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Stock Market & Financial Investment News

News Breaks
October 1, 2013
11:06 EDTAKSAK Steel raises prices for carbon flat-rolled steel products
AK Steel said that it has increased current spot market base prices for all carbon flat-rolled steel products. Effective immediately, the company will be quoting the following minimum base prices for new orders: Hot Rolled: $680 per ton; Cold Rolled: $790 per ton; Hot Dipped Galvanized: $810 per ton.
News For AKS From The Last 14 Days
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June 30, 2015
14:34 EDTAKSIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
June 22, 2015
12:33 EDTAKSSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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