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Stock Market & Financial Investment News

News Breaks
January 30, 2013
07:06 EDTX, CRSCarpenter Technology & U.S. Steel enter into steel development agreement
Carpenter Technology (CRS) has finalized the completion of a formal cooperation agreement with United States Steel (X) which allows for the development of a new “lightweighting” steel for automotive applications. Originally designed for the aerospace industry, the new alloy may help automotive manufacturers meet recently mandated Corporate Average Fuel Requirement standards by lightweighting vehicles through mass reduction.
News For CRS;X From The Last 14 Days
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June 30, 2015
14:34 EDTXIron 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 25, 2015
10:42 EDTXU.S. Steel June weekly calls active
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June 22, 2015
12:33 EDTXSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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June 17, 2015
19:55 EDTXU.S. Steel CEO: 'everything on the table' in trying to save company, WSJ says
U.S. Steel CEO Mario Longhi stated that "everything is on the table," including layoffs and changes to its manufacturing process, in trying to save the company, reports the Wall Street Journal. Reference Link
05:35 EDTCRSCarpenter Technology's Alabama facility approved for aerospace alloy
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