American Iron And Steel Institute News
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U.S. Steel Corp., the country’s largest producer of the metal by volume, reported first-quarter earnings that exceeded analysts’ estimates after falling natural-gas prices lowered costs at blast furnaces.
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U.S. Steel Corp., the nation’s biggest producer of the metal by volume, is making a comeback in debt markets as vehicle sales recover, fueling a surge in its bond prices from a record low.
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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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Nucor Corp., the largest U.S. steelmaker by market value, posted third-quarter earnings and sales that beat analysts’ estimates after it shipped more metal to customers.
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U.S. demand for steel in construction won’t recover to the level seen before the country slipped into recession until about the middle of the decade, Nucor Corp. Chief Executive Officer Dan DiMicco said.
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Arch Coal Inc., the second-largest U.S. coal producer, reported a first-quarter loss of $1.8 million on a charge related to its Jacobs Ranch acquisition, and boosted its sales forecast for the year.
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Falling steel prices may be a more telling gauge of the global economy’s prospects than gains in other industrial metals, according to Dhaval Joshi, chief strategist at RAB Capital Plc.
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U.S. spot metallurgical coal prices were mixed amid hesitant domestic buyers of the fuel and signs of higher export demand, according to Energy Publishing Inc.
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