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...

The U.S. and the EU are on the verge of a groundbreaking partnership aimed at countering China’s burgeoning steel surplus. This audacious move not only seeks to curb excess steel production, but also aims to bury the hatchet on a long-standing trade dispute that traces its roots back to the...

The World Trade Organization (WTO) ruled China overstepped its trade agreements by imposing tariffs on $2.4 billion of U.S. goods. On Wednesday, a trio of WTO specialists concurred with the U.S., stating China’s tariffs breached the organization’s “most favored nation”...

U.S. stocks ended in the green on Monday. The Nasdaq Composite emerged as the day’s winner, registering a gain of around 143 points. The Dow slightly rose by 0.07% to 35,307.63. The S&P 500 also experienced an uptick, rising by almost 0.6% to 4,489.72. These are the top stocks that...

Steel producer United States Steel Corporation (NYSE: X) could have a new product to help with future growth — and it involves the growing electric vehicle market. What Happened: An important component of buildings, appliances and automobiles is often steel. No exception to the usage of...

Prominent market commentator Jim Cramer has talked about two stocks that he believes investors should consider adding to their portfolios. The market expert explained that stocks in the materials sector tend to be highly cyclical, which means they could get impacted if the Federal Reserve’s...

At the Bill Gates-founded Breakthrough Energy Ventures, an investor met Sandeep Nijhawan, who had four business ideas, each addressing rising global temperatures. Nijhawan — who had recently departed from founding two startups — had no inkling then that one of his ideas could disrupt...

The metals and mining sector may not be the most exciting group of assets at the moment, but that could change in the coming years. The increasing demand for mining commodities has been driven by the global efforts for green energy. S&P Global suspects that supply constraints will send...

Cleveland-Cliffs Goes Parabolic As I mentioned in my previous post on United States Steel Corporation (NYSE: X), U.S.-led sanctions on Russia in response to its invasion of Ukraine have put upward pressure on steel prices recently, as Russia is one of the world's top steel exporters. Like...

Cleveland-Cliffs Inc (NYSE: CLF) was featured as the call of the day Thursday on CNBC's "Fast Money Halftime Report." What Happened: JPMorgan analyst Michael Glick maintained Cleveland-Cliffs with an Overweight rating and raised the price target from $37 to $44. Glick named Cleveland-...

U.S. Steel: A Recent Top Name U.S.-led sanctions on Russia in response to its invasion of Ukraine have put upward pressure on steel prices recently, as Russia is one of the world's top steel exporters. United States Steel Corporation (NYSE: X) has been one of our top ten names recently, in our...

The rally in United States Steel Corporation (NYSE: X) may continue. The shares are rebounding off of an important price level. There is support at $29. This support, or large amount of buy interest, is a result of seller’s remorse. A large number of investors sold U.S. Steel at or close to $...

United States Steel Corporation (NYSE: X) is among the largest steel producers in the world and over the past year, has produced eye-popping returns for investors. Since March 2021, United States Steel stock’s one-year return has outperformed several of the world’s most...

United States Steel Corporation (NYSE: X) shares are trading higher Thursday after the company announced it will invest approximately $60 million to insource pig iron capabilities at its Gary Works facility as part of its metallics strategy. The stock has been pushing higher and is attempting...