Watchlist

Watchlist
ArcelorMittal (MT)
Gerdau/CMC Transaction: Who Walks Away The Winner?
The rampant bullishness by many in the domestic steel industry remains palpable, and I believe the strength in equity pricing over the past eighteen months has taken even the most bullish of corporate management teams by surprise. Pointing to that, there was a wave of secondary public offering…
Steelmaker price hike likely on scrap inflation, Jefferies says
Conversations with recyclers indicate January U.S. scrap prices should rise by as much as $30/ton sequentially, with sentiment for steelmakers positive into the new year, Jefferies analysts say. More news on: Steel Dynamics, Inc., United States Steel Corporation, Nucor Corporation, Commodi…
U.S. Steel Imports Have Boomed Instead Of Fallen This Year
Original Post By Stuart Burns It is often easier to criticize from the outside than to resolve from within - that is as true of boardrooms as it is of government. It should come as no surprise that President Trump's well-intentioned claims during his election campaign to bring Amer…
Reuters: ArcelorMittal to sell Piombino steel mill to help clear Ilva deal
ArcelorMittal (NYSE: MT ) has reached a preliminary agreement to sell its steel mill in Piombino, Italy, to help obtain EU clearance for its purchase of Ilva, Europe's largest steel plant, Reuters reports. More news on: ArcelorMittal, Commodities news, Read more …
Iron ore, steel names on the move as iron ore futures jump most in a month
BHPBilliton ( BHP +1.6% ), Rio Tinto ( RIO +1.7% ), Vale ( VALE +3.1% ) and Fortescue Metals ( OTCQX:FSUMF +1.4% ) are all higher after iron ore futures surged 5.5% , the most in a month, on the Dalian Commodity Exchange, while the benchmark price for spot ore delivered to Qin…
ArcelorMittal's Kazakh coal miners end strike
ArcelorMittal ( MT -1.1% ) says hundreds of coal miners in Kazakhstan have ended their sit-in which began Monday and emerged from the mines, following offers of a pay rise and the threat of legal action. More news on: ArcelorMittal, Commodities news, Read more …
FT: China to remove export tax on steel products
Steel and iron ore names are on watch as Financial Times reports China will remove its export tax on steel products , a move that threatens to flood world markets with cheap steel and increase trade tensions. More news on: Nucor Corporation, United States Steel Corporation, AK Steel Hol…
ArcelorMittal's Proposed Takeover Of Ilva Hits A Roadblock
Original post By Stuart Burns ArcelorMittal's (MT) proposed purchase of Italy's troubled Ilva steel plant was hailed by nearly all parties as a successful solution to one of Italy's thorniest and longest-running industrial and environmental problems. The Ilva steel plant has been dog…
Cleveland-Cliffs: Bullishness Misplaced
Cleveland-Cliffs ( CLF ) has had a mixed bag of a year, but on the net, things have not been positive for common stockholders. The balance sheet has been much improved, but it has gotten there through common equity dilution, and management is set to crank up the leverage again to fund new proj…
The Nest Egg Portfolio: Total's $5B + 5% Strategy Protects The Dividend
Introduction After having discussed BT Group ( BT ) a few weeks ago to determine how sustainable its (generous) dividend is, in this weeks edition of the Nest Egg Portfolio I will have another look at Total ( TOT ) to determine how sustainable the dividend of this French inte…
ArcelorMittal (MT)