AK Steel Ups Specialty Sheet & Strip Stainless Steel Prices
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 4:43PM CDT
AK Steel Holding Corporation (AKS) declared that it will raise base prices for all specialty sheet and strip stainless steel products by 3%-6%.
RYI: 16.75 (+0.52), ZEUS: 26.36 (+1.31), AKS: 4.87 (+0.10), MT: 5.38 (+0.32)
Moving Average Crossover Alert: ArcelorMittal (MT)
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 8:50AM CDT
ArcelorMittal (MT) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front
MT: 5.38 (+0.32)
AK Steel Closes Offering of $380M Senior Secured Notes
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 8:38AM CDT
AK Steel holding Corporation (AKS) said that its subsidiary, AK Steel Corporation, has successfully closed the registered offering of $380 million aggregate principal amount of 7.50% senior secured notes due 2023.
RYI: 16.75 (+0.52), ZEUS: 26.36 (+1.31), AKS: 4.87 (+0.10), MT: 5.38 (+0.32)
POSCO's Long-term Potential Solid, Runs Near-Term Risks
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 7:44AM CDT
We issued an updated research report on South Korean steel producer POSCO (PKX) on Jun 21, 2016.
RYI: 16.75 (+0.52), ZEUS: 26.36 (+1.31), MT: 5.38 (+0.32), PKX: 44.33 (+0.47)
Commercial Metals to Sell Australian Distribution Assets
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 6:29AM CDT
Commercial Metals Company (CMC) has decided to sell its remaining steel distribution assets in Australia.
RYI: 16.75 (+0.52), CMC: 16.55 (-0.25), MT: 5.38 (+0.32), PKX: 44.33 (+0.47)
AK Steel (AKS) Prices $380 Million of Senior Secured Notes
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 5:27PM CDT
AK Steel Holding Corporation's (AKS) subsidiary, AK Steel Corporation (AK Steel), has priced its public offering of $380 million aggregate principal amount of 7.50% senior secured notes due 2023.
RYI: 16.75 (+0.52), AKS: 4.87 (+0.10), MT: 5.38 (+0.32), PKX: 44.33 (+0.47)
Steel Dynamics (STLD) Issues Upbeat Guidance for Q2
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 6:53AM CDT
Steel producer and metal recycler, Steel Dynamics Inc. (STLD), has provided its second-quarter 2016 guidance.
STLD: 25.56 (+0.35), RYI: 16.75 (+0.52), MT: 5.38 (+0.32), PKX: 44.33 (+0.47)
SmarTrend Watching for Potential Rebound in Shares of ArcelorMittal After 2.27% Loss
Comtex SmarTrend(R) - Mon Jun 13, 3:52PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $5.03 to a high of $5.22. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $5.23 on volume of 7.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
MT: 5.38 (+0.32)
Cliffs to Restart United Taconite, Raises 2016 Sales Outlook
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 8:02AM CDT
Cliffs Natural Resources Inc. (CLF) declared that it will will restart operations of the United Taconite mining facility (UTAC) in Minnesota in August.
TCK: 12.78 (+0.47), BHP: 29.40 (+1.35), CLF: 5.25 (+0.16), MT: 5.38 (+0.32)
Buy 5 Best Stocks with Accelerating Earnings
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 6:10AM CDT
Earnings acceleration is a profitable strategy as it considers both the direction and magnitude of growth rates.
BR: 65.11 (+0.88), GOLD: 94.90 (-0.37), HXL: 42.97 (+0.52), MT: 5.38 (+0.32), BOOM: 10.41 (+0.12)
Nucor & JFE Steel to Serve the Mexican Automotive Market
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 5:56AM CDT
Nucor Corporation (NUE) and JFE Steel Corporation of Japan have announced a 50-50 joint venture to build and operate a plant in Mexico that will supply sheet steel to the country's automotive market.
RYI: 16.75 (+0.52), NUE: 50.50 (+0.93), MT: 5.38 (+0.32), PKX: 44.33 (+0.47)
United Taconite reopening in August, 2 months early
By STEVE KARNOWSKI - AP - Thu Jun 09, 4:30PM CDT
MINNEAPOLIS (AP) — Cliffs Natural Resources brought more good news to northeastern Minnesota's Iron Range on Thursday when the company said it will restart operations in August at its United Taconite mining facilities, two months earlier than previously announced.
X: 18.04 (+0.92), MT: 5.38 (+0.32)
Shiloh Industries' (SHLO) Q2 Earnings Fall Y/Y, Revenues Up
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 10:28AM CDT
Shiloh Industries Inc. (SHLO) reported adjusted earnings of 19 cents per share for second-quarter fiscal 2016 (ended Apr 30, 2016), below earnings of 40 cents in the year-ago quarter. Net revenues grew 4.4% to $284.3 million.
RYI: 16.75 (+0.52), ZEUS: 26.36 (+1.31), SHLO: 8.77 (+0.06), MT: 5.38 (+0.32)
Why ArcelorMittal (MT) Stock Might be a Great Pick
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 7:51AM CDT
ArcelorMittal (MT) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
MT: 5.38 (+0.32)
Cliffs to Gain from ArcelorMittal Deal, Debt & Cost Actions
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 6:53AM CDT
We have issued an updated research report on Cliffs Natural Resources Inc. (CLF).
TCK: 12.78 (+0.47), BHP: 29.40 (+1.35), CLF: 5.25 (+0.16), MT: 5.38 (+0.32)
LB Foster's Exposure to Price Fluctuations Raises Concerns
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 9:27AM CDT
On Jun 7, 2016, we issued an updated research report on premium railroads manufacturing firm LB Foster Co. (FSTR).
FSTR: 11.97 (+0.75), ZEUS: 26.36 (+1.31), MT: 5.38 (+0.32)
Watch for ArcelorMittal to Potentially Pullback After Gaining 1.90% Yesterday
Comtex SmarTrend(R) - Mon Jun 06, 3:25PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $5.29 to a high of $5.41. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $5.27 on volume of 11.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
MT: 5.38 (+0.32)
ArcelorMittal Rises 1.90% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Mon Jun 06, 3:23PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $5.29 to a high of $5.41. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $5.27 on volume of 11.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
MT: 5.38 (+0.32)
ETFs & Stocks to Buy from Top Ranked Sectors for Summer
Sweta Killa - Zacks Investment Research - Mon Jun 06, 9:20AM CDT
Summer has officially kicked off with feeble May job data that has pushed back the probability of a rate hike and raised volatility in the market.
PKB: 26.10 (+0.42), CRI: 106.45 (+2.03), TSN: 63.36 (+0.68), XME: 24.18 (+0.49), PEZ: 41.70 (+0.31), FXG: 47.60 (+0.50), DY: 89.88 (+2.07), MT: 5.38 (+0.32)