Michelle Applebaum News
-
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.
-
Nucor Corp. , the largest U.S. steelmaker, reported third-quarter profit that trailed analysts’ estimates because of lower-than-expected selling prices. The company said the current quarter may be more challenging.
-
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.
-
Nucor Corp. , the largest U.S. steelmaker, reported its third consecutive quarterly profit as higher metal prices and increased demand boosted sales.
-
U.S. Steel Corp., the country’s largest producer by volume, forecast first-quarter earnings that were worse than analysts’ estimates as it sees higher scrap prices and operating costs.
-
U.S. Commerce Secretary Gary Locke was leaving a ceremony in Shanghai this week when May Wang cornered him to get his autograph on a decade-old photo of the two of them with Locke’s wife, Mona.
-
Nucor Corp., the largest U.S. steelmaker by market value, said Chief Operating Officer John J. Ferriola will take over from Daniel R. DiMicco as chief executive officer on Jan. 1.
-
U.S. Steel Corp. , the country’s largest producer of the metal, rose the most in four weeks and bullish option trading jumped to a record on speculation that ArcelorMittal may be looking to purchase the company.
-
Michelle Applebaum , managing partner at Chicago-based Steel Market Intelligence, comments on the Chinese and Asian market for the metal in an e-mailed note yesterday.
-
U.S. Steel Corp. , Nucor Corp. , Steel Dynamics Inc. and AK Steel Holding Corp. are at “attractive” prices and the stocks may rise if demand in China increases and the global economy avoids another slowdown, Barron’s reported.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page