US steel

For the US Steel Industry, China’s No Longer the Villain!

For a long time, US steel producers blamed Chinese steel exports for depressing prices. However, Chinese exports have fallen sharply this year.
China November trade data

China Trade Data Shows Trade Surplus Narrowed

Today, China released its November trade data. The data has assumed even greater significance amid the US-China trade war and China’s slowdown concerns.
CLF-AKS merger

CLF and AKS Merger: Could Goncalves Be the X Factor?

Apart from all of the synergies and strategic rationales, CLF’s current management team, especially Goncalves, might be the X factor for the transaction.
Alcoa AA

Alcoa’s Transformation Is Still a Work in Progress

Alcoa has lost more than a quarter of its market capitalization this year. Aluminum and alumina prices have been weak, which impacted aluminum producers.
CLF buys AKS

CLF Acquires AKS: A Match Made in Heaven?

Yesterday, Cleveland-Cliffs (CLF) announced that it would acquire AK Steel (AKS) at a premium of 16% over both stocks’ December 2 closing prices.
US steel stocks

US Steel Stocks: Can Trump Play ‘Santa’ Yet Again?

President Trump tweeted that the Section 232 steel and aluminum tariffs would be restored for Brazil and Argentina. Could this Santa Claus rally continue?
Global steel production

Why Global Steel Production Fell in October

Yesterday, the World Steel Association released data that showed global steel production falling YoY (year-over-year) in October.
CLF stock US steel imports

CLF Might Benefit, US Steel Imports Tumble

Cleveland-Cliffs (CLF) stock has risen 12.7% this month. The stock has risen 9.2% YTD (year-to-date) based on its closing prices on Tuesday.
US steel

Is the US Steel Industry Finally ‘Thriving’ This Month?

Based on yesterday’s closing prices, U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE) were up 20.2%, 14.8%, and 3.8%, respectively, this month.