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U.S. Steel business headlines & news reports


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 ...
https://www.sootoday.com/local-news/hamilton-slams-door-on-essar-global-325885


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 ...
http://marketrealist.com/2016/06/u-s-steel-bulls-dont-expect-prolonged-party/


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 ...
http://www.thesudburystar.com/2016/06/18/essar-steel-algoma-in-sault-has-suitor


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 ...
http://www.nasdaq.com/article/steel-makers-strengthen-on-china-duties-auto-construction-demand-cm637161


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 ...
http://www.barrons.com/articles/u-s-steel-sector-set-for-higher-eps-1466175862


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 ...
http://seekingalpha.com/article/3982380-steel-u-s-strong-despite-global-oversupply


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 ...
http://www.fool.com/investing/2016/06/09/why-united-states-steel-corp-stock-fell-nearly-29.aspx


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 ...
http://marketrealist.com/2016/06/new-agreement-arcelormittal-mean-cliffs/


Shanghai Composite Index Adds To Weeks Gains
Thu, 02 Jun 2016 14:09:00 +0100
A, Jilin xxx Wuhan Hanshang (Group), Phenix Optical Co, Lanzhou Greatwall Electrical, Henan Dayou Energy Co., each were ... with the U.S. Commerce Department giving U.S. Steel a green light to pursue an outright ban on certain Chinese ...
http://redirect.viglink.com?u=http://www.bing.com/news/apiclick.aspx%3Fref%3DFexRss%26aid%3D%26tid%3D5C92C3B640454B7DA0C1CF72FB100BF2%26url%3Dhttp%253A%252F%252Fwww.economiccalendar.com%252F2016%252F06%252F02%252Fshanghai-composite-index-adds-to-weeks-gains%252F%26c%3D13128902562601549454%26mkt%3Den-gb&key=ddaed8f51db7bb1330a6f6de768a69b8


Zacks Industry Outlook Highlights: Tenaris, BHP Billiton, Rio Tinto ...
Fri, 27 May 2016 16:20:39 +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 ...
http://www.nasdaq.com/article/zacks-industry-outlook-highlights-tenaris-bhp-billiton-rio-tinto-and-vale-cm627543


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/



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