Nucor Corp: “I personally think that Nucor has moved up too much. … I have my eye on $160 to $165 and not before that.” C3.ai Inc: “This stock has run up as part of the almost ...
Tag: Steel
U.S. Steel Stock Rallies On Earnings Beat, As Industry Powers Up
United States Steel (X) topped fourth-quarter earnings and revenue estimates late Thursday. However, the company was the latest steel stock in recent weeks to see earnings drop compared to a year ago....
Steel Manufacturing Is Going Green
Getty Images Key takeaways Historically, steelmaking has been a dirty process, but new technologies are changing this Green steel is made using electric furnaces powered by renewable energy as opposed...
U.K. Government Has Proposed A £600 Million Package To Help Its Steel Companies Go Green
Getty Images Key takeaways Runaway energy prices in the U.K. have made the cost of industry prohibitive over the past couple of years. This is of particular note for steel mills which sometimes use ca...
UAE’s Masdar Seeks Early Mover Advantage In Emerging Market For Green Hydrogen
Green hydrogen made using renewable energy could play a key role in decarbonizing the global … [+] economy. getty Over the past decade and a half, Abu Dhabi’s Masdar has built itself into one of...
Steel Stocks Flash Buy Points
Steel stocks are attracting strong buying interest as the market searches for direction in the early days of 2023. Steel Dynamics (STLD), Tenaris (TS), Nucor (NUE) and U.S. Steel (X) are among the top...
Modi’s Building Boom Setting Up India as Global Steel Savior
(Bloomberg) — With China’s massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a savior for flagging global steel demand. Most ...
Steel Stocks, Mining Giants React As China Iron Ore Consortium Enters Market
China is set to shake up the iron ore industry in 2023, with a Beijing-created consortium set to become the biggest buyer of the key ingredient in steel manufacturing as soon as next year. Mining stoc...
Hong Kong Refuses U.S. Calls To Seize Sanctioned Billionaire’s Docked Superyacht
Topline Hong Kong will not seize a superyacht linked to Russian billionaire Alexey Mordashov docked in its harbor, chief executive John Lee said on Tuesday, dismissing Western warnings that the city’s...
Steel Stocks Stand Solid, Near Buy Points, As Market Retreats
Steel stocks have rebounded sharply since early July, despite the conflicted outlook for the overall steel industry. Steelmakers led by Nucor (NUE), Commercial Metals Company (CMC) and Steel Dynamics ...
China Suffers Another Dismal Month Of Steel Production
BEIJING, CHINA – OCTOBER 24: Chinese President Xi Jinping vote at the closing of the 19th Communist … [+] Party Congress at the Great Hall of the People on October 24, 2017 in Beijing, Chi...
Electric-Vehicle Industry Prizes Steel Over Aluminum, Cleveland-Cliffs CEO Says
(Bloomberg) — Electric-vehicle makers are choosing steel over aluminum as the preferred metal for automotive bodies, says the top executive at the largest steel provider to the US car industry. ...
Occidental Petroleum, U.S. Steel And 3 Other Stocks That Look Good On Cash Flow
Occidental Petroleum workers on the Cano Limon Covenas oil pipeline. (Photo by Carlos Villalon/Getty … [+] Images) Getty Images Suppose you run a successful food-delivery business. Two years ago...
Sweden’s Priority Should be Steel Production, Not Bitcoin Mining, Energy Minister Says
Khashayar Farmanbar – Energy Minister of Sweden – believes the nation’s electricity supply should be focused on something “more useful” than bitcoin mining. Over the years, the country has made a name...
Sweden favors making steel over mining bitcoin as power gets scarce: Bloomberg
Sweden’s Energy Minister Khashayar Farmanbar told Bloomberg in an interview that it was more important to provide electricity for job-creating projects like steel plants than for bitcoin miners that a...
Swedish Energy Minister Prefers Green Steel Over Bitcoin Mining
Sweden’s Energy Minister eschews bitcoin mining in favor of a manufacturing sector employing citizens. In an interview, Energy Minister Khashayar Farmanbar said the country needs energy for more usefu...
Two steel makers priced for doom that could bloom in 2022
Investors looking for industries that offer cheap quality stocks that could rebound should look no further than the steel makers. Currently, most steel makers are trading at two to four times this yea...
Boris Government Chips Away At Free Trade
WATFORD, ENGLAND – DECEMBER 04: Britain’s Prime Minister Boris Johnson gives a press conference at … [+] the NATO summit at the Grove hotel on December 4, 2019 in Watford, England. F...
Key Indicator Shows China’s Economy Set For Further Slump
WUHAN, CHINA – FEBRUARY 10: A man wears a protective mask on February 10, 2020 in Wuhan, China. … [+] Flights, trains and public transport including buses, subway and ferry services have b...
Iron Ore Sinks and Steel Mills Go Dark on Deepening China Gloom
(Bloomberg) — Iron ore plunged more than 7% in Singapore — giving up all its gains this year — as steel mills idled blast furnaces amid growing pessimism over the demand outlook in C...
Steel Could Soar As The World Transitions To Renewable Energy
Steel has a vital role in boosting the UK’s energy infrastructure and help power the transition to a greener economy, argued Severfield chief executive Alan Dunsmore. The steel boss told City A.M. tha...
United States Steel Stock Gains On Strong Q2 Outlook
Motley Fool Here Are All 16 Stocks Warren Buffett Has Bought Since 2022 Began When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett buys a stock, Wall Street and investors wisely pay ...
United States Steel still declining and yet to find support
United States Steel Corporation (NYSE:X) attempted to set support at $24 three weeks ago. The stock has since tested the support. The share is now trading at $19.24 as bears press harder. We ask how m...
Attractive United States Steel Corp. forms a head and shoulder pattern
United States Steel Corporation (NYSE:X) is a solid low-priced value stock that all investors should focus on right now. The counter is trading at $24.63. At the price, the stock is dirt cheap. US Ste...
Best Steel Stocks To Buy In May
Key Insights Steel stocks have recently suffered a serious pullback, which pushed them to more attractive valuation levels. India decided to impose export tariffs to keep domestic steel prices at bay...
With steel prices on the rise this stock has the potential for a 90% upside
Despite steel prices easing out of their seven-month peak, the commodity is still highly-priced. The rise of steel prices began in September of 2021 but exploded when Russia decided to invade Ukraine....