Steel

Shares of Nucor Corporation (NYSE:NUE) are falling on Friday. This follows Thursday’s drop of more than 5%. There is a good chance the selloff ends around current levels. There is also a chance that the stock reverses and rallies, so Benzinga’s team of technical analysts has made it our...

President-elect Donald Trump will soon return to the White House and begin his second term. In contrast to 2016, when he was a "political question mark," the international community is now bracing for his protectionist trade policy stances. Although tariffs present a risk for multinational...

Iron ore prices could remain subdued in the near future. Citi analysts see them hovering around $85 per ton by 2026, owing to incremental new supplies, rising inventories, and weak Chinese demand. “Not only has China's recent stimulus package fallen short of investor expectations, but the...

The U.S. election results have stirred up first reactions in the markets. Analysts from JPMorgan Chase & Co see Donald Trump’s return to the White House as a potential shift in the commodity market. The bank’s equity research analyst, Bill Peterson, noted Trump’s history of...

Cleveland-Cliffs Inc (NYSE:CLF) reported financial results for the third quarter after the bell on Monday. Here’s a rundown of the report. Q3 Revenue: $4.57 billion, versus estimates of $4.77 billion Q3 EPS: Loss of 33 cents, versus estimates for a loss of 27 cents Steel shipments totaled...

As Election Week 2024 is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves. With a Democratic win likely to power up the clean energy sector and a Donald Trump victory poised to boost steel, the...

United States Steel Corporation (NYSE:X) reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.   The Details: U.S. Steel reported quarterly earnings of 56 cents per share which beat the analyst consensus estimate of 47 cents. Quarterly...

Nucor Corp (NYSE:NUE) shares are trading lower after the company reported its third-quarter financial results and announced it expects its fourth-quarter earnings to decline to $1.05. Here's a look at the details from the report.  The Details: Nucor reported quarterly earnings of $1.49 per...

Steel Dynamics Inc (NASDAQ:STLD) shares are trading higher in Wednesday’s after-hours session on the heels of the company’s third-quarter financial results. Here’s a rundown of the print. Q3 Revenue: $4.34 billion, versus estimates of $4.177 billion Q3 EPS: $2.05, versus...

Eighty percent of the metal and mining industry's revenues are derived from just five materials: steel, thermal coal, copper, gold, and aluminum, according to a recent McKinsey report. Steel and thermal coal alone account for 60%–70% of revenues, driven by their massive production volumes of 7...

The U.S. national security panel, tasked with reviewing Nippon Steel‘s (OTCPK: NISTF) $14.9 billion bid for U.S. Steel (NYSE:X), is delaying its decision until after the Nov. 5 presidential election. According to Reuters, sources familiar with the matter said that the sensitive merger...

United States Steel Corporation (NYSE:X) are down over 16% since Wednesday morning after the Biden administration expressed intentions to block Nippon Steel Corporation's $14.9-billion acquisition of the American company. This has been referred to as a national security concern by President Joe...

Nippon Steel (OTC:NISTF) (OTC:NPSCY) has announced plans to invest an additional $1.3 billion in two U.S. Steel (NYSE:X) plants, in an effort to garner support for its $14-billion acquisition bid, which is currently facing opposition from U.S. unions and politicians. What Happened: The Japanese...

Nucor Corporation (NYSE:NUE) shares are climbing after the company reported its second-quarter financial results Monday. Here's a look at the key figures from the report.  The Details: Nucor reported quarterly earnings of $2.68 per share which beat the analyst consensus estimate of $2.35 by 14.04...

Shares of Ampco-Pittsburgh Corporation (NYSE:AP) soared nearly 70% during Wednesday’s pre-market after its subsidiary, Union Electric Steel Corporation, secured contracts estimated at $11.7 million. What Happened: At the time of writing, Ampco-Pittsburgh was trading at $1.290 after it...