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Steel is the world's second-largest commodity after crude oil. For over 200 years, the London Metal Exchange (LME) has provided the trade - producers, traders and consumers - the opportunity to hedge their risk across a growing range of base metals. Foreign firms cannot hedge on t...
Four industry groups representing top U.S. steel producers (SLX) and the United Steelworkers union are urging Pres.-elect Biden to preserve Pres. Trump's 25% steel tariffs implemented in 2018, calling them "essential" to ensure the viability of domestic steel production.The groups say steel o...
In Brazil, historic environmental restrictions and, at least in Q1 2020, heavy rains hampered Vale's operations. However, output came back as 2020 progressed. Australia had fewer environmental and pandemic-related challenges. However, the country has been fighting an ongoing trade war...
U.S. Steel (X) +2.9% pre-market after Deutsche Bank upgrades shares to Buy from Sell with a Street-high $28 price target, as "stars align" for integrated steel producers.Hot-rolled coiled steel prices have hit a peak after last year's H2 rally which saw prices jump from $435-$440/st to $...
Caterpillar ([[CAT]] +7.2%) touches an all-time high and U.S. Steel ([[X]] +17.6%) soars to its highest mark since March 2019 on bets that Democrats will take control of Congress, paving the way for a Biden administration to pass a wide-ranging infrastructure stimulus bill.The top steel ETF (...
Here are the ETFs and ETNs with the strongest price performance going into 2021, excluding leveraged and inverse ETFs. We've listed the ETFs with the strongest three month performance, and also provided their one month performance.We've grouped the ETFs by theme. There are four themes behind ...
Iron ore shortages boost the price of the ferrous metal. Chinese steel demand is robust. US infrastructure rebuilding would increase the global demand. Steel prices are trending higher. SLX is a diversified approach to investing in steel. For further details see: ...
KeyBanc raises estimates across the steel sector on expectations of tighter supplies and improved demand, KeyBanc analyst Philip Gibbs says, seeing "idiosyncratic value" and raising price targets for Cleveland-Cliffs ([[CLF]] +0.4%), ArcelorMittal ([[MT]] +1.7%) and Schnitzer Steel ([[SCHN]] ...
U.S. Steel (X) says it has exercised its option to acquire the remaining 50.1% stake in Big River Steel for $774M, giving it ownership of one of the newest, most advanced flat-rolled mini mills in the U.S.The company has said the acquisition is the centerpiece of its drive to raise profit by ...
China is on track to top 1 billion tons of steel production by the end of 2020, beating 2019's 996.3 million tons despite steel-consuming industries suffering a lockdown. It is the only major producing country to have increased output this year, up 5.6% at the end of October. Desp...
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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...