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Cleveland-Cliffs ( CLF +0.4% ) says its AK Steel subsidiary has raised current spot market base prices for all carbon flat-rolled steel products by a minimum of $40/ton with new orders in North America. More news on: Cleveland-Cliffs Inc., United States Steel Corporation, ArcelorM...
Original Post By Stuart Burns Nickel prices have seen support in recent months more from supply-side concerns. Initially, support came from bringing forward of Indonesia's raw material export ban, More recently, support came from concerns the coronavirus pandemic would shut down mi...
Steel Dynamics ( STLD -2.4% ) and Reliance Steel & Aluminum ( RS -3.2% ) are lower after KeyBanc downgrades both names to Sector Weight from Overweight, as the firm forecasts "materially weaker near-term U.S. demand" in the carbon steel sector. More news on: Steel Dynamics, Inc.,...
Nucor (NYSE: NUE ) has raised the price of hot-rolled, cold-rolled and galvanized by a minimum of $50/ton, and U.S. Steel (NYSE: X ) told customers it will increase the price of all new flat-rolled products spot orders by a minimum of $60/ton ( RSC1:COM ), Bloomberg reports. More news on: ...
Original Post By Sohrab Darabshaw Provisional data for fiscal year 2020 from the Government of India show India became a net exporter of steel with an increase of 31.4% in March 2020. A CNBC report claimed India's steel consumption had touched the psychological barrier of 100 mil...
COVID-19, the collapse of U.S. energy and more steel capacity ( JBP:COM ) poised to come on line in 2021 comprise a " perfect storm " for domestic steel companies "for which recovery will take time," Credit Suisse's Curt Woodworth says. More news on: Nucor Corporation, Cleveland-Cliffs Inc...
Tata Steel says it will reduce production at all four of its Europe blast furnaces. More news on: United States Steel Corporation, Nucor Corporation, Steel Dynamics, Inc., Stocks on the move, Commodities news, News on ETFs, Read more ...
Pres. Trump's call on Congress to provide $2T for U.S. infrastructure is lifting steel and copper stocks sharply higher. More news on: Cleveland-Cliffs Inc., United States Steel Corporation, Commercial Metals Company, Commodities news, Stocks on the move, News on ETFs, Read more ... ...
Steel Dynamics ( STLD +5.7% ) is upgraded to Buy from Hold and Nucor ( NUE +3.6% ) is raised to Hold from Sell by Deutsche Bank following the recent selloff in the steel sector. More news on: Steel Dynamics, Inc., Nucor Corporation, VanEck Vectors Steel ETF, Commodities news, St...
Original post By Sohrab Darabshaw Like in other countries, the outbreak of COVID- 19 and the subsequent lockdown threatens to disrupt India's steel production. What's more, there are reports coming in now that Indian steel companies will face even more competition from rivals in Ch...
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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...