Steel

United States Steel Corporation (NYSE:X) shares are up on the optimism for its $3 billion Mini-Mill steel mill in Osceola, Arkansas. BMO Capital Markets upgraded U.S. Steel’s stock from Market Perform to Outperform on Wednesday as it expects the $3 billion plant to forge greater profits for...

Nucor Corporation (NYSE:NUE) announced its second-quarter outlook on Friday but it failed to uplift investor sentiment. The steel maker cautioned that it expects earnings of $2.20 to $2.30 per diluted share, significantly lower than $5.81 in the year-ago period. The earnings...

Top Stories for May 31, 2024: The Law Offices of Frank R. Cruz is investigating U.S. Steel (NYSE:X) for potential federal securities law violations.  U.S. Steel announced an agreement on Dec. 18, 2023, to be acquired by Nippon Steel at $55.00 per share. However, the CEO sold $12 million in...

President Joe Biden announced Tuesday a significant increase in tariffs on a range of Chinese goods, aimed at protecting the American economy and safeguarding domestic jobs. These measures are also designed to counteract China’s heavily subsidized production, which Biden stated was “...

Nucor Corporation (NYSE:NUE) reported its first-quarter financial results after the bell Monday. Here's a look at the details.  The Details: Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65 by 5.21% and represents a 22.25% decrease from...

Cleveland-Cliffs Inc (NYSE:CLF) reported first-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter. Q4 Earnings: Cleveland-Cliffs reported first-quarter revenue of $5.2 billion, which missed the consensus estimate of $5.346...

During a visit to the United Steel Workers union headquarters in Pittsburgh on Wednesday, President Joe Biden outlined the U.S. government’s strategy against what he described as China’s unfair trade practices, particularly in the steel and aluminum sectors. The speech highlighted the...

On Wednesday, President Joe Biden is set to propose a significant adjustment in the nation’s trade policy towards China, aimed at strengthening the domestic steel sector and addressing broader industrial concerns. In a visit to Pittsburgh, Biden is expected to announce new 25% tariffs on...

President Joe Biden is taking a hard stance on trade with China, proposing a significant hike in tariffs on steel and aluminum imports. This move comes amid heightened economic tensions between the two global powers. What Happened: Biden has put forward a plan to dramatically increase tariffs on...

Iron ore prices are on the rise, fueled by optimism about increased demand from China, the world’s top consumer of the steelmaking ingredient. The iron lift-off is welcoming for the Australian dollar (AUD), a currency heavily influenced by the performance of this key export commodity....

Top Stories for March 27, 2024: Foremost Lithium Resource & Technology (NASDAQ:FMST) is engaged in lithium exploration in Manitoba’s Snow Lake region and reported significant drilling progress at the Zoro Lithium Property.  The company highlighted a substantial drill intercept of...

United States Steel Corporation (NYSE:X) reported better-than-expected fourth-quarter financial results after the bell Thursday. Here's a look at the highlights.  The Details: U.S. Steel reported quarterly earnings of 67 cents per share which beat the analyst consensus estimate of 26 cents by 157....

United States Steel Corp (NYSE:X) will be reporting its fourth-quarter earnings on Feb. 1. Wall Street expects 26 cents in EPS and $3.76 billion in revenues as the company reports after market hours. The Pittsburgh-based company’s stock is up about 70% over the past year. Related: US Steel...

Nucor Corp (NYSE: NUE) shares are trading higher in Monday's after-hours session after the company reported its fourth-quarter financial results. What To Know: Nucor reported quarterly earnings of $3.16 per share which topped analyst estimates of $2.87 per share. Quarterly sales of $7.70...

One of the biggest merger and acquisition news items of the week has been the proposed buyout of United States Steel Corporation (NYSE:X) by Japanese company Nippon Steel. One member of Congress has been actively trading U.S. Steel shares and options in 2023. What Happened: Nippon Steel is offering...