Shares in the South African division of ArcelorMittal slumped 23 percent in Johannesburg to a 13- year low of 9.01 rand after the news. ArcelorMittal said in a statement that trading conditions had continued to worsen since it started reviewing its long steel business in July, adding that higher South African import duties would only bring relief over the...» Read More
"It looks awful on the charts, and it's just not doing what it should be doing," Dennis Gartman says of gold.
Ephrem Ravi, Head of Metals & Mining Sector, Asia Ex-Japan Equity Research, Barclays discusses the outlook for China's coal and steel sector.
China's imports of crude oil, iron ore, copper and soybeans fell in August from July's record highs, but shipments stayed at elevated levels.
Paul O'Malley, Managing Director of BlueScope Steel discusses the road to recovery for the Australian-listed steel maker, after reporting its first annual underlying profit in three years.
Mad Money host Jim Cramer looks at the bounce in the steel ETF to see if it can finally break out above the $44 ceiling, with the help of technician Tim Collins. Also, where Steel Dynamics is headed.
Jack Welch, Jack Welch Management Institute founder, says for the past six months demand for industrial products tied to copper and steel have increased.
Paul Renken, senior geologist and mining analyst at VSA Capital, questions ArcelorMittal's steel prices outlook, and discusses what it could do to reach its higher profit guidance for 2013.
Oleg Deripaska, the CEO of the world's largest aluminum company Rusal said global commodity producers need to cut output by up to 10 percent.
CNBC's Emily Chan takes on the daily challenge of the 'Stock in 60' segment and looks at BlueScope Steel, which soared as much as 17 percent after reporting improved results for the first half of 2013.
Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself.
Spencer Wicks, pulbisher at Steelfirst.com, tells CNBC that there couldn't be a worse time to be selling steel assets as you've got a buyers' market.
The Timken Company president & CEO Jim Griffeth, discusses the year ahead for his company, and how the growth of the domestic natural gas market is driving profitability.
China's harshest winter in nearly three decades has hit iron ore output and driven up prices just as demand from steel mills revives in a resurgent economy. Imports are at record levels.
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.”