United States Steel Corp

U.S Steel has embarked on an ambitious transformation plan, which it named “Carnegie Way.”

Demand for OCTG products is expected to be subdued in the coming months. This would continue to put pressure on U.S. Steel’s Tubular segment.

U.S. Steel’s Flat-Rolled segment posted negative EBIT of $24 per ton in 2Q15. This represents a slight improvement over 1Q15 results.

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

Fewer 2Q15 shipments from U.S. Steel are attributable to its high exposure to the energy sector. The company’s steel product shipments fell steeply in 2Q15.

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.”

US Steel’s 1Q earnings results came in lower than analyst estimates, and the company’s share price tanked more than 10%.

Steel prices crashed by almost two-thirds at the peak of the global financial crisis in 2009. Last year, they dropped by 10%.

Steel scrap prices fell by ~20% in 2014. Lower steel scrap prices should bring down unit production costs for steel plays.

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.