Steel & Iron
(VALE) Vale’s First Quarter Iron Ore Volume Drops
Vale S.A. (VALE), a metals and mining company, recently announced a mixed production report for the first quarter 2013, including a year-over-year decline in the iron ore performance. Vale saw a year-over-year increase in production...3May2013 | vitalstocks | Comments Off | Continued
(MTL) Mechel OAO Inks Deal with Baosteel
Russian miner Mechel OAO (MTL) has signed a memorandum of understanding with Baosteel Resources Int. Co. wherein Mechel’s subsidiary – Mechel Carbon Singapore – will supply the latter with up to 960,000 tons of coking coal annually. The...3May2013 | vitalstocks | Comments Off | Continued
(AKS) AK Steel Holding Survives Infringement Scare
AK Steel Holding Corporation (AKS) announced that the United States Court of Appeals for the Federal Circuit denied ArcelorMittal‘s (MT) petition to reassess its...18Apr2013 | vitalstocks | Comments Off | Continued
(MT) ArcelorMittal Completes 11.05% Stake Sale
Steel giant ArcelorMittal (MT) has announced that it has completed the first installment of its stake sale in ArcelorMittal Mines Canada. The sale was a part of the previously announced agreement, pursuant to which ArcelorMittal`s wholly-owned...4Apr2013 | vitalstocks | Comments Off | Continued
(VALE) Steel Industry Stock Outlook – March 2013 – Zacks Analyst Interviews
About the Steel Industry Given the unique combination of strength, formability and versatility in steel; it is deployed across various industries including construction, transport, electrical appliances, food packaging and others. Steel products are classified into four broad...9Mar2013 | vitalstocks | Comments Off | Continued
(CLF) Cliffs Natural Resources – Bear of the Day
We are downgrading our rating on Cliffs Natural Resources (CLF) to Underperform following its lackluster third-quarter 2012 results. Earnings fell well short of the Zacks Consensus Estimate while profit slid roughly 86% on account of lower iron...18Dec2012 | Shawn | Comments Off | Continued
(MT) ArcelorMittal – Bear of the Day
We are retaining our Underperform recommendation on ArcelorMittal (MT) following its dismal third-quarter 2012 results. It turned to a loss in the quarter, hurt by weak economic conditions and lower steel pricing. Both revenues and...10Dec2012 | Shawn | Comments Off | Continued
(VALE) Vale – ADR – Bear of the Day
We are maintaining an Underperform recommendation on Vale S.A (VALE) based on the rising cost of raw materials, increasing price volatility and demand slowdown, especially in China. Also, rising cost of delivery of materials and the...9Nov2012 | vitalstocks | Comments Off | Continued
(CLF) Cliffs Natural Resources Enters 3-year Deal with USW
Cliffs Natural Resources Inc. (CLF) entered into a three-year tentative labor contract with the United Steel Workers (USW) union that will cover approximately 2,400 USW-represented workers at Cliffs’ Empire and Tilden mines in...23Oct2012 | vitalstocks | Comments Off | Continued
(SCHN) Schnitzer Steel Industries Steel Provides Outlook
Schnitzer Steel Industries Inc. (SCHN) provided its outlook for the fourth quarter 2012 ending August 31, 2012. The company expects both prices and sales volumes at its metal recycling business to lag on a sequential basis. Ferrous...31Aug2012 | vitalstocks | Comments Off | Continued
(MT) ArcelorMittal Remains Underperform
We are maintaining our Underperform recommendation on ArcelorMittal (MT) following its second-quarter 2012 results. The company’s adjusted earnings of 64 cents per share comprehensively beat the Zacks Consensus Estimate of...28Aug2012 | vitalstocks | Comments Off | Continued
(MT) ArcelorMittal – Bear of the Day
We are maintaining our Underperform recommendation on ArcelorMittal (MT) following our assessment of its second-quarter 2012 results. Earnings beat the Zacks Consensus Estimate while revenues fell year over year and missed the forecast....28Aug2012 | vitalstocks | Comments Off | Continued
(MT) Metals & Mining Stock Outlook – June 2012 – Industry Outlook
The Metals & Mining industry encompasses the extraction (mining) as well as primary and secondary processing of metals and minerals. These include aluminum and gold, other precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for a lion’s...24Jun2012 | vitalstocks | Comments Off | Continued
(AKS) AK Steel Holding Corporation Plant Honored For Safety
AK Steel Holding Corporation (AKS) recently announced that a recognition has been bestowed on the Walbridge, Ohio plant of its subsidiary AK Tube LLC by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene....4Jun2012 | vitalstocks | Comments Off | Continued
(SID) Companhia Siderurgica Nacional – ADR- Bear of the Day
Brazilian steel company Companhia Siderurgica Nacional, or CSN (SID) posted satisfactory fourth quarter results with EPADR of roughly 31 cents per share, much above the Zacks Consensus Estimate of 20 cents per share....20Apr2012 | vitalstocks | Comments Off | Continued
(PKX) POSCO – ADR- Bear of the Day
POSCO – ADR (PKX) reported disappointing financial results in 2011 with the company’s net earnings falling roughly 12% year over year. Weak margins due to higher raw material costs led to the downfall. Though the...5Apr2012 | vitalstocks | Comments Off | Continued
(MT) Metals & Mining Stock Outlook – March 2012 – Industry Outlook
About the Industry The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers...16Mar2012 | vitalstocks | Comments Off | Continued
(CMC) Company News for December 20, 2011 – Corporate Summary
• In a deal worth $560 million, Winn-Dixie Stores Inc. (NASDAQ:WINN) will be sold to supermarket operator Bi-Lo LLC. Following the development, shares of Winn-Dixie soared 70.1% • A company spokeswoman told Reuters that Procter...20Dec2011 | vitalstocks | 0 comments | Continued
(GGB) Gerdau S.A. – ADR – Bear of the Day
Brazilian steelmaker Gerdau S.A.’s (GGB) second quarter results were rather disappointing as the company’s EPS of $0.18 plummeted 38% year over year and lagged behind the Zacks Consensus by 14 cents. Results were plagued...28Sep2011 | vitalstocks | 0 comments | Continued
(GGB) Gerdau S.A. – ADR – Bear of the Day
Brazilian steelmaker Gerdau S.A.’s (GGB) second quarter results were rather disappointing as the company’s EPS of $0.18 plummeted 38% year over year and lagged behind the Zacks Consensus by 14 cents. Results were plagued...20Sep2011 | vitalstocks | 0 comments | Continued
(AKS) AK Steel Holding Corporation Adds Surcharge
AK Steel Holding Corporation (AKS) added a surcharge of $460 per ton for a broad range of electrical steel products that it produces. This surcharge will be reflected in the invoices of electrical steel products to be shipped in September...9Aug2011 | vitalstocks | 0 comments | Continued
(AKS) AK Steel Holding Corporation Analyst Assigns Neutral Rating
We are maintaining our Neutral recommendation on AK Steel Holding Corporation (AKS). The company recorded first-quarter 2011 EPS of $0.08, beating the year-ago quarter’s $0.02 and striding ahead of the Zacks Consensus Estimate for...11Jul2011 | vitalstocks | 0 comments | Continued
(VALE) VALE S.A. Strengthens Logistics
Vale S.A. (VALE) recently announced that the company’s new giant bulk carriers will be manufactured in China and South Korea as the domestic market is already working at full capacity. The company has booked 19 Valemaxes and already...7Jul2011 | vitalstocks | 0 comments | Continued
(AKS) AK Steel Electric Furnace Damaged
West Chester, Ohio-based flat-rolled steelmaker, AK Steel Corporation (AKS) announced that its #5 electric arc furnace (EAF) at its Butler, Pennsylvania Works was damaged on July 1, 2011, when molten steel inside the furnace breached...6Jul2011 | vitalstocks | 0 comments | Continued
(AKS) AK Steel Holding Adds Surcharge
AK Steel Holding Corporation (AKS) added a surcharge of $455 per ton for a broad range of stainless steel products it produces. This surcharge will be reflected in the invoices of electrical steel products shipped in August 2011. The...5Jul2011 | vitalstocks | 0 comments | Continued
(MTL) Mechel OAO 2011 First Quarter Earnings Soar
Russian mining company Mechel OAO (MTL) recorded a net income of $309.1 million in first quarter 2011 comprehensively beating last year’s consolidated net income of $82.6 million, a jump of 274.3% year over year. Revenues...1Jul2011 | vitalstocks | 0 comments | Continued
(HSC) Harsco Corporation Wins Contracts From JSW Steel
Harsco Corporation (HSC) has won two major new environmental solutions contracts from JSW Steel Ltd valued at $135 million. The tenure of the contract is 10 years. JSW Steel, a part of O.P. Jindal Group, is acknowledged as one...26Jun2011 | vitalstocks | 0 comments | Continued
(AKS) AK Steel Holding To Buy Raw Material
With the gradual increase in the iron ore and coking coal prices due to increase in demand, AK Steel Holding Corporation (AKS) might consider obtaining raw material assets from outside. Acquiring pieces and parts of raw materials will...24Jun2011 | vitalstocks | 0 comments | Continued
(NUE) Nucor Analyst Maintains Neutral on Shares
We maintain our neutral recommendation on Nucor Corporation (NUE) as the company’s focus has been on profitable growth through acquisitions over the past several years. Nucor plans to continue to seek attractive opportunities to...23Jun2011 | vitalstocks | 0 comments | Continued
(SID) Rio Tinto to Buy Tata’s Riversdale Stake
Recently, Rio Tinto plc (RIO) received a nod from the Indian Steel major Tata Steel to buy 26% stake in its coal mining company, Riversdale in an open offer of AUD 16.5 per share, or roughly $17.36 per share. The deal is valued at...23Jun2011 | vitalstocks | 0 comments | Continued