ArcelorMittal SA

U.S. Steel has bounced back from its 52-week low. In fact, most steel company earnings have been better than analyst expectations.

Cliffs’ results were a miss primarily on lower-than-expected realized revenues for its USIO segment. US iron ore’s realized revenues were $78.30 per ton in 2Q15, compared with $106.80 per ton in 2Q14.

Cliffs Natural Resources announced its 2Q15 earnings on July 29, and its results missed market expectations this time. Cliffs offered positive results six out of the last eight times.

According to Nucor “Empowerment isn’t a corporate buzzword—it’s a way of life.”

While China’s official PMI held above 50 for two consecutive months, the PMI figures released by HSBC Markit paint a grim picture of China’s economy.

While iron ore prices crashed, production costs for iron ore haven’t come down. Steel plays’ mining operations have been hit by the fall in iron ore prices.

The difference between Chinese and US steel prices is still quite high to encourage imports. Marginal narrowing of the price difference won’t deter imports.

China’s shadow banking includes the trust sector, the off balance sheet lending by commercial banks, and financing vehicles of commercial banks.

Steel prices tend to move in tandem with capacity utilization rates. Steel prices are a key factor affecting performance, directly impacting the revenues of companies.

U.S. Steel Corporation’s stock has surged in the past few months, delivering more than 150% growth in the last year.

Nucor recently started production at its DRI plant in Louisiana.

After trying its hands at various businesses, the company finally consolidated the operations in 2001.

Since the products are similar, the switching costs aren’t very high for buyers.

In 2007, the newly merged ArcelorMittal continued its expansion strategy by announcing 35 transactions worldwide.