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Stock Market & Financial Investment News

News Breaks
December 3, 2012
09:02 EDTXU.S. Steel Tubular Products and Butch Gilliam announce joint venture
U. S. Steel Tubular Products, a subsidiary of U.S. Steel, and Butch Gilliam Enterprises announce the signing of a definitive agreement to form a joint venture to provide tubular services to the energy industry in the Permian Basin. The joint venture, Patriot Premium Threading Services, has operations located in the heart of the Permian Basin in Midland. 
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June 30, 2015
14:34 EDTXIron 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 25, 2015
10:42 EDTXU.S. Steel June weekly calls active
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June 22, 2015
12:33 EDTXSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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