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Dollar Pulls Back, Commodity Stocks Stay Hot
Thursday, December 2, 2010 - 1:09pm | 678Commodity stocks remain extremely hot in the current market. From copper and gold, all the way to steel and molybdenum. Stocks like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) are at 52 week highs while even stocks like United States Steel Corporation (NYSE: X) has broken dramatically...
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AK Steel Announces Surcharges for Electrical and Stainless Steels
Thursday, December 2, 2010 - 11:53am | 33AK Steel (NYSE: AKS) has advised its customers that a $290 per ton surcharge will be added to invoices for electrical steel products shipped in January 2011.
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Top Performing Industries For December 2 (WBD, CRH, LOW, SMS)
Thursday, December 2, 2010 - 11:34am | 196At 10:29 am, the Dow gained 0.69% to 11,333.16, the broader Standard & Poor's 500 index moved up 0.80% to 1,215.67 and the NASDAQ composite index rose 0.65% to 2,565.90. The industries that are driving the market today are: Dairy Products: This industry jumped 17.87% by 10:29 am. The top stock...
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Unconfirmed Rumors circulate that Nucor Corporation (NUE) will acquire Olympic Steel Inc. (ZEUS) at $33.00 a share
Thursday, December 2, 2010 - 10:32am | 30Unconfirmed Rumors circulate that Nucor Corporation (NUE) will acquire Olympic Steel Inc. (ZEUS) at $33.00 a share.
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U. S. Steel Executive VP, COO to Retire
Thursday, December 2, 2010 - 9:36am | 40United States Steel Corporation (NYSE: X) today announced that Executive Vice President and Chief Operating Officer John H. Goodish has elected to retire effective Dec. 31, 2010, after 40 years of service with the company.
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U. S. Steel and Kobe Steel Announce $400M Investment in PRO-TEC
Thursday, December 2, 2010 - 8:46am | 111United States Steel Corporation (NYSE: X) and Kobe Steel, Ltd. announced today that they have reached an agreement for their joint venture, PRO-TEC Coating Company in Leipsic, Ohio, to begin construction on a continuous annealing line at the facility. The project is expected to increase the joint...
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China Imports Five Times More Gold
Thursday, December 2, 2010 - 2:00am | 350Just last week we highlighted how India and China are driving global gold demand (Read: India and China Continue to Drive Global Gold Demand) but it appears demand from China is even stronger than we thought. Statistics released today by the Shanghai Gold Exchange show that China's gold imports...
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Top 4 Stocks In The Steel & Iron Industry With The Highest Operating Margin (GNI, VALE, SID, RIO)
Wednesday, December 1, 2010 - 5:49am | 129Below are the top steel & iron stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Great Northern Iron Ore Properties (NYSE: GNI) is 81.26%. GNI's quarterly earnings jumped 306.40% y/y. The trailing-twelve-month operating margin at VALE...
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AK Steel Holding Corp. (AKS) - Bear of the Day
Wednesday, December 1, 2010 - 3:03am | 216We are downgrading AK Steel (AKS) to Underperform from our previous Neutral recommendation and lowering our target price to $12.00 from $15.00. AK Steel recorded a third quarter net loss that was significantly wider than the Zacks Consensus Estimate. Higher input costs, particularly iron ore, are...
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Fast Money Picks For December 1st (F, GM, TEF, FDX, X)
Tuesday, November 30, 2010 - 8:06pm | 192On CNBC's Fast Money, Joe Terranova recommended investors to buy Ford Motor Company (NYSE: F), and General Motors Company (NYSE: GM). He likes the price action in these stocks. Ford (F) fell 0.75% today, and General Motors (GM) gained 1.18%. Guy Adami thinks that Freeport-McMoRan Copper & Gold...
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Daewoo Expands in Indonesia - Analyst Blog
Tuesday, November 30, 2010 - 8:00pm | 399Daewoo International signed a contract with the Indonesian Defense Ministry to supply $700 million worth of 6x6 light-armored vehicles to the Indonesian Army. The production will commence at Doosan DST. The contract is likely to increase opportunities for POSCO (PKX) to export light-armored...
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AK Steel Holding Corp. (AKS) - Bear of the Day
Tuesday, November 30, 2010 - 8:00pm | 216We are downgrading AK Steel (AKS) to Underperform from our previous Neutral recommendation and lowering our target price to $12.00 from $15.00. AK Steel recorded a third quarter net loss that was significantly wider than the Zacks Consensus Estimate. Higher input costs, particularly iron ore, are...
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Asia, Europe, U.S. Dollar & QE-2 Make the World Go Around - Voice of the People
Tuesday, November 30, 2010 - 6:00pm | 849Zacks' Voice of the People Highlights user inthemoneystocks: "Asia, Europe, U.S. Dollar & QE-2 Make the World Go Around" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Asia, Europe, U.S. Dollar & QE-2 Make the World Go...
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AK Steel to Increase Price For Carbon Steel Products
Tuesday, November 30, 2010 - 4:11pm | 74AK 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 for carbon flat-rolled products will increase by $40 per ton. AK Steel said that the price increase is in response to...
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Daewoo Expands in Indonesia - Analyst Blog
Tuesday, November 30, 2010 - 2:27pm | 399Daewoo International signed a contract with the Indonesian Defense Ministry to supply $700 million worth of 6x6 light-armored vehicles to the Indonesian Army. The production will commence at Doosan DST. The contract is likely to increase opportunities for POSCO (PKX) to export light-armored...