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Original Post By Stuart Burns Chinese steel mills are caught between the proverbial rock and a hard place. Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported. Vale 's ([[VALE]]) Feijao mine dis...
An afternoon surge in steel stocks is attributed to Nucor's ( NUE +1.9% ) apparent $40/ton price increase on all flat rolled products, effective immediately. More news on: Nucor Corporation, United States Steel Corporation, Steel Dynamics, Inc., Commodities news, Stocks on the move, Ne...
The U.S. Supreme Court declines to hear a challenge to steel tariffs initiated by the Trump administration, leaving in place an earlier U.S. Court of International Trade decision which allowed for the tariffs on steel imports into the U.S. More news on: United States Steel Corporation, N...
Original Post By Stuart Burns Aluminum base prices on the London Metal Exchange ((LME)) have been sliding for the last couple of months, suggesting we have a market in surplus. So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last mont...
Steel companies are surging following U.S. Steel's ( X +6% ) decision to idle two blast furnaces in the U.S. and one in Europe to "better align production in response to current market conditions." More news on: United States Steel Corporation, AK Steel Holding Corporation, Nucor Corpo...
Original Post By Stuart Burns The planned merger of Chinese behemoth Baowu Steel Group with a smaller rival is painted in rather dramatic terms, as if it is to be something that is feared. In practice, we should see this as a positive move. The Financial Times reported this we...
U.S. Steel ( X +5.1% ) pops despite a Goldman Sachs downgrade to Sell from Neutral with an $11 price target, cut from $17, as analyst Matthew Korn expects the stock to weaken as the market continues to cope with materially lower steel prices. More news on: United States Steel Corporati...
The protectionist policies of the Trump Administration in the United States are meant to both level the playing field for international trade, and to support US business and exports. When it comes to the steel business, other nations were dumping the ferrous metal on the US business for decade...
U.S. Steel (NYSE: X ) -1.7% pre-market after Deutsche Bank downgrades shares to Sell from Hold with an $11 price target, slashed from $20. More news on: United States Steel Corporation, Nucor Corporation, VanEck Vectors Steel ETF, Commodities news, Stocks on the move, News on ETFs, ...
Original Post By Stuart Burns According to the Financial Times , Norsk Hydro's (NHYDY) (NHYKF) giant Alunorte refinery in Brazil has been given approval to restart production by the Brazilian authorities. The announcement caught the market by surprise, coming some months earlier t...
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2024-06-03 01:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-14 03:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-04 09:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...