Nucor Corp
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Earnings season kicks into high gear in the week ahead. Plus, at least 10 Fed speeches. How risk-averse are investors? Oh, this is going to put them to the test. Rest up.
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FRANKFURT, May 15- German steelmaker ThyssenKrupp took another writedown on the value its Steel Americas business, driving it to an unexpected quarterly loss but raising hopes it is closer to selling the troubled asset. At 0820 GMT, ThyssenKrupp shares were up 4 percent at 15.715 euros, among the biggest rises by a European blue-chip stock.
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*Cap hike of $750 mln for Brazil plant considered- source. FRANKFURT, Germany, May 3- Germany's ThyssenKrupp is considering keeping a stake in Brazilian steel mill CSA, which would force it to inject more money into the business, a person familiar with the matter said. "One of the options that has emerged is that ThyssenKrupp would sell a one-third stake to CSN.
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The Pittsburgh- based steelmaker's flat-rolled segment, its biggest business unit, recorded an operating loss of $13 million, compared with a year-earlier profit of $183 million, as prices and shipments slipped. Net loss for the first quarter narrowed to $73 million, or 51 cents a share, from $219 million, or $1.52 a share, a year earlier.
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April 30- United States Steel Corp reported a first quarter loss on Tuesday, compared with a year-earlier adjusted profit, and its sales dropped more than 10 percent. Net loss for the first quarter narrowed to $73 million, or 51 cents a share, from $219 million, or $1.52 a share, a year earlier.
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April 18- Nucor Corp reported a fall in quarterly earnings on Thursday, and said that its steel mills had not seen the seasonal increase in prices and volumes that they usually do early in the year. Net earnings for the first quarter dropped to $84.8 million, or 26 cents a share, from $145.1 million, or 46 cents a share, a year earlier.
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Earnings season kicks into high gear in the week ahead. Plus, at least 10 Fed speeches. How risk-averse are investors? Oh, this is going to put them to the test. Rest up.
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If you’re counting out China, Cramer thinks you may be making a terrible mistake.
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Jim Cramer makes the call on viewers' favorite stocks.
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The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.
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WASHINGTON, March 21- U.S. steel companies on Thursday urged Congress and the White House to take action against what they said was a flood of unfairly traded steel from China, partly by reforming U.S. trade laws to make it easier to win import protection.
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WASHINGTON, March 21- U.S. steel companies on Thursday urged Congress and the White House to take action against what they said was a flood of unfairly traded steel from China, partly by reforming U.S. trade laws to make it easier to win import protection.
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LONDON, March 15- Diesel is now six times more expensive than natural gas on an energy-equivalent basis in the United States, a gap that is unsustainable. As Herbert Stein, chief economist to President Richard Nixon noted, if something cannot go on forever, it will stop. Half of all refuse trucks sold in the United States last year run on gas.
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March 14- Steelmaker Nucor Corp forecast a drop in first-quarter earnings per share on Thursday, and said its mills have not seen the seasonal improvement they usually do in the first quarter. At the same time, Nucor said its downstream steel products business has seen a seasonal slowdown, and it expects "a modest loss" in that segment.
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Steel prices up $50 per short ton- Steel Market Update. *AK Steel boosts base prices for carbon flat-rolled steel. AK Steel Holding Corp announced its increase in a release on Wednesday morning.
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WASHINGTON, Jan 31- The United States would violate global trade rules and damage its credibility if it decides to subsidize steel, chemical and other manufacturers by restricting exports of liquefied natural gas after years of pressing other countries like China to drop restrictions on natural resource exports, experts said.
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WASHINGTON, Jan 31- A U.S. government decision to subsidize steel, chemical and other manufacturers by restricting exports of liquefied natural gas would violate global trade rules and damage U.S. credibility after years of pressing other countries like China to drop restrictions on natural resource exports, experts said.
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*AK Steel Q4 loss smaller than expected. Jan 29- Steel makers U.S. Steel Corp and AK Steel Holding Corp expect results to improve in the current quarter as the global economy recovers and the cost of raw materials such as coal and iron ore stays low.
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Siderúrgica Nacional SA have emerged as leading bidders for steel mills ThyssenKrupp AG is trying to sell in the United States and Brazil, a source close to the deal said on Thursday.
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ThyssenKrupp, Germany's top steelmaker, posted a massive 4.7 billion euro ($6.1 billion) net loss for the year as it took a painful write-down on steel mills in the United States and Brazil that it is trying to sell.
