New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 22, 2014
07:01 EDTX, STLD, NUE, RS, AKSSteel price outlook raised at UBS
UBS said trade duties have helped curb the market from cheap foreign steel and strong demand has allowed U.S. mills to increase margins. The firm expects further trade action and believes cold rolled and coated sheet products could be next, delaying downward pressure on steel prices. The firm now expects steady steel prices in 2014, a slight weakening through 2015/16 and strengthening in 2017. As a result, the firm raised its scrap price forecast and increased earnings estimates for mini-mills and raised the price target for Buy rated Nucor's (NUE) to $59 from $56, cut Reliance's (RS) to $73 from $75, raised Neutral rated U.S. Steel's (X) to $38 from $28 and Steel Steel Dynamics's (STLD) to $25 from $23, and upgraded AK Steel (AKS) to Neutral from Sell and increased its price target to $11 from $6.
News For AKS;NUE;X;RS;STLD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 24, 2014
12:01 EDTXU.S. Steel announces new headquarters location
United States Steel President and CEO Mario Longhi joined Pittsburgh Penguins President and CEO David Morehouse in announcing that the company will relocate its corporate headquarters to the former Civic Arena site in Pittsburgh's lower Hill District. This announcement assures that the company will help anchor new development in the region while sustaining more than 800 jobs in Pittsburgh at the headquarters location. The announcement of the new headquarters location in Pittsburgh is another step in the company's Carnegie Way transformation journey. To be completed in 2017, the new 250,000 square foot headquarters will promote collaboration and best practices for U. S. Steel employees in the advanced work environment. Additionally, by housing employees from a number of locations under one roof, the new headquarters location will provide significant cost savings for the company.
November 19, 2014
07:13 EDTRSGoldman to hold a conference
Annual Global Metals & Mining Conference is being held in New York on November 19-20.
November 18, 2014
13:28 EDTAKS, XIron ore, steel stocks lower after iron ore prices, China home prices decline
Subscribe for More Information
09:56 EDTAKSOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:34 EDTSTLDSteel Dynamics initiated with an Outperform at BMO Capital
Subscribe for More Information
06:33 EDTXU.S. Steel initiated with a Market Perform at BMO Capital
Target $43.
06:33 EDTNUENucor initiated with a Market Perform at BMO Capital
Subscribe for More Information
06:33 EDTAKSAK Steel initiated with a Market Perform at BMO Capital
Target $7.
November 12, 2014
07:46 EDTRSCowen to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use