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Stock Market & Financial Investment News

News Breaks
November 27, 2012
19:55 EDTSTLD, NUE, X, MT, CLF, PKXGlobal steel production capacity exceeds orders taken, WSJ reports
Global steel mills have the capacity to produce 1.8B tons of steel annually, but will only take orders for 1.5B tons of steel this year, and it is expected that by 2016 an additional 100 new mills with a total production capacity of 350M tons will be operable, according to a Wall Street Journal report. The report notes that the world's five biggest steel companies control just 18.2% of the world's supply, compared to 50.6% in the auto industry, and that government-backing of many steel mills has made consolidation difficult for steel majors. Reference Link
News For PKX;MT;NUE;CLF;X;STLD From The Last 14 Days
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May 21, 2015
11:16 EDTSTLDSteel Dynamics announces planned paint line and Galvalume capability expansion
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May 20, 2015
16:23 EDTCLFCliffs Natural says Wabush has commenced restructuring proceedings
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May 15, 2015
07:53 EDTMTArclorMittal upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded ArcelorMittal to Buy and established a $13.75 price target. The firm believes a margin recovery is unfolding in European steel driven by steel export declines out of China and potential trade protectionism in Europe.
May 14, 2015
11:10 EDTMTArcelorMittal calls active on sharp rally
ArcelorMittal June and September 12 calls are active on total call volume of 13K contracts (1K puts). June call option implied volatility is at 37, September is at 35; compared to its 90-day average of 36. Active call volume suggests traders taking positions for large near term price movement.
10:53 EDTMTArcelorMittal gaps up bullishly, levels to watch
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May 13, 2015
05:48 EDTXStocks with implied volatility movement; DHR X
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May 12, 2015
12:52 EDTXOptions with increasing call volume and implied volatility
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10:14 EDTXU.S. Steel moves higher, levels to watch
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10:10 EDTXU.S. Steel call activity attributed to takeover speculation
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10:04 EDTXRumor: U.S. Steel strength attributed to takeover speculation
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08:08 EDTXNow is the time to buy U.S. Steel, says Morgan Stanley
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