Steel

Morgan Stanley has upgraded Nucor Corporation (NYSE: NUE) from Equal-weight to Overweight and has established a $51 price target.

Mechel OAO (NYSE: MTL) announces the launch of the new converter # 2 in Chelyabinsk Metallurgical Plant's oxygen-converter shop. Replacement of the converter #2 is the first stage in the complex reconstruction program for Chelyabinsk Metallurgical Plant's oxygen converter shop. The program,...

Once again, the major stock market indexes have given up the early pre-market gains. The decline in the futures market took place as soon as the U.S. Dollar Index began to trade higher. Traders and investors have seen this inverse relationship between the U.S. Dollar Index and the major stock...

Shares of Companhia Siderurgica Nacional (NYSE: SID) are lower on the session by 0.56%, currently trading at $8.81. 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 puts today. A short...

This morning, the major stock indexes are trading higher on the session. The early stock rally is broad based as most leading stock sectors are trading higher. The leading commodity stocks have faded sharply from their gap higher open. This tells us that the leading commodity stocks are one of the...

Rodman & Renshaw placed their current rating of Market Outperform for General Steel (NYSE: GSI) under review in a research report published today. In the report, Rodman & Renshaw states, "We are putting General Steel's rating under review from our previous rating of Market Outperform based...

Once again, the S&P 500 Index is trading inverse to the U.S. Dollar Index. Traders can clearly look at the chart below and see how the major stock indexes deflate as soon as the U.S. Dollar Index trades higher. While this inverse relationship has been intact for over ten years, it is even more...

Australia's Macarthur Coal, the world's largest maker of pulverized coal for steel production, continues to urge its shareholders to take no action on a $5.2 billion takeover from Peabody Energy (NYSE: BTU) and ArcelorMittal (NYSE: MT), calling the offer “opportunistic” due to a murky regulatory...

Cliffs Natural Resources Inc. (NYSE: CLF) today announced that its Board of Directors has authorized it to repurchase up to four million of its outstanding common shares under a newly authorized share repurchase plan. Laurie Brlas, Cliffs' executive vice president, global finance and...

Here are today's Put/Call Ratio leaders… 1. Logitech International (NASDAQ: LOGI) 3,485 puts, 7 calls 2. ASML Holding (NASDAQ: ASML) 4,002 puts, 33 calls 3. Steel Dynamics (NASDAQ: STLD) 3,772 puts, 132 calls 4. El Paso (NYSE: EP) 15,471 puts, 1,302 calls 5. Texas Instruments (NYSE: TXN) 3,260...

This morning, all of the major stock indexes are trading sharply higher. Traders and investors are in jubilee mode as there were a few take over announcements before the opening bell. Obviously, the major news was the Google Inc.(NASDAQ: GOOG) buyout of Motorola Mobility Holdings Inc.(NYSE: MMI)...

At 10:05 am, the Dow rose 1.13% to 11,396.40, the broader Standard & Poor's 500 index moved up 1.29% to 1,194.01 and the NASDAQ composite index gained 1.03% to 2,533.70. The industries that are driving the market today are: Diversified Communication Services: This industry jumped 6.83% by 10:...

KeyBanc Capital Markets has downgraded Metals USA Holdings (NYSE: MUSA) and AK Steel (NYSE: AKS) from Buy to Hold.

Steel stocks, which have been destroyed over the past two weeks, are building upon yesterday's gains in today's early action. Shares of United States Steel (NYSE: X), which have lost 26% over the past 14 sessions, are currently trading up 2.7% from yesterday's close to $31.40. The stock had...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that AK Steel Holding (NYSE: AKS) is not “as good as Nucor (NYSE: NUE). If you like steel, Nucor is the one you want." Cramer believes that WisdomTree Investments (NASDAQ: WETF) is a “good company. They do the good kind of ETF's....