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Stock Market & Financial Investment News

News Breaks
July 3, 2013
07:05 EDTNUE, STLD, CMC, XKeyBanc would not be short Steel sector short-term following OCTG petition
Yesterday, numerous domestic carbon tube producers filed a petition with the U.S. Department of Commerce and the International Trade Commissions seeking anti-dumping relief of certain oil country tubular goods, or OCTG, from nine countries. KeyBanc said the petition is a broad positive in regards of industry sentiment, especially for Hold rated U.S. Steel, and could result in other carbon-based product producers to seek protectionist measures if the petition is found to cause injury. The analyst remains selective on Carbon Steel names but would not be short the Steel sector short-term given the potential outcomes of the petition.
News For X;STLD;NUE;CMC From The Last 14 Days
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November 24, 2014
12:01 EDTXU.S. Steel announces new headquarters location
United States Steel President and CEO Mario Longhi joined Pittsburgh Penguins President and CEO David Morehouse in announcing that the company will relocate its corporate headquarters to the former Civic Arena site in Pittsburgh's lower Hill District. This announcement assures that the company will help anchor new development in the region while sustaining more than 800 jobs in Pittsburgh at the headquarters location. The announcement of the new headquarters location in Pittsburgh is another step in the company's Carnegie Way transformation journey. To be completed in 2017, the new 250,000 square foot headquarters will promote collaboration and best practices for U. S. Steel employees in the advanced work environment. Additionally, by housing employees from a number of locations under one roof, the new headquarters location will provide significant cost savings for the company.
November 18, 2014
13:28 EDTXIron ore, steel stocks lower after iron ore prices, China home prices decline
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06:34 EDTSTLDSteel Dynamics initiated with an Outperform at BMO Capital
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06:33 EDTXU.S. Steel initiated with a Market Perform at BMO Capital
Target $43.
06:33 EDTNUENucor initiated with a Market Perform at BMO Capital
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