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United States Steel (X) Stock Down as Barclays Lowers Price Target
2015-07-09 22:22:33| Steel - Topix.net
United States Steel is expected to be affected by lower projections for flat-rolled steel products, which is one of the company's main segments, Barclays said in an analyst note. Separately, TheStreet Ratings team rates UNITED STATES STEEL CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate UNITED STATES STEEL CORP a HOLD.
Tags: price
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U.S. Steel Supports Trade Authority Bills
2015-07-08 23:29:32| Steel - Topix.net
United States Steel Corp. President and CEO Mario Longhi praised Congress for its trade legislation giving President Obama the authority to negotiate trade agreements following passage of the Trade Promotion Authority and Trade Adjustment Assistance bills in June. He was also pleased with the bill's ability to combat unfair trade practices.
Tags: trade
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Koppers joint venture revises agreement, gets $30M payment from Nippon Steel subsidiary
2015-07-08 15:13:02| Steel - Topix.net
A Chinese joint venture of Pittsburgh-based Koppers Holdings Inc. has revised a supply agreement in exchange for a one-time payment of $30 million. Koppers Carbon Chemical Co.
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Bull Case For U.S. Steel Is Speculative
2015-07-08 10:10:32| Steel - Topix.net
The erratic performance of ArcelorMittel following the passage of European legislation against Chinese steel imports casts uncertainty over upside in US Steel even if economic legislation is positive. Shares of US Steel Corporation and Nucor Corporation have slid recently behind a steep fall-off in the price of steel.
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AK Steel (AKS) Stock Sliding as Iron Ore Prices Fall
2015-07-07 19:13:13| Steel - Topix.net
Iron ore prices were slipping by 5.12% to $49.60 a dry metric tonne, according to a price index compiled by Metal Bulletin. The index fell below the $50 level for the first time since April 16. The index is down for the ninth straight session, marking the longest losing streak seen since last August, Business Insider reports.
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