/2016/05/25/are-cheap-chinese-steel-exports-really-that-bad-for-the-u-s/


Why U.S. Steel's 1Q16 Average Selling Prices Tanked - Yahoo ...
Fri, 20 May 2016 15:11:20 +0100
Yahoo NewsAll of the steel companies covered in this series reported lower steel prices in 1Q16 compared to the previous quarter. The average steel selling prices for U.S. Steel Corporation (X), Nucor (NUE), and Steel Dynamics (STLD) fell in the ballpark of 20% ...
https://www.yahoo.com/news/why-u-steel-1q16-average-140745776.html


China not to blame for crisis in U.S. steel industry - Hellenic Shipping ...
Fri, 20 May 2016 10:42:39 +0100
For years, due to its steel exports, China has been the dumping scapegoat of the United States, a convenient excuse for the country to impose anti-dumping tariffs to protect its own sluggish steel industry. Thus it's not surprising to see that the U ...
http://www.hellenicshippingnews.com/china-not-to-blame-for-crisis-in-u-s-steel-industry/


Comp Analysis: U.S. Steel, AKS Ceding Ground to Other Steelmakers ...
Wed, 18 May 2016 16:28:00 +0100
All of the steel companies covered in this series reported lower steel prices in 1Q16 compared to the previous quarter. The average steel selling prices for U.S. Steel Corporation (X), Nucor (NUE), and Steel Dynamics (STLD) fell in the ballpark of 20% ...
http://marketrealist.com/2016/05/comp-analysis-u-s-steel-aks-ceding-ground-steelmakers/


Border Protection Chief Outlines How Customs Catches Dumped Steel ...
Tue, 17 May 2016 07:05:43 +0100
In Salt Lake City earlier this month, the American Iron and Steel Institute and Metals Service Center Institute held their general meetings where steel industry executives discussed why Chinese steel imports are of particular concern to the U.S. steel ...
https://agmetalminer.com/2016/05/17/border-protection-chief-outlines-how-customs-catches-dumped-steel/


G7 to take steps on global steel glut-draft
Mon, 16 May 2016 14:56:00 +0100
Hunan Valin Steel Co, another Chinese steelmaker named in the case, said U.S. Steel's actions are unreasonable, according to the report from Bloomberg. China is not the only concern, with Japan threatening to take action against India at the World Trade ...
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Chinese steel producer challenges U.S. Steel complaint
Sat, 14 May 2016 03:25:00 +0100
It said a victory for U.S. Steel would have profound and long-lasting adverse effects on economic relations between the U.S. and China. Hunan Valin Steel Co., another Chinese manufacturer named in the case, said U.S. Steel's actions are not a campaign ...
http://redirect.viglink.com?u=http://www.bing.com/news/apiclick.aspx%3Fref%3DFexRss%26amp%3Baid%3D%26amp%3Btid%3DAFEEA40728E4410896D7EA4984CDCB6E%26amp%3Burl%3Dhttp%253A%252F%252Fwww.sltrib.com%252Fhome%252F3888428-155%252Fchinese-steel-producer-challenges-us-steel%26amp%3Bc%3D8212380968274826980%26amp%3Bmkt%3Den-gb&key=ddaed8f51db7bb1330a6f6de768a69b8


U.S. Steel Sinks as Another Wave of Cheap Imports Predicted - Bloomberg
Thu, 12 May 2016 20:41:24 +0100
U.S. Steel Corp. shares fell as much as 10 percent in New York Thursday, the biggest loss among large iron and steel stocks tracked by Bloomberg. That's as surging U.S. steel prices and falling Chinese prices boost the appeal of targeting the U.S ...
http://www.bloomberg.com/news/articles/2016-05-12/u-s-steel-sinks-as-another-wave-of-cheap-imports-predicted


Steel Stocks Buckle After Bubble-Like Rally
Tue, 10 May 2016 04:32:00 +0100
The sell-off started overnight in China when steel and iron ore futures both dropped 6% (the maximum ... Cliffs Natural Resources, Gerdau , Siderurgica Nacional, and U.S. Steel. Cliffs Natural Resources was up over 200% at one point, and ...
http://redirect.viglink.com?u=http://www.bing.com/news/apiclick.aspx%3Fref%3DFexRss%26amp%3Baid%3D%26amp%3Btid%3DD0D8D7EFD32A4D339B861BCAC3EBC03D%26amp%3Burl%3Dhttp%253A%252F%252Fseekingalpha.com%252Farticle%252F3973439-steel-stocks-buckle-bubble-like-rally%26amp%3Bc%3D14972601450776500434%26amp%3Bmkt%3Den-gb&key=ddaed8f51db7bb1330a6f6de768a69b8


Fitch Rates U.S. Steel's $980MM Sr. Secured Notes 'BB/RR2'; Downgrades ...
Thu, 05 May 2016 20:25:00 +0100
U.S. Steel reports that OCTG March inventories were estimated at 10 - 11 months of supply and that the import share of first quarter demand was projected to exceed 44%. Fitch notes that steel product imports in the U.S. through March 2016 are down 36% ...
http://www.businesswire.com/news/home/20160505006559/en/Fitch-Rates-U.S.-Steels-980MM-Sr.-Secured


Moody's downgrades U.S. Steel's CFR to B3; assigns B1 rating to senior ...
Mon, 02 May 2016 23:28:26 +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-downgrades-US-Steels-CFR-to-B3-assigns-B1-rating--PR_348067


Metal companies show gains
Mon, 02 May 2016 19:24:00 +0100
An improving outlook for American metals manufacturers renewed investor enthusiasm for their stock in April despite near-term headwinds to compete with cheap imports. U.S. Steel ... ......
http://article.wn.com/view/2016/05/02/Metal_companies_show_gains/


China Steel Industry's Punching Power 'Close To Peaking' - Forbes
Mon, 02 May 2016 17:12:00 +0100
China steel is hated around the world for its low cost, over supply, price cutting impact on its competition. U.S. Steel is lobbying congress to make recent import duties of over 233% stick this summer. Meanwhile, China's steel production is declining ...
http://www.forbes.com/sites/kenrapoza/2016/05/02/china-steel-industrys-punching-power-close-to-peaking/


Len Boselovic's Heard off the Street: Analysts: steel price spike ...
Mon, 02 May 2016 05:04:28 +0100
After U.S. Steel posted a heftier first quarter loss than analysts expected, the Pittsburgh manufacturer's forecast for the rest of 2016 is based on current market conditions including steel prices maintaining the 25 percent increase they have seen ...
http://www.post-gazette.com/business/pittsburgh-company-news/2016/05/02/Len-Boselovics-Heard-off-the-Street-Analysts-steel-price-spike-may-not-last/stories/201605010091



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