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Stock Market & Financial Investment News

News Breaks
January 28, 2013
06:25 EDTRS, CMC, AKS, WOR, STLD, X, MUSA, NUE, CENXU.S. Steel Sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the U.S. Steel sector due recent share strength and an oversupplied steel market. As part of the sector change the firm downgraded AK Steel (AKS) and Century Aluminum (CENX) to Sell from Neutral.
News For AKS;CENX;X;CMC;NUE;STLD;RS;MUSA;WOR From The Last 14 Days
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April 23, 2015
09:06 EDTNUENucor continues to see improving demand in Automotive in nonresidential markets
Automotive markets remain strong and we continue to see improving demand in nonresidential construction markets. Conditions remain challenging in energy markets, in which the collapse in oil prices and continued high levels of imported oil country tubular goods products has caused an inventory glut in the pipe and tube sector. Nucor says it cannot determine when these conditions will improve, but once energy market steel inventories are rebalanced we expect overall steel demand to meet or exceed levels seen in 2014.
09:05 EDTNUENucor says operating performance at steel mills segment decreased significantly
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09:04 EDTNUENucor reports Q1 average sales price per ton down 5%
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09:04 EDTNUENucor reports Q1 EPS 21c, consensus 15c
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08:59 EDTRSReliance Steel expects customer demand to continue improving through 2015
Reliance Steel stated that, with the exception of the energy market, it experienced steadily improving customer demand across most of its end markets during Q1, which is expected to continue as the year progresses. Automotive demand, supported mainly by the company's toll processing operations in the U.S. and Mexico, is expected to continue strong at current production rates throughout 2015. The increase in aluminum usage in the automotive industry continues to represent a growth area for Reliance. Aerospace demand continued to improve during Q1 and is expected to continue to grow as 2015 progresses and as "build" rates increase. Heavy industry continues to perform reasonably well. Agricultural and construction equipment have declined but Reliance remains active in these markets. Non-residential construction continues to improve, but remains well below peak levels. Reliance believes that this important end-market will continue to improve throughout 2015. Energy - oil and gas - demand for the products Reliance sells has declined due to the severe drop in oil prices and is expected to remain under pressure throughout 2015.
08:56 EDTRSReliance Steel sees Q2 EPS $1.02-$1.15, consensus $1.10
Reliance expects a modest increase in tons sold in Q2 over Q1, but expects downward pricing will negatively impact average selling prices and margins.
08:54 EDTRSReliance Steel reports Q1 EPS $1.30, consensus $1.02
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April 22, 2015
15:50 EDTNUENotable companies reporting before tomorrow's open
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April 20, 2015
18:04 EDTSTLDSteel Dynamics sees Q2 being 'transitional'
Mark Millett, CEO of Steel Dynamics stated, "As the expected reduction in steel import volume and sustained lower scrap costs occur, we anticipate improved results in Q2, and throughout the remainder of the year. We believe Q2 will be transitional, and the timing of recovery may be later in the quarter than originally anticipated, as imports have not declined as quickly as originally anticipated, but we are seeing positive signs. While we continue to strengthen our financial position through strong cash flow generation, and execute our long-term strategy, we are well-positioned to grow. Customer focus, coupled with our market diversification and low-cost operating platforms, support our ability to maintain our best-in-class performance. We believe we are poised to capitalize on meaningful growth opportunities, both near-term and in the future, that will benefit our customers, shareholders, employees and communities."
18:02 EDTSTLDSteel Dynamics reports Q1 adjusted EPS 17c, consensus 15c
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15:37 EDTSTLDNotable companies reporting after market close
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April 15, 2015
15:25 EDTXU.S. Steel makes management changes at European and North American operations
U.S. Steel announced two management changes at its European and North American operating facilities. Scott Buckiso has been named vice president European Solutions and president U. S. Steel Kosice, succeeding George Babcoke, who has elected to retire following 39 years of service with the company. Amy Smith-Yoder will succeed Buckiso as general manager Mon Valley Works. The changes are effective May 31. In his new role, Buckiso will assume executive responsibility for the company's operations in the Slovak Republic.
11:33 EDTAKSAK Steel announces the retirement of Chief Legal and Administrative Officer
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10:46 EDTX, STLD, RS, AKS, CMC, NUEBofA/Merrill metals/mining/steel analysts hold analyst/industry conference call
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10:36 EDTXBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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09:17 EDTXU.S. Steel makes management changes at European and North American operations
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April 14, 2015
14:44 EDTCMCCommercial Metals management to meet with Jefferies
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10:01 EDTRSOn The Fly: Analyst Downgrade Summary
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07:52 EDTRSReliance Steel downgraded at KeyBanc
As previously reported, KeyBanc downgraded Reliance Steel to Sector Weight from Overweight. The firm downgraded shares to reflected continued weakness in domestic steel prices. KeyBanc still expects a pricing inflection in Q2 but from a lower base and a more subdued rebound.
07:32 EDTRSReliance Steel downgraded to Sector Weight from Overweight at KeyBanc
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