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News Breaks | | | | June 20, 2012 | | 07:11 EDT |  | MT, X, PKX | Steel industry faces gloomy outlook, WSJ reports
The steel industry faces its worst prospects in four years, with prices and demand falling, and as industry executives call for cost cuts and to close unprofitable mills. The outlook is mostly due to the European crisis and slowing construction in China, reports the Wall Street Journal. Reference Link | |
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News For MT;X;PKX From The Last 14 Days Check below for free stories on MT;X;PKX the last two weeks. |
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| May 24, 2013 | | 09:35 EDT |  | MT, X | Steel price increase unlikely to stick, says Credit Suisse
After steel companies AK Steel (AKS), US Steel (X) and ArcelorMittal (MT) announced price increases, Credit Suisse thinks the full price hike is unlikely to stick. The firm believes that the sector's fundamentals suggest that steel stocks are likely to remain range bound this summer. However, the firm predicts that stronger demand trends are likely to drive steel stocks higher in the early fall. | | | May 13, 2013 | | 08:26 EDT | | MT | ArcelorMittal calls for protection from Chinese competition, FT says
The chairman of ArcelorMittal, Lakshmi Mittal, has urged Europe to consider applying higher tariffs on imports of Chinese-produced steel, or for a surcharge on imported steel from "countries where environmental standards are very low,” according to Financial Times. Reference Link | |
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