HELSINKI, July 24- Finnish stainless steel maker Outokumpu on Thursday reported a smaller-than-expected underlying loss in the second quarter, helped by cost-cuts, but forecast a slighty bigger loss for the third quarter. Outokumpu trimmed its underlying operating loss to 6 million euros from 87 million euros in the same quarter a year earlier.» Read More
The Fast Money traders discuss whether a breakup is brewing for Timken; and CNBC's Jane Wells rounds up the latest action on the West Coast.
Prior to Oracle's earnings report yesterday, one trader bought 20,307 Oct. 32-strike puts for $0.79 and sold the same number of the Jan. 34-strike calls for $0.98.
Nick Trevethan, Senior Commodities Strategist, ANZ Research is bullish on gold & silver in the face of event risks. He expects prices to strengthen ahead as central banks offer easing support.
Slumping iron prices are set for a sharp rise in the medium-to-long term, Severstal Head of Strategy Thomas Veraszto told CNBC’s “Worldwide Exchange” on Monday.
Stephen Hogan, Senior Advisor at Novus Capital says BlueScope Steel's joint venture with Nippon Steel isn't a big enough driver for him to recommend investors buy into the company.
Paul O'Malley, CEO of BlueScope Steel discusses the outlook for the steel maker, and how it is turning around the business in continued tough operating conditions.
"I think there definitely remains a challenge in the steel industry, structurally there is over supply and there are certainly questions about the demand side of things, whether demand has actually worsened, well I think we have seen it weaken in the second quarter," Jeff Largey, head of metals and mining research at Macquarie Group, told CNBC.
Ivan Szpakowski, Metals Analyst at Credit Suisse says the big drop in Chinese steel prices recently is due slowing growth. The capacity is now more over pronounced because of lesser demand for steel.
The FMHR traders reveal their top three trades and Brian Yu, analyst at Citi, discusses whether coal and steel stocks can make a comeback.
Warren Gilman, Chairman & CEO, CEF Holdings says that even though China isn't seeing a hard landing, it is slowing faster than authorities in Beijing had anticipated.
Officials in California fell victim to a mindset that says China is automatically cheaper, says one analyst. “We shot ourselves in the foot,” she says. “We never even took seriously the domestic bid.”
Andrew Dale, Head of Resources Research, Asia, Macquarie Securities, shares his strategy for investing in China's cement and steel sector following a state media report that the world's second biggest economy would fast-track infrastructure spending to boost growth.
Mike Harrowell, Senior Resources Analyst, BBY says while the U.S. economy is recovering quite nicely, the absence of further stimulus could be problematic for the commodities market.
Construction is starting to show signs of life and Sam Dubinsky, Wells Fargo senior analyst, suggests looking for a steel recovery in 2013.
As China’s construction boom slows, steel mills across the country are scrambling to find ways to bolster profits, and one has hit on an unusual strategy: raising pigs. The FT reports.
China has deliberately tried to slow things down over the last 12 months in order to get inflation under control, says Brian Jackson, RBC Hong Kong senior emerging markets strategist.
Why Richard Garchitorena, Credit Suisse, lowered his estimates on AK Steel and can that near-term weakness really be a buying opportunity.
Indonesian Trade Minister Gita Wirjawan told CNBC on Tuesday that Southeast Asia's largest economy was not adopting protectionist policies and was only following in the footsteps of other developed countries.
China's coking coal imports can rise even as steel demand slows, says Andrew Driscoll, Head of Resources Research at CLSA.
BlueScope Steel, Australia's largest steelmaker, posted a net loss before restructuring charges in line with market forecasts as it overhauled its Australian business, and slashed hefty debt levels and said its second-half loss should be smaller.