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U.S. Steel business headlines & news reports

U.S. Steel closing Gary Works coke plant
Fri, 27 Feb 2015 00:45:33 GMT
GARY U.S. Steel plans to close its Gary Works coke plant in May, displacing about 300 workers. It will mark the end of a coke-making era at the steel plant that once operated three coke batteries.

Cost Savings Help ArcelorMittal Handle Lower Steel Prices
Tue, 24 Feb 2015 09:02:00 GMT
In the previous part of this series, we saw that average steel prices dropped sharply in 4Q. This affected the profitability of all steel producersincluding ArcelorMittal (MT), U.S. Steel (X), Steel Dynamics (STLD, and Nucor (NUE). Lower steel prices ...

The Finest Steel Must Endure The Hottest Fire
Mon, 23 Feb 2015 15:44:25 GMT
Short-term headwinds portend an ugly 2015 for U.S. steelmakers, but stock prices imply overly bearish long-term expectations. With U.S. GDP, construction spending, and industrial activity all on the upswing, one might surmise that 2015 is shaping up to be a banner year for the steel sector.

Post-Earnings Review - United States Steel
Sat, 21 Feb 2015 08:29:56 GMT
For Q4 FY14 and full-year FY14, the company's net sales were , stated that the management is pleased to report another quarter of strong operating results, which continue to reflect the significant and sustainable improvement in the company's earnings power from its Carnegie Way transformation efforts. Our free coverage report can be accessed at: For FY15, U.S. Steel expects global economy to expand at a moderate rate, with U.S. economic growth of approximately 3% and European economic growth of approximately 1% and it anticipates lower single digit growth in each region.

Two Picks to Buck Falling Steel, Iron-Ore Prices
Wed, 18 Feb 2015 15:33:49 GMT
Cliffs Natural is a long-dated commodity price option. U.S. Steel is the most compelling story in the sector.

U.S. Steel (X) Down to Strong Sell on Oil Price Woes - Zacks.com
Mon, 16 Feb 2015 20:06:13 GMT
Zacks.comOversupply in the industry has put steel prices under pressure as Chinese steel production has considerably outpaced demand. Moreover, demand in China, which alone accounts for almost half of the total steel consumption, has declined owing to softness ...

U.S. Steel (X) Down to Strong Sell on Oil Price Woes - Zacks.com
Mon, 16 Feb 2015 20:06:13 GMT
U.S. Steel is idling its Lorain Tubular Operations in Ohio and another steel tube facility in Texas. The company cited falling oil prices and weakening tubular market conditions as reasons for the planned actions. Lower oil prices are affecting demand ...

United States Steel Corp. (X): New Analyst Report from Zacks Equity ...
Tue, 10 Feb 2015 12:00:12 GMT
We are retaining our Neutral recommendation on U.S. Steel

Wells Fargo: Sell U.S. Steel, buy Steel Dynamics
Fri, 06 Feb 2015 17:44:13 GMT
Wells Fargos Sam Dubinsky recommends shorting U.S. Steel ( X +0.4% ) and buying Steel Dynamics ( STLD +1.1% ) because of how the companies can hold up against declining U.S. scrap metal prices.

The Impact Of Lower Steel Prices On U.S. Steels 4Q Profits
Fri, 06 Feb 2015 15:04:55 GMT
Lets now analyze how U.S. Steels 4Q profits will be affected by lower steel prices.

Labor: Layoffs Have Been Cause For Concern
Sun, 01 Feb 2015 06:00:00 GMT
The steel industry had been doing fairly well until January, when both ArcelorMittal and U.S. Steel announced cutbacks that included local layoffs, said United Steelworkers District 7 Director Michael Millsap.

Falling Oil Prices: Could Steel Companies Be the Next Victim - Motley ...
Sat, 31 Jan 2015 19:01:18 GMT
To be fair, OCTG products aren't a huge part of the major steel players' businesses. For example, tubular goods made up just under 15% U.S. Steel's third-quarter sales. While that's nothing to sneeze at, it's not the company's largest business. And ...

U.S. Steel maps out greater efficiency for 2015 - Tribune-Review
Thu, 29 Jan 2015 04:29:16 GMT
The challenge for the company's Carnegie Way Initiative in 2015 will be to remain profitable in an extremely difficult environment in which steel prices are falling, cheaper foreign imports are increasing and weak oil prices are causing energy ...

U.S. Steel's (X) Q4 Earnings Top Estimates, Profit Slips - Analyst ...
Wed, 28 Jan 2015 14:30:39 GMT
U.S. Steel's Tubular segment's profit increased significantly year over year to $121 million, mainly on the back of higher alloy OCTG shipments and higher average realized prices. Average realized price rose 7.7% year over year and also increased 3.7% ...

U.S. Steel Earnings Soar Past Estimates
Wed, 28 Jan 2015 09:20:41 GMT
U.S. Steel easily beat results which shows management is executing and that the market has been too bearish on this stock. Shorts could help fuel gains in the coming days and the longer-term outlook could also brighten as cheap oil boosts consumer spending on autos and appliances.

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