LONDON, March 30- Nickel hit its lowest in nearly six years on Monday, as faltering demand for stainless steel and worries that a new tax in Malaysia might push metal into the market dented sentiment. In Malaysia, which stores almost half of the LME's nickel inventories at around 210,000 tonnes, a new government tax may force owners to sell metal rather than bear the...» Read More
Steelmaker ArcelorMittal raised a bigger-than-expected $4 billion in a share and convertible notes offering, it said on Thursday, to fix its debt-laden balance sheet.
Goldman upgrades Dell to buy from sell. The FMHR traders discuss. Meanwhile Dick Grasso, Stuart Financial, says he expects steel to run up again before the year's end.
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.
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.”
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.
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.
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.
India's Tata Steel, the world's No.7 steelmaker, posted an unexpected quarterly loss, its first in more than two years, as higher raw material costs and weak demand in Europe hurt margins.
China’s steelmakers will see a rebound this year thanks to weakening iron ore prices and potential policy easing in the property sector, Helen Lau, senior analyst metals and mining at UOB Kay Hian in Hong Kong, told CNBC on Wednesday.
China's steelmakers have racked up $400 billion in debt, which some may struggle to repay, making them a potential drag on a banking sector already facing rising bad loans from the property sector and local governments.
America’s infrastructure can and should be built with American steel. That is why current Buy America provisions are so important, and why efforts to circumvent these provisions, such as California used in the Bay Bridge project, need to be stopped.
The coming of the next “big one” led to the use of Chinese steel in the rebuilding of a national icon - one of the busiest bridges in the world: The San Francisco-Oakland Bay Bridge. Looming natural disasters, willful neglect and infirmity of America’s infrastructure demand our rebuilding. Reconstruction, however, is going to require Sino steel.
The FMHR traders break down today's headlines: the major indices are positive, the consumer sentiment, and jobless claims. Also, sharing perspective on JNPR, with Brian Marshall, ISI Group analyst.
Shares of Schnitzer Steel are getting slammed today after the company reported they expect Q1 results to be lower than outlook. Also, gold is hurting to hold onto early gains and US homebuilders confidence rose for the third consecutive month today. CNBC's Fast Money traders and Dan Dicker, Merblock president weigh in.
The main topic of discussion this morning was Mario Draghi's interview in the Financial Times, where he warned that any country trying to leave the euro zone would still face austerity measures and would be "in a much weaker position." He reiterated no increase in the current bond buying program, and no printing money.
The “Mad Money” host answers his “Mad Mail and reports back on some viewer questions from earlier in the week.