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Stock Market & Financial Investment News

News Breaks
March 26, 2014
06:22 EDTSTLD, X, AKS, MTU.S. steelmakers push for punitive duties on South Korean rivals, WSJ reports
U.S. steelmakers are pushing lawmakers to punish South Korean competitors for selling lucrative steel products at "unfair" prices, reports the Wall Street Journal. The U.S. companies say the current lack of punitive duties on the South Korean firms is hurting them and are asking the Obama administration to take a closer look at potential dumping by the country before the Commerce Department issues a final ruling on July 14. Reference Link
News For X;MT;AKS;STLD From The Last 14 Days
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July 2, 2015
06:13 EDTMTArcelorMittal to cut 2,800 jobs in Mexico, Reuters reports
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June 30, 2015
14:34 EDTX, AKSIron 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 26, 2015
10:04 EDTMT:High option volume stocks
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09:36 EDTMTActive equity options trading on open
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June 25, 2015
10:42 EDTXU.S. Steel June weekly calls active
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June 22, 2015
12:33 EDTX, STLD, AKSSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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07:32 EDTSTLDSteel Dynamics sees Q2 steel ops profitability to be similar to Q1
Improved second quarter 2015 shipments will be offset by unexpected metal margin compression, driven by steel imports remaining much higher than originally anticipated, resulting in average quarterly steel prices decreasing more than average quarterly scrap prices. The benefit of reduced scrap pricing was realized in the second quarter; but, the continued flood of steel imports thus far in 2015 continued to pressure steel product pricing to a greater degree. However, steel pricing has recently begun to stabilize and domestic steel demand remains solid. Continued demand for the company's fabricated steel joist and decking products indicates the non-residential construction market is continuing a positive trend. Second quarter 2015 profitability from the company's fabrication operations is expected to be higher than near-record sequential first quarter 2015 results. Metals recycling financial results are also expected to be higher for the second quarter 2015, compared to the sequential first quarter, based on both increased shipments and metal margin, as pricing volatility subsided.
07:31 EDTSTLDSteel Dynamics sees Q2 adjusted EPS 20c-24c, consensus 24c
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