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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:32 EDTXU.S. Steel to idle two tubular facilities, says dumping a factor
United States Steel announced it will indefinitely idle two tubular manufacturing facilities in McKeesport, Pa., and Bellville, Texas, in early August, impacting approximately 260 employees as a result of business conditions which are influenced by unfairly traded tubular products imported into the United States. The indefinite idling of these loss-making operations will reduce the number of U. S. Steel's tubular facilities from 10 to eight, but will enable the company to operate more profitably as it repositions to meet future customer demand, the company said. Approximately 45 professional and management employees and 215 represented employees were advised of the upcoming idling and resulting job reductions and are being issued notices under the Worker Adjustment and Retraining Notification Act. U. S. Steel President and CEO Mario Longhi stated, "We will continue to fight unfair trade by foreign competitors who are creating a detrimental impact and threat to middle-class paying manufacturing jobs." U. S. Steel, along with other domestic producers, has filed an anti-dumping action with the U.S. Department of Commerce to halt the unfair trading and dumping of foreign Oil Country Tubular Goods into the American market, it noted.
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July 14, 2014
11:16 EDTXWTO finds U.S. violates trade rules with tariffs on Chinese steel, solar panels
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July 11, 2014
16:50 EDTXU.S. Steel CEO applauds positive decision from U.S. on OCTG trade case
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15:59 EDTXOptions Update; July 11, 2014
iPath S&P 500 VIX Short-Term Futures down 33c to 28.25. Option volume leaders: AAPL C GILD X FB GOOG AMZN TWTR TSLA according to Track Data.
15:48 EDTXU.S. Steel calls active on wide price movement
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15:42 EDTXU.S. Steel, AK Steel, Tenaris jump after U.S. decision on steel-tube duties
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15:40 EDTXCommerce sets up to 15.75% dumping margins on South Korean steel-tube
Reported by Bloomberg.
July 10, 2014
16:00 EDTXOptions Update; July 10, 2014
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08:35 EDTXBofA/Merrill steel analysts hold an analyst/industry conference call
Global Steel Analysts review market conditions in Asia, Europe and the U.S. and discuss recent price moves in iron ore, met coal and global steel on an Analyst/Industry conference call. Covered companies AKS, ATI, CLF, CMC, GGB, MTL, NUE, RS, SCHN, SID, STLD, TX and X may be discussed on the Analyst/Industry conference call to be held on July 14 at 10 am.

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