Tag: trump tariffs

There have been reports of several layoffs in the US steel industry this year, in contrast to last year's news of plant restarts and new plants.

US-China trade optimism has lifted markets this month. However, the Shanghai Composite and Hang Seng indexes fell sharply today.

China’s slowdown has worsened since the US-China trade war erupted last year. The producer price inflation data released today showed a worsening slowdown.

The metals and mining sector has been weak this year. Freeport-McMoRan (FCX) and Alcoa (AA) have underperformed the broader market.

Optimism about the US-China trade deal has lifted markets over the last month. The general perception is that a trade deal would boost the global economy.

U.S. Steel stock (X) is trading with sharp gains today after the company released its Q3 earnings. Here's why the market is so optimistic about X.

U.S. Steel’s third-quarter earnings are scheduled for today after the markets close. The company's third-quarter profitability could fall sharply.

AK Steel (AKS) stock was trading deep in the red in after-market trade on Wednesday. Based on the YTD price action, the stock is outperforming its peers.

Things could turn around for the US steel sector, with mills pushing for price hikes. Earnings results this week could also surprise positively.

The US-China trade war has amplified China’s slowdown. Over the weekend, China released its September industrial profits data.