Steel

Cliffs Natural Resources (NYSE: CLF) announced today that a subsidiary of the Company and its joint venture partner, HWE Cockatoo, and Cockatoo Mining have entered a term sheet with Pluton Resources to sell its beneficial interest in the mining tenements and certain infrastructure of its Cockatoo...

Cliffs Natural Resources Inc. (NYSE: CLF) announced today that the Company has concluded its local issue bargaining with the United Mine Workers, on the new five-and-a-half year labor contract that will cover approximately 800 UMW workers at Cliffs' Pinnacle and Oak Grove mines in West Virginia and...

The major stock indexes were all trading lower on the day before the ISM data was released. Once the ISM number was released the major stock indexes surged sharply higher. The Institute for Supply Management said that the index declined to 50.6% in August from 50.9% in July. While this ISM number...

Shares of Companhia Siderurgica Nacional (NYSE: SID) are lower on the session by 0.55%, currently trading at $9.88. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short...

Vera Bradley (NASDAQ: VRA) +11.22% on upbeat earnings reported yesterday. Sprint Nextel (NYSE: S) +7.61% after the news that the U.S. files to block AT%T/T-Mobile merger. The Fresh Market (NASDAQ: TFM) +9.64% on upbeat earnings reported this morning. Genesco (NYSE: GCO) +8.90% on upbeat...

AK Steel (NYSE: AKS) said today that it will increase current spot market base prices for all carbon flat-rolled steel products effective immediately with new orders. Base prices will increase by $40 per ton for hot rolled and cold rolled carbon steel products, and by $50 per ton for coated carbon...

Piper Jaffray downgraded Cognex Corporation (NASDAQ: CGNX) from “overweight” to “neutral.” CGNX's shares closed at $35.75 yesterday. Cognex's trailing-twelve-month ROA is 10.24%. Steel Dynamics Inc (NASDAQ: STLD) was downgraded by Goldman Sachs from "buy" to "neutral." STLD's shares closed at $12....

ONEOK Inc (NYSE: OKE) surged 12.02% to $79.50 in the pre-market session. OKE's trailing-twelve-month revenue is $13.68 billion. Joy Global Inc (NASDAQ: JOYG) moved up 4.19% to $86.00 in the pre-market session. JOYG reported a 46% surge in its fiscal third-quarter profit and raised its forecast for...

Analysts at Piper Jaffray upgraded CNinsure Inc (NASDAQ: CISG) from “underweight” to “neutral.” CISG's shares closed at $10.38 yesterday. CNinsure's PEG ratio is 0.29. Analysts at Goldman Sachs upgraded Century Aluminum (NASDAQ: CENX) from “sell” to “neutral.” CENX's shares closed at $11.79...

Goldman Sachs has downgraded Worthington Industries (NYSE: WOR) from Neutral to Sell.

Goldman Sachs has upgraded Reliance Steel & Aluminum (NYSE: RS) from Neutral to Buy.

Goldman Sachs has downgraded Steel Dynamics (NASDAQ: STLD) from Buy to Neutral.

Genworth Financial Inc (NYSE: GNW) fell 7.54% to $6.50 in the pre-market trading. GNW shares have dropped 33.62% over the past 52 weeks, while the S&P 500 index has gained 15.36% in the same period. Carnival Corporation (NYSE: CCL) dipped 1.55% to $32.44 in the pre-market session. CCL's...

Sutor Technology Group Limited (Nasdaq: SUTR) today announced that its Board of Directors has authorized the repurchase of up to $5 million of its outstanding common stock through August 31, 2012. The Company is authorized to repurchase, in accordance with applicable federal securities laws, in...

This is your Benzinga news summary and traders' outlook for Tuesday, August 30, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, S&P futures are down by about 5 points or (0.43...