American Iron And Steel Institute News
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U.S. Steel Corp. the largest U.S. producer of the metal, reported a first-quarter loss and revenue that missed analysts’ estimates after a drop in steel prices and shipments.
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Nucor Corp., the biggest U.S. steelmaker by market value, reported first-quarter earnings that beat analysts’ estimates after U.S. construction began to recover.
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The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry.
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Cliffs Natural Resources Inc., the biggest U.S. iron-ore producer, said it will take a $1 billion writedown for the fourth quarter related to its 2011 acquisition of Consolidated Thompson Iron Mines Ltd.
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Nucor Corp., the largest U.S. steelmaker by market value, forecast fourth-quarter earnings that missed analysts’ estimates after higher imports squeezed margins at its mills.
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Peabody Energy Corp. , the largest U.S. coal producer, said third-quarter profit more than doubled as shipments of the fuel increased.
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U.S. steelmakers may raise output by one-third this year as the economy begins to recover, Nucor Corp. Chief Executive Officer Dan DiMicco said today.
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The Obama administration, vowing to crack down on countries such as China that it says help subsidize exports of cheap goods to the U.S., introduced 14 measures to toughen enforcement of trade laws.
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Cliffs Natural Resources Inc., the largest U.S. iron-ore producer, reported third-quarter results that missed analysts’ estimates as the price of the steelmaking raw-material dropped.
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Cliffs Natural Resources Inc., the largest U.S. iron-ore producer, fell the most in three months after reporting third-quarter results that missed analysts’ estimates as prices declined and costs rose.
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