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February 19, 2014
08:24 EDTAKS, NWPX, X, STLDU.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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October 1, 2015
09:57 EDTXU.S. Steel price target cut to $8 on tubular weakness at BofA/Merrill
BofA/Merrill said recent industry data indicates energy tubulars reaffirms its stance that oversupply and bloated inventory combined with weak rig counts will persist through 2016. The firm cut U.S. Steel's 2016 tubular forecast to to marginally above breakeven and expects realized sheet selling prices to have a severe drop in 2016 due to repricing of annual contracts. BofA/Merrill lowered its price target to $8 from $11 and reiterated its Underperform rating on shares.
September 30, 2015
10:00 EDTAKS, X, STLDBofa/Merrill global metals/mining analysts hold analyst/industry conference call
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September 25, 2015
05:39 EDTXU.S. Steel implied volatility of 79 at upper end of index mean range
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September 24, 2015
17:13 EDTAKSAK Steel says anti-dumping cases to proceed following ITC ruling
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12:08 EDTNWPXNorthwest Pipe management to meet with Jefferies
Meetings to be held in Chicago/Milwaukee on September 30-October 1 hosted by Jefferies.
05:28 EDTXU.S. Steel implied volatility of 79 at upper end of index mean range
September 23, 2015
10:45 EDTXU.S. Steel volatility elevated on wide price movement
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09:55 EDTXActive calls on open: BIIB FCX X F INTC
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05:20 EDTXStocks with implied volatility movement; X SPLS
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September 22, 2015
16:00 EDTXOptions Update; September 22, 2015
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11:29 EDTXU.S. Steel January 2017 puts active
U.S. Steel January 2017 8 and 13 puts are active on total put volume of 132K contracts 7K calls. October put option implied volatility is at 74, November is at 76, January is at 71, January 2017 is at 65; compared to its 52-week range of 38 to 79. Active put volume suggests traders taking positions for downside price movement.
September 21, 2015
05:36 EDTSTLDSteel Dynamics to host investor day
Investor day to be held on September 23 at 9:30 am. Webcast Link

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