Some of the names on the move ahead of the open.» Read More
July 21- Steel Dynamics Inc will buy Severstal's mini-mill in Columbus, Michigan for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash. Last month, CEO Alexey Mordashov said that selling the U.S. assets could help decrease Severstal's debt and make the company a lot more profitable.
July 21- Steel Dynamics Inc will buy Severstal's Columbus mini-mill for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash. AK Steel said the deal also included a cokemaking facility and interests in three joint ventures that process flat-rolled steel products.
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.
WASHINGTON, July 10- U.S. steel producers on Thursday called for the Department of Commerce to scrap a trade deal with Russia that excuses hot-rolled steel shipments from import duties.
Check out which companies are making headlines after the bell Tuesday:
Cramer is a fundamental investor. However he’s always intrigued by the charts, especially when they signal something radical as this!
*UBS cuts United States Steel Corp target price to $31 from $35; rating. *UBS cuts Steel Dynamics target price to $17 from $18; rating buy. *UBS cuts Reliance Steel and Aluminum target price to $63 from $66;.
Take a look at some of Wednesday's midday movers:
It's that time again — earnings season kicks off this week and it may be a bumpy ride. Corporate profits are expected to show the slowest growth in three years.
Will America, Inc. ask Mitt Romney the former turnaround CEO to prevent the bankruptcy of U.S. Government, Inc.? Isn’t a Bainful turnaround exactly what America needs?
Steel, one of the most hated industries, is drawing attention on expectations President Obama's job-creation plan will boost infrastructure spending. TheStreet details a list of five highly rated steel companies cited in a research report about the steel industry.
Sell the rally. So says, Stephen Weiss, Fast Money trader and partner at Short Hills Capital. Here's how he's positioning right now.
Seems like a good time to check the charts. Get all the details from Oppenheimer’s Carter Worth. Watch the video now!
Stocks ended higher for the session, although lower for the week, amid concerns over global growth and Middle East unrest, and and in the wake of a devastating earthquake in Japan. C
Stocks climbed in the last hour of trading as sectors that had been beaten up during the week regained ground, despite a devastating earthquake in Japan. 3M and Caterpillar rose, while Verizon fell.
It's Groundhog Day, the day meteorologists turn to these furry little prognosticators to determine whether Spring will come early or we will have another 6 weeks of Winter.
The "Fast Money" traders debate whether strong sales of the popular Xbox gaming system is enough to move the needle for MSFT.
Steel Dynamics lit up with call buying early this week and saw another wave of upside activity late Thursday.
The "Fast Money" traders look at the trades on tightening debt insurance spreads for Spanish sovereign debt and India's efforts to cool inflation.
With new data showing inflation in China has soared to a 28-month high, how should you position?