MOSCOW, April 27- Russian steelmaker Severstal said on Monday its chief executive, Alexey Mordashov, would step down from his position and seek election as chairman of the company's board of directors. Mordashov, who joined Severstal 27 years ago and is estimated by Forbes to have a net worth of $13 billion, said he was stepping down to focus on other business...» Read More
Ephrem Ravi, Head of Metals & Mining Sector, Asia Ex-Japan Equity Research at Barclays Capital says there is over-capacity in the steel industry, though value investors may find bargains in some steel stocks.
Edward Meng, CFO of China Gerui Advanced Materials Group says the company is seeing very strong demand despite the slowdown in China because the firm makes make high quality, specialty steel.
Seasonal uptick in steel stocks makes it worth looking at for December, Fast Money pros say.
The following are some of the mid-day’s biggest movers. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Nucor Corp. is one of the largest steel producers in the US, and pays a healthy four percent yield, says Mad Money's Jim Cramer. Discussing what's ahead for the steelmaker, with Dan DiMicco, Nucor CEO.
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We pulled together a list of Jim Cramer's favorite dividend plays. Read on and pick one or two for your portfolio.
In this market, you need names that pay dividends, Cramer says, and this stock is one on his buy list.
Nucor Corporation is a best of breed steel maker with a juicy dividend, says Mad Money's Cramer. This is a classic cyclical stock that's paying investors to wait for things to get better, and it belongs in your portfolio.
The Fast Money traders weigh in on AK Steel's downgrade, and Deborah Weinswig, Citigroup provides insight on the retail sector.
Dan DiMicco gives Cramer his 3-point plan for creating jobs in the U.S.
A look at Nucor's solid quarter, with Mad Money host Jim Cramer. Dan DiMicco, CEO of Nucor, weighs in.
China is underreporting the amount of steel it makes by about 40 million metric tons a year – roughly the amount made by Germany – according to a new analysis that provides insights into the recent high prices for the main raw material used by the world steel industry. The FT reports.
The "Mad Money" host reveals which companies' earnings reports are important to monitor.
A funny thing happened on the road to globalization. It became a two-way street, not a one-way trade superhighway for the developed economies.
For many dads, the greatest Father's Day gift imaginable is the sight of a son or daughter working beside him in the family business. Here are some CEO dads whose kids hold executive positions in their companies.
Stocks closed near session-lows Friday with the Dow falling below the 12,000-mark to finish lower for the sixth-consecutive week amid further signs of a global economic slowdown.
Aditya Mittal has taken charge of ArcelorMittal’s biggest and most problematic unit in a move seen by analysts as paving the way for him to eventually succeed his father, Lakshmi, as chief executive of the world’s biggest steelmaker. The FT reports.
But the technology giant is also facing some troubles, too. The "Mad Money" host explains.
Citigroup shares fell after its reverse stock split, leading options trader Jon Najarian to look at whether reverse stock splits have ever worked.