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January 22, 2013
08:53 EDTX, SCHN, AKS, STLD, ZEUSU.S. Steel and Schnitzer Steel have most risk to downside, says Goldman
Goldman said recent multiple expansion in the Steel sector is unwarranted given weak supply-demand fundamentals. The analyst sees significant downside risk to Sell rated U.S. Steel (X) and Schnitzer Steel (SCHN) as well as Neutral rated AK Steel (AKS), and Steel Dynamics(STLD), and Olympic Steel (ZEUS).
News For X;SCHN;AKS;STLD;ZEUS From The Last 14 Days
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April 16, 2014
18:03 EDTSTLDSteel Dynamics reports Q1 EPS 17c, consensus 16c
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April 15, 2014
12:51 EDTAKSAK Steel boosts stainless steel prices
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April 9, 2014
10:02 EDTXBofA/Merrill's US autos/auto parts analyst has analyst/industry conference call
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07:48 EDTAKS, X, STLD, SCHNBofA/Merrill's steel analysts hold an analyst/industry conference call
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April 7, 2014
16:42 EDTAKSAK Steel announces price increase for hot roll carbon steel
AK Steel said that it will increase the current spot market base price for its hot roll carbon steel to a minimum of $700 per ton, effective immediately with new orders.
April 3, 2014
12:21 EDTSCHNSchnitzer Steel sees emerging market infrastructure spending doubling by 2017
The company expects emerging market infrastructure spending to double from 2012 levels by 2017, which should be a driver for improving long-term demand for scrap and finished steel products. Says beginning to see recovery of West Coast construction market. Says has three major strategic initiatives underway: productivity improvements, accelerating returns on 2013 investments, and expanding the synergies between the metals recycling and auto parts businesses. Comments from company's Q2 earnings conference call.
11:31 EDTSCHNSchnitzer Steel expects demand for steel in emerging markets to continue
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08:34 EDTSCHNSchnitzer Steel sees FY14 tax rate approximately 39%
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08:33 EDTSCHNSchnitzer Steel reports Q2 adjusted EPS 13c, consensus 7c
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07:01 EDTXU.S. Steel names David Britten to newly created position of CTO
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