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Nucor Corp

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  • *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec at a cost of $600 million to $700 million as it struggles to find investment to expand the project. Analysts said the cost of shutting down Bloom Lake, which Cliffs expects to recognize over five years, was a major concern for...

  • UPDATE 2-Cliffs may close Bloom Lake iron ore mine Wednesday, 19 Nov 2014 | 8:37 AM ET

    *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec, weeks after it revealed that three "big steelmakers" were in talks to invest in the project. "Despite the continued interest of the prospective equity partners in Bloom Lake... the potential investment is not achievable within a time...

  • Nov 19- Cliffs Natural Resources Inc said it was looking to exit its Eastern Canadian iron ore operations, which may result in the closure of its Bloom Lake mine in Quebec. "Despite the continued interest of the prospective equity partners in Bloom Lake... the potential investment is not achievable within a time frame acceptable to Cliffs," Chief Executive Lourenco...

  • Miss. could be site for $1.2 billion aluminum mill Monday, 17 Nov 2014 | 7:22 PM ET

    JACKSON, Miss.— Mississippi appears to be the favored location for a proposed $1.2 billion aluminum mill that would hire 650 or more workers to supply aluminum for auto bodies. The company won't say what locations it's considering, but has filed for environmental permits at a site near Golden Triangle Regional Airport, just west of Columbus in Lowndes County.

  • TOKYO/ SINGAPORE, Oct 29- China has boosted exports of steel qualifying for a generous tax exemption to some Asian countries, triggering accusations that mills in the world's biggest producer are taking advantage of the rebate to sell surplus steel cheaply. The steel in question contains boron, an element that can harden steel for uses ranging from...

  • TOKYO/ SINGAPORE, Oct 29- China has boosted exports of steel qualifying for a generous tax exemption to some Asian countries, triggering accusations that mills in the world's biggest producer are taking advantage of the rebate to sell surplus steel cheaply. The steel in question contains boron, an element that can harden steel for uses ranging from...

  • Oct 23- Nucor Corp, the No. 1 U.S. steelmaker, posted a higher quarterly profit on Thursday as the growing U.S. economy fueled demand for its products from the auto, construction, and oil and gas industries. Analysts on average expected Nucor to post a profit of 74 cents a share on sales of $5.4 billion, according to Thomson Reuters I/B/E/S. In early trading on the New York...

  • WASHINGTON, Oct 21- The U.S. Department of Commerce will terminate a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities. Duties will apply beginning Dec. 16, according to the letter from Ronald K. Lorentzen, the Commerce Department's deputy assistant secretary for enforcement and...

  • WASHINGTON, Oct 14- The U.S. International Trade Commission said on Tuesday that imports of steel reinforcing bar from Mexico and Turkey put U.S. producers at risk, clearing the way for import duties on the goods. ITC commissioners voted unanimously in favor of the complaint brought by Nucor Corp, Byer Steel, Cascade Steel, Commercial Metals Co and Gerdau Long...

  • WASHINGTON, Oct 14- The U.S. International Trade Commission said on Tuesday imports of steel reinforcing bar from Mexico and Turkey put U.S. producers at risk, clearing the way for import duties on the goods. ITC commissioners voted unanimously in favor of the complaint brought by Nucor Corp, Byer Steel, Cascade Steel, Commercial Metals Co and Gerdau Long Products...

  • Steel companies finally getting control of costs Tuesday, 30 Sep 2014 | 1:50 PM ET

    Steel companies are finally getting their arms around the need to deleverage, consolidate and restructure.

  • Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.

  • Midday movers: DuPont, Kellogg, Lennar, Nike & more Wednesday, 17 Sep 2014 | 12:53 PM ET

    Some of Wednesday's midday movers:

  • US STOCKS-Materials sector moves higher on DuPont, Nucor Wednesday, 17 Sep 2014 | 11:55 AM ET

    trading higher on Wednesday as the best performing of the 10 major S&P sectors heading into the midpoint of the session, led by gains in DuPont and Nucor Corp..

  • Sept 17- Shares of United States Steel Corp rose as much 12 percent to a three-year high a day after the company said its loss-making Canadian arm would apply for relief from creditors and that it would drop plans to expand two of its U.S. facilities.

  • Nucor said on Monday it would buy Gallatin Steel, the U.S. joint venture between ArcelorMittal and Gerdau, for $770 million to expand into flat-rolled steel market in the growing pipe and tube business. In the current quarter ending Sept. 30, Nucor also expects to gain from write down of assets and high levels of imports due to downward pressure on pricing.

  • Market leaders Nucor Corp, Commercial Metals Co and Gerdau Long Steel North America sold rebar cheaply to their in-house operations marketing to contractors for big projects, they said. "Nucor and Gerdau are the price leaders and undersold other U.S. producers and each other," said Jay Campbell, of White& Case, a representative for the Mexican producers.

  • Your first trade for Monday Friday, 12 Sep 2014 | 5:24 PM ET

    The "Fast Money" traders share their final trades of the day.

  • Your first trade for Thursday Wednesday, 13 Aug 2014 | 2:48 PM ET

    The "Fast Money" traders share their final trades of the day.

  • WASHINGTON, July 10- U.S. steel producers on Thursday accused Russia of flooding the market with cheap flat-rolled steel, challenging a 15- year trade deal and potentially reigniting a decades-old dispute over imports amid heightened tensions between Washington and Moscow.