Steel
US Steel Stock Hits 3-Year Low on Cost Cutting Plans
US Steel stock is trading at its lowest point in over three years after the troubled industrial group announced further cost-cutting plans and the departure of its Chief Financial Officer, Kevin Bradley. US Steel Stock ... [Read]
Steel
OSN Stock Doubles on Solid Earnings Update: Investor Interest
After having endured a difficult period due to short-seller action, OSN stock has proven to be one of the biggest winners this morning. Ossen Innovation Co Ltd (NASDAQ:OSN) announced its preliminary financial results and that ... [Read]
Penny Stocks
Steel Penny Stocks in Green: Tariffs Improve Gerdau’s Bottom Line
US steel penny stocks have benefitted in many ways from the trade war. To recap, the US imposed a 25% tariff on steel and aluminum imports in May. The idea was to enhance the US’s ... [Read]
Basic Materials
Cleveland-Cliffs Shares Have Further Upside Potential
Cleveland-Cliffs Inc. (NYSE:CLF): Cleveland-Cliffs shares are increasing steadily after its substantial jump in response to the U.S. announcement regarding tariffs on imported steel and other metals. CLF is a U.S. based iron ore supplier to domestic producers. ... [Read]
Basic Materials
AK Steel Shares Volatile Albeit Rising U.S. Steel Prices
AK Steel Holdings (NYSE:AKS): AK Steel shares are making volatile moves over the last eight months due to trade war tensions. Donald Trump believes that reducing cheap imports from China and other parts of the ... [Read]
Steel
Does Donald Trump’s New Tariffs Help AK Steel To Increase Profits?
AK Steel (NYSE:AKS) has been working on several business initiatives to cope with the unstable business environment. It generated positive earnings per share of $0.03 in fiscal 2017, the first yearly profit in the past ... [Read]
Steel
AK Steel Shares Are Flying Higher, Amid Potential Tariffs
AK Steel Holding Corp (NYSE:AKS) shares plummeted sharply last year; shares lost almost half of the value. Strong pricing pressure and the flow of imported steel has been impacting the company’s margins and earnings potential. ... [Read]
Basic Materials
Ossen Innovation Stock Continues to Grow Amid Improving Fundamentals
Ossen Innovation Co. (NASDAQ:OSN) shares have gained momentum over the last twelve months, supported by growth in steel prices and improving financial numbers. Ossen stock price soared more than 35% in Monday trade, up 79% ... [Read]
Basic Materials
A Look At AK Steel’s Position In Today’s Coal Market
A fundamental competitive advantage of AK Steel (NASDAQ:$AKS) is its immunity to short-term fluctuations in coal prices. Why? The company purchases all of its coal under annual contracts. Similarly, U.S. Steel Corporation (NASDAQ:$X) purchases their ... [Read]
Basic Materials
Companies From Various Industries Are Fighting Trump on Tariffs on Steel Imports
Sectors reliant on cheap steel – which includes energy companies, retailers, and American manufacturers – are pressing for political action against President Donald Trump’s wish to impose tariffs on steel imports ahead of a potential ... [Read]