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Stock Market & Financial Investment News

News Breaks
July 10, 2014
09:25 EDTX, X, TX, TX, STLD, STLD, SID, SID, SCHN, SCHN, RS, RS, NUE, NUE, MTL, MTL, GGB, GGB, CMC, CMC, CLF, CLF, ATI, ATI, AKS, AKSBofA/Merrill steel analysts hold an analyst/industry conference call
Global Steel Analysts review market conditions in Asia, Europe and the U.S. and discuss recent price moves in iron ore, met coal and global steel on an Analyst/Industry conference call. Covered companies AKS, ATI, CLF, CMC, GGB, MTL, NUE, RS, SCHN, SID, STLD, TX and X may be discussed on the Analyst/Industry conference call to be held on July 14 at 10 am.
News For AKS;ATI;CLF;CMC;GGB;MTL;NUE;RS;SCHN;SID;STLD;TX;X From The Last 14 Days
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February 27, 2015
20:39 EDTATIAllegheny Technologies management to meet with Sterne Agee
Field trip to company facility to be held in Irvine, CA on March 4 hosted by Sterne Agee.
February 26, 2015
07:12 EDTATIUBS to hold a conference
Aerospace & Defense, Airlines & Lessors 1:1 Conference is being held in Boston on February 26.
February 23, 2015
13:01 EDTAKSAK Steel to build research and innovation center in Middletown, Ohio
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07:45 EDTSTLDSteel Dynamics remains a Best Idea at Morgan Stanley
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07:40 EDTCLF, NUEBMO Capital to hold a conference
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February 20, 2015
10:01 EDTRSOn The Fly: Analyst Upgrade Summary
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07:51 EDTRSReliance Steel has reached attractive entry point, says Wells Fargo
After Reliance Steel reported results that Wells Fargo views as disappointing, the firm nonetheless says that the shares are "too cheap to ignore." The firm thinks the stock has reached an attractive entry point for long-term investors, and it keeps an Outperform rating on the shares.
07:05 EDTRSReliance Steel upgraded at KeyBanc
As previously reported, KeyBanc upgraded Reliance Steel to Buy from Hold. Following yesterday's earnings report, the firm believes Reliance is near a trough in the earnings cycle, has compelling free-cash-flow to support accretive capital deployments, and has one of the strongest managements in the industry. Price target is $66.
06:02 EDTRSReliance Steel upgraded to Buy from Hold at KeyBanc
February 19, 2015
08:55 EDTRSReliance Steel sees Q1 adjusted EPS $1.00-$1.10, consensus $1.32
Reliance expects the U.S. economy to continue to improve throughout 2015. Despite current pressure on the portion of Reliance's business directly servicing the energy market, estimated at about 8% to 10% of total sales, lower fuel prices and energy costs are expected to drive improvement in overall U.S. demand. The historically high levels of metal being imported into the U.S. are expected to continue given the strong U.S. dollar and weaker economies in other parts of the world, which will continue to put downward pressure on steel prices. Due to normal seasonal trends, as well as the improving demand environment, Reliance expects higher tons sold in Q1 vs. 4Q14, but lower average selling prices and margins.
08:52 EDTRSReliance Steel reports Q4 EPS $1.18, consensus $1.06
Reports Q4 revenue $2.58B, consensus $2.60B.
February 18, 2015
09:29 EDTMTLMechel reports disposal of Mechel Bluestone
Mechel has closed a deal on the disposal of Mechel Bluestone, including its mining operations, to a company owned by the Justice family. The deal includes: an immediate cash payment of $5M royalty payments on coal mined and sold in an amount of $3.00 per ton portion of any future sale of the company and/or its assets of 12.5% of the sale price if within five years of transaction close or 10% of the sale price after year five, but before year ten. In addition, as part of the transaction, the parties agreed to terminate all claims against each other, including their unresolved dispute related to the calculation of a contingent payment obligation arising out of the 2009 transaction in which Mechel obtained the Bluestone assets from Justice.
07:17 EDTCLFCliffs Natural finalizes energy agreement with We Energies in U.P. of Michigan
Cliffs Natural (CLF) has finalized an interim power agreement with Wisconsin Energy's (WEC) utility energy segment We Energies for its Michigan operations. The company stated that this is "one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula".

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