Arcelormittal (MT) 14.50 $MT
Metals and Mining Stocks Coverage - Cliffs Natural Resources, ArcelorMittal, Rio Tinto, BHP Billiton, and Teck Resources
PR Newswire - Tue Sep 16, 8:30AM CDT
The US markets on Monday, September 15 2014, ended on a mixed note as the Dow Jones Industrial Average finished at 17,031.14, up 0.26% and the NASDAQ Composite closed at 4,518.90, down 1.07%. The S&P 500 finished the session 0.07% lower at 1,984.13. During the trading session, seven out of ten sectors finished on a higher note. The S&P 500 Materials Sector Index ended the day at 313.13, up 0.17%, with the index advancing 1.33% in the previous three months. Investor-Edge has initiated coverage on the following equities: Cliffs Natural Resources Inc. (NYSE: CLF), ArcelorMittal (NYSE: MT), Rio Tinto PLC (NYSE: RIO), BHP Billiton Ltd (NYSE: BHP), and Teck Resources Ltd. (NYSE: TCK). Free research on these five companies can be accessed at:
Nucor's New Buy To Boost Flat-Rolled Capacity By 16%
at Investor's Business Daily - Mon Sep 15, 1:19PM CDT
Steel producer Nucor is acquiring a flat-rolled products mill for $770 million, expanding its footprint in the Midwest and boosting flat-rolled capacity by 16%. Nucor (NUE) is buying Kentucky-based Gallatin Steel from ArcelorMittal (MT) and Gerdau...
ArcelorMittal and Gerdau agree to sell Gallatin Steel for US$770m
Thomson Reuters ONE - Mon Sep 15, 7:26AM CDT
1430 CET
ArcelorMittal (MT) Exhibiting Steel Solutions at SMM 2014 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 10, 5:55PM CDT
ArcelorMittal (MT) showcases steel solutions at the SMM 2014 in Hamburg, Germany.
Is It Time to Buy United States Steel Stock?
Reuben Brewer, The Motley Fool - Motley Fool - Tue Sep 09, 1:12PM CDT
United States Steel posted losses of over $26.50 a share cumulatively between 2009 and 2013 , a stretch during which the company didn't manage a single year of black ink. The stock, meanwhile, is down over 75% since peaking in...
Sustain Our Great Lakes Program Announces $12 Million in Grants for Great Lakes Restoration
GlobeNewswire - Tue Sep 09, 10:00AM CDT
Today, Sustain Our Great Lakes partners announced 31 projects selected by the program to receive nearly $12 million in grant funding for ecological restoration in the Great Lakes basin. With a focus on improving the quality and connectivity of stream, wetland and coastal habitats, this investment will help protect, restore and enhance the ecological integrity of the Great Lakes and surrounding region. Grant recipients will match the new grant funding with an additional $11 million, for a total on-the-ground impact of $23 million.
Why ArcelorMittal (MT) Stock Is Gaining Today
at The Street - Tue Sep 09, 9:12AM CDT
ArcelorMittal (MT) shares are rising after being upgraded to 'outperform' from 'neutral' by analysts at Credit Suisse (CS) on Tuesday.
Upgrade Alert for ArcelorMittal (MT)
Comtex SmarTrend(R) - Tue Sep 09, 6:56AM CDT
ArcelorMittal (NYSE:MT) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $14.63 on volume of 4.8 million shares, above average daily volume of 4.4 million. In the past 52 weeks, ArcelorMittal share prices have been bracketed by a low of $13.47 and a high of $17.92 and closed yesterday at $14.63, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.
ArcelorMittal (MT) Ships Rebar for Panama Canal Project - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 12:00PM CDT
Steel giant ArcelorMittal (MT) announced that it has shipped more than 192,000 tons of rebar for the Panama Canal expansion project.
ArcelortMittal (MT) Introduces Fortiform Automotive Steels - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 12:00PM CDT
Steel giant, ArcelortMittal (MT) has introduced a new range of lightweight high-strength steels called Fortiform for the automotive sector.
Steel Dynamics Reinforces To Grow As Markets Pick Up
at Investor's Business Daily - Thu Aug 28, 5:14PM CDT
Steel Dynamics is on a roll, thanks to renewed demand for steel and its plan for a transformational acquisition that would expand its presence in the southern U.S., bolster its production capacity and broaden its exposure to growth industries. The...
China, U.S. Lifts Global Crude Steel Production in July - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 26, 5:50PM CDT
Global crude steel production rose in July on gains across China and the U.S.
ArcelorMittal Set to Possibly Pullback After Yesterday's Rally of 4.85%
Comtex SmarTrend(R) - Tue Aug 26, 4:21PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $14.59 to a high of $14.79. Yesterday, the shares gained 4.9%, which took the trading range above the 3-day high of $14.15 on volume of 6.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Will This Upgrade Help ArcelorMittal (MT) Stock Today?
at The Street - Tue Aug 26, 8:21AM CDT
UBS upgrades ArcelorMittal (MT) to 'buy' from 'sell.'
ArcelorMittal Provides New Continuous Casting Line Format - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 20, 12:00PM CDT
ArcelorMittal (MT) has made several investments for years and has switched to a new symmetrical format for continuous casting line two, offering customers in the automotive supply sector high-quality steel ingots for producing forgings.
SunCoke Energy, Essar Steel, Xcoal Energy & Resources, World Steel Dynamics, and More to Headline Met Coke World Summit 2014 Agenda
Business Wire - Tue Aug 19, 8:00AM CDT
Upon its return to Chicago for the first time since 2008, the 2014 Met Coke World Summit will provide a platform for key business leaders and decision makers in the coke, coal, and steel industry to share their knowledge and insight into the most timely issues and challenges facing the market. SunCoke Energy, ArcelorMittal, Wood Mackenzie, Steel Institute VDEh, Xcoal Energy & Resources, and the US Chamber of Commerce are just a few of the players who will be taking part in discussions at Chicago's Westin Michigan Avenue on October 27-29th. The Super Early Bird price expires this Friday, August 22, 2014.
US Steel Industry Outlook 2014-2019
M2 - Tue Aug 19, 4:51AM CDT
Research and Markets (http://www.researchandmarkets.com/research/6jmd8b/us_steel_industry) has announced the addition of the "US Steel Industry Outlook 2019" report to their offering. US is the third largest steel producer in the world, with nearly 5.4% share in world crude steel production, as well as one of the leading steel consumers. The industry has benefited from soaring steel demand in the automotive, construction and oil & gas sectors. Furthermore, the cost effective and highly efficient steel making technologies have worked as a catalyst and uplifted the US steel demand in the international markets. In their latest research report, US Steel Industry Outlook 2019, the analysts identify that the US steel industry has been playing an important role in the country's overall economic development. Crude steel production is expected to grow around 4.8% in 2014, while consumption will increase more than 5.7% during the same period. We expect that this trend will continue in future also due to increase in consumption from various industrial sectors. The report studies the US steel industry in terms of production, consumption, export and import by the sector; and makes a steel demand analysis along with price analysis; and so on. A product-wise production and consumption has also been discussed including long products, flat products and seamless tubes with forecast till 2019. This report also provides further break down of long products' production into concrete reinforcing bars; bars and wire rods; and flat products into electrical sheets & strips, tin mill and other metallic coated sheets & strips. Moreover, the US steel consumption pattern, broken down by type of product, has been presented which represents that flat products account for the major share in total steel consumption in the country. The report also provides the consumption of finished steel by product, including stainless steel sheet/strip, plate, bar, rod and wire. This comprehensive study further includes information based on a steel demand analysis in various sectors including automobiles, energy, construction, container, defense and security etc. In addition, the report provides a steel pricing analysis, including steel spot prices and average scrap prices. Major market trends and drivers that are prevailing in the US steel industry are also discussed in the report. Besides, there's a detail analysis of key players with their business description, current and historical financial analysis and strengths & weaknesses. The players' production growth rate analysis is also given in comparison with the industry's average growth rate which can help to understand the direction in which the US steel industry is likely to move in future. Key Topics Covered: 1. Analyst View 2. Research Methodology 3. US Steel in Global Context 4. US Steel Industry Analysis 5. Steel Industry Outlook to 2019 6. Steel Demand Analysis 7. Steel Pricing Analysis 8. Industry Trends and Drivers 9. Competitive Landscape Companies Mentioned - AK Steel Corporation - Allegheny Technologies Incorporated - ArcelorMittal USA, LLC - Commercial Metals Company - Gerdau Ameristeel Corporation - Nucor Corporation - Steel Dynamics, Inc. (SDI) - The Timken Company - United States Steel Corporation For more information visit http://www.researchandmarkets.com/research/6j...l_industry
ArcelorMittal Earnings In Retrospect: Down 3.8% in the Last 17 Days (MT)
Comtex SmarTrend(R) - Mon Aug 18, 7:06AM CDT
17 days ago, on August 1st, 2014, ArcelorMittal (NYSE:MT) reported its earnings. Analysts, on average, expected a loss of $0.03 per share on sales of $21.3 billion. The company actually reported a break-even quarter on sales of $20.7 billion, beating EPS estimates by $0.03 and missing revenue estimates by $571.5 million. Shares of ArcelorMittal have slipped from $14.31 to $13.76, representing a loss of 3.8%, since the company reported earnings 17 days ago.
Metals and Mining Stocks Coverage - Cliffs Natural Resources, ArcelorMittal, Rio Tinto, BHP Billiton, and Teck Resources
PR Newswire - Tue Sep 16, 8:30AM CDT
The US markets on Monday, September 15 2014, ended on a mixed note as the Dow Jones Industrial Average finished at 17,031.14, up 0.26% and the NASDAQ Composite closed at 4,518.90, down 1.07%. The S&P 500 finished the session 0.07% lower at 1,984.13. During the trading session, seven out of ten sectors finished on a higher note. The S&P 500 Materials Sector Index ended the day at 313.13, up 0.17%, with the index advancing 1.33% in the previous three months. Investor-Edge has initiated coverage on the following equities: Cliffs Natural Resources Inc. (NYSE: CLF), ArcelorMittal (NYSE: MT), Rio Tinto PLC (NYSE: RIO), BHP Billiton Ltd (NYSE: BHP), and Teck Resources Ltd. (NYSE: TCK). Free research on these five companies can be accessed at:
Nucor's New Buy To Boost Flat-Rolled Capacity By 16%
at Investor's Business Daily - Mon Sep 15, 1:19PM CDT
Steel producer Nucor is acquiring a flat-rolled products mill for $770 million, expanding its footprint in the Midwest and boosting flat-rolled capacity by 16%. Nucor (NUE) is buying Kentucky-based Gallatin Steel from ArcelorMittal (MT) and Gerdau...
ArcelorMittal and Gerdau agree to sell Gallatin Steel for US$770m
Thomson Reuters ONE - Mon Sep 15, 7:26AM CDT
1430 CET
ArcelorMittal (MT) Exhibiting Steel Solutions at SMM 2014 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 10, 5:55PM CDT
ArcelorMittal (MT) showcases steel solutions at the SMM 2014 in Hamburg, Germany.
Is It Time to Buy United States Steel Stock?
Reuben Brewer, The Motley Fool - Motley Fool - Tue Sep 09, 1:12PM CDT
United States Steel posted losses of over $26.50 a share cumulatively between 2009 and 2013 , a stretch during which the company didn't manage a single year of black ink. The stock, meanwhile, is down over 75% since peaking in...
Sustain Our Great Lakes Program Announces $12 Million in Grants for Great Lakes Restoration
GlobeNewswire - Tue Sep 09, 10:00AM CDT
Today, Sustain Our Great Lakes partners announced 31 projects selected by the program to receive nearly $12 million in grant funding for ecological restoration in the Great Lakes basin. With a focus on improving the quality and connectivity of stream, wetland and coastal habitats, this investment will help protect, restore and enhance the ecological integrity of the Great Lakes and surrounding region. Grant recipients will match the new grant funding with an additional $11 million, for a total on-the-ground impact of $23 million.
Why ArcelorMittal (MT) Stock Is Gaining Today
at The Street - Tue Sep 09, 9:12AM CDT
ArcelorMittal (MT) shares are rising after being upgraded to 'outperform' from 'neutral' by analysts at Credit Suisse (CS) on Tuesday.
Upgrade Alert for ArcelorMittal (MT)
Comtex SmarTrend(R) - Tue Sep 09, 6:56AM CDT
ArcelorMittal (NYSE:MT) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $14.63 on volume of 4.8 million shares, above average daily volume of 4.4 million. In the past 52 weeks, ArcelorMittal share prices have been bracketed by a low of $13.47 and a high of $17.92 and closed yesterday at $14.63, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.
ArcelorMittal (MT) Ships Rebar for Panama Canal Project - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 12:00PM CDT
Steel giant ArcelorMittal (MT) announced that it has shipped more than 192,000 tons of rebar for the Panama Canal expansion project.
ArcelortMittal (MT) Introduces Fortiform Automotive Steels - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 12:00PM CDT
Steel giant, ArcelortMittal (MT) has introduced a new range of lightweight high-strength steels called Fortiform for the automotive sector.
Steel Dynamics Reinforces To Grow As Markets Pick Up
at Investor's Business Daily - Thu Aug 28, 5:14PM CDT
Steel Dynamics is on a roll, thanks to renewed demand for steel and its plan for a transformational acquisition that would expand its presence in the southern U.S., bolster its production capacity and broaden its exposure to growth industries. The...
China, U.S. Lifts Global Crude Steel Production in July - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 26, 5:50PM CDT
Global crude steel production rose in July on gains across China and the U.S.
ArcelorMittal Set to Possibly Pullback After Yesterday's Rally of 4.85%
Comtex SmarTrend(R) - Tue Aug 26, 4:21PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $14.59 to a high of $14.79. Yesterday, the shares gained 4.9%, which took the trading range above the 3-day high of $14.15 on volume of 6.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Will This Upgrade Help ArcelorMittal (MT) Stock Today?
at The Street - Tue Aug 26, 8:21AM CDT
UBS upgrades ArcelorMittal (MT) to 'buy' from 'sell.'
ArcelorMittal Provides New Continuous Casting Line Format - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 20, 12:00PM CDT
ArcelorMittal (MT) has made several investments for years and has switched to a new symmetrical format for continuous casting line two, offering customers in the automotive supply sector high-quality steel ingots for producing forgings.
SunCoke Energy, Essar Steel, Xcoal Energy & Resources, World Steel Dynamics, and More to Headline Met Coke World Summit 2014 Agenda
Business Wire - Tue Aug 19, 8:00AM CDT
Upon its return to Chicago for the first time since 2008, the 2014 Met Coke World Summit will provide a platform for key business leaders and decision makers in the coke, coal, and steel industry to share their knowledge and insight into the most timely issues and challenges facing the market. SunCoke Energy, ArcelorMittal, Wood Mackenzie, Steel Institute VDEh, Xcoal Energy & Resources, and the US Chamber of Commerce are just a few of the players who will be taking part in discussions at Chicago's Westin Michigan Avenue on October 27-29th. The Super Early Bird price expires this Friday, August 22, 2014.
US Steel Industry Outlook 2014-2019
M2 - Tue Aug 19, 4:51AM CDT
Research and Markets (http://www.researchandmarkets.com/research/6jmd8b/us_steel_industry) has announced the addition of the "US Steel Industry Outlook 2019" report to their offering. US is the third largest steel producer in the world, with nearly 5.4% share in world crude steel production, as well as one of the leading steel consumers. The industry has benefited from soaring steel demand in the automotive, construction and oil & gas sectors. Furthermore, the cost effective and highly efficient steel making technologies have worked as a catalyst and uplifted the US steel demand in the international markets. In their latest research report, US Steel Industry Outlook 2019, the analysts identify that the US steel industry has been playing an important role in the country's overall economic development. Crude steel production is expected to grow around 4.8% in 2014, while consumption will increase more than 5.7% during the same period. We expect that this trend will continue in future also due to increase in consumption from various industrial sectors. The report studies the US steel industry in terms of production, consumption, export and import by the sector; and makes a steel demand analysis along with price analysis; and so on. A product-wise production and consumption has also been discussed including long products, flat products and seamless tubes with forecast till 2019. This report also provides further break down of long products' production into concrete reinforcing bars; bars and wire rods; and flat products into electrical sheets & strips, tin mill and other metallic coated sheets & strips. Moreover, the US steel consumption pattern, broken down by type of product, has been presented which represents that flat products account for the major share in total steel consumption in the country. The report also provides the consumption of finished steel by product, including stainless steel sheet/strip, plate, bar, rod and wire. This comprehensive study further includes information based on a steel demand analysis in various sectors including automobiles, energy, construction, container, defense and security etc. In addition, the report provides a steel pricing analysis, including steel spot prices and average scrap prices. Major market trends and drivers that are prevailing in the US steel industry are also discussed in the report. Besides, there's a detail analysis of key players with their business description, current and historical financial analysis and strengths & weaknesses. The players' production growth rate analysis is also given in comparison with the industry's average growth rate which can help to understand the direction in which the US steel industry is likely to move in future. Key Topics Covered: 1. Analyst View 2. Research Methodology 3. US Steel in Global Context 4. US Steel Industry Analysis 5. Steel Industry Outlook to 2019 6. Steel Demand Analysis 7. Steel Pricing Analysis 8. Industry Trends and Drivers 9. Competitive Landscape Companies Mentioned - AK Steel Corporation - Allegheny Technologies Incorporated - ArcelorMittal USA, LLC - Commercial Metals Company - Gerdau Ameristeel Corporation - Nucor Corporation - Steel Dynamics, Inc. (SDI) - The Timken Company - United States Steel Corporation For more information visit http://www.researchandmarkets.com/research/6j...l_industry
ArcelorMittal Earnings In Retrospect: Down 3.8% in the Last 17 Days (MT)
Comtex SmarTrend(R) - Mon Aug 18, 7:06AM CDT
17 days ago, on August 1st, 2014, ArcelorMittal (NYSE:MT) reported its earnings. Analysts, on average, expected a loss of $0.03 per share on sales of $21.3 billion. The company actually reported a break-even quarter on sales of $20.7 billion, beating EPS estimates by $0.03 and missing revenue estimates by $571.5 million. Shares of ArcelorMittal have slipped from $14.31 to $13.76, representing a loss of 3.8%, since the company reported earnings 17 days ago.
