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Stock Market & Financial Investment News

News Breaks
February 19, 2014
08:24 EDTNWPX, X, STLD, AKSU.S. Steel disappointed Korea escapes pipe-dumping duties, Tribune-Review says
The Department of Commerce did not impose anti-dumping duties on oil and natural gas pipe products from South Korea in a trade case filed by U.S. Steel (X) and other producers, reported The Pittsburgh Tribune-Review. Commerce's preliminary decision imposes high duties only on India, and small levies on other nations, though Korea is the largest exporter among nine nations targeted. A U.S. Steel spokeswoman said, “We are disappointed by the preliminary determinations at the Department of Commerce and by its failure to deal with important issues at this stage of the investigations. Having said that, the determinations do confirm the existence of large-scale dumping in this market — something that has caused extensive injury to the domestic industry. When all of the facts come to light, we are confident that we will prevail with respect to all countries and exporters in the final determinations.” Shares of Northwest Pipe (NWPX), which manufacturers high-pressure steel pipeline systems, are down 1.25% in pre-market trading, while shares of U.S. Steel are down 3.9% and AK Steel (AKS) shares are down 1.5%. Another U.S. steelmaker is Steel Dynamics (STLD).
News For X;AKS;STLD;NWPX From The Last 14 Days
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April 30, 2015
16:53 EDTAKSAK Steel announces price increase for carbon steel products
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April 29, 2015
10:00 EDTAKSOn The Fly: Analyst Upgrade Summary
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07:33 EDTAKSAK Steel upgraded to Neutral from Underperform at Credit Suisse
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06:48 EDTAKSAK Steel removed frm the short-term buy list at Deutsche Bank
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April 28, 2015
19:10 EDTXOn The Fly: After Hours Movers
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16:37 EDTXU.S. Steel falls after earnings miss, levels to watch
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16:36 EDTXU.S. Steel sees FY15 adjusted EBIT $115M-$315M
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16:34 EDTXU.S. Steel reports Q1 adjusted EPS (7c), consensus 12c
Reports Q1 revenue $3.27B, consensus $3.43B.
15:06 EDTXNotable companies reporting after market close
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08:34 EDTAKSAK Steel expects to provide guidance in June for Q2 results
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08:33 EDTAKSAK Steel concluded that 49.9% interest in Magnetation is impaired
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08:33 EDTAKSAK Steel says carbon steel spot market selling prices declined throughout Q1
The lower carbon steel spot market selling prices, combined with the higher proportion of hot-rolled coil shipments in the overall sales mix following the Dearborn acquisition, resulted in the company's average selling price for the first quarter of 2015 decreasing 9% compared to the first quarter of 2014.
08:32 EDTAKSAK Steel reports Q1 shpiments of 1.75M tons
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08:32 EDTAKSAK Steel reports Q1 adjusted EPS (28c), consensus (25c)
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08:27 EDTX U.S. Steel May weekly volatility elevated into Q1 and outlook
U.S. Steel May weekly call option implied volatility is at 96, May is at 57, June is at 46, July is at 45; compared to its 26-week average of 48 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 29.
April 27, 2015
15:04 EDTAKSNotable companies reporting before tomorrow's open
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April 21, 2015
16:54 EDTNWPXNorthwest Pipe curtails Kansas facility, sees $500,000 in one-time costs
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April 20, 2015
18:04 EDTSTLDSteel Dynamics sees Q2 being 'transitional'
Mark Millett, CEO of Steel Dynamics stated, "As the expected reduction in steel import volume and sustained lower scrap costs occur, we anticipate improved results in Q2, and throughout the remainder of the year. We believe Q2 will be transitional, and the timing of recovery may be later in the quarter than originally anticipated, as imports have not declined as quickly as originally anticipated, but we are seeing positive signs. While we continue to strengthen our financial position through strong cash flow generation, and execute our long-term strategy, we are well-positioned to grow. Customer focus, coupled with our market diversification and low-cost operating platforms, support our ability to maintain our best-in-class performance. We believe we are poised to capitalize on meaningful growth opportunities, both near-term and in the future, that will benefit our customers, shareholders, employees and communities."
18:02 EDTSTLDSteel Dynamics reports Q1 adjusted EPS 17c, consensus 15c
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15:37 EDTSTLDNotable companies reporting after market close
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