Steel

It appears for a second - then vanishes forever. I'm talking about something called a "ghost order." It's when an institutional trader - or computer trading by proxy - enters an order and immediately cancels it. Even though stock orders are frequently submitted and then...

It appears for a second - then vanishes forever. I'm talking about something called a "ghost order." It's when an institutional trader - or computer trading by proxy - enters an order and immediately cancels it. Even though stock orders are frequently submitted and then...

For Immediate Release Chicago, IL –September 17, 2010 – Zacks Equity Research highlights: Acergy (ACGY) as the Bull of the Day and Safeway (SWY) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on WellPoint (WLP), Aetna (AET) and AK Steel Holding Corporation (AKS). Here...

Brazilian steel producer Gerdau S.A.'s (GGB) wholly-owned subsidiary Gerdau Ameristeel entered into a definitive agreement with Ameron International, Tokyo Steel and Mitsui & Co. (U.S.A.) to acquire all the issued and outstanding shares of TAMCO in a cash transaction worth approximately US$165...

Shares of steel maker AK Steel Holding Corporation (AKS) slipped 5.71% or 83 cents and closed at $13.70 on September 15, 2010 after the company forecasted operating losses in the third quarter of 2010. AK Steel foresees operating losses of $20 per ton in the third quarter in contrast to its...

If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. Conditional launch date should be late October to mid November 2010. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked...

First came Nucor (NYSE: NUE). Then came Steel Dynamics (NASDAQ: STLD). Then came AKS Steel (NYSE: AKS). One by one, these U.S. steelmakers lowered their guidance for the third quarter. Nucor cited weak demand in the construction sector, Steel Dynamics said results would be hurt by reduced margins...

Shares of Nucor Corporation (NUE), the largest recycler of steel scrap in the US, fell 3.07% or $1.25 and closed at $39.41 on September 14, 2010 after projecting a weak third quarter 2010 guidance. Nucor stated that the ongoing slowdown across its product lines, especially in the flat rolled...

Steel Dynamics Inc. (STLD), one of the leading steel producers in the US, forecasts a bleak third quarter for 2010. The company expects subdued performance in the Steel segment to impact results negatively in the upcoming quarter. It foresees net earnings of a meager 5 to 10 cents per share. Lower...

AK Steel (NYSE: AKS) today said it is revising its outlook for the third quarter of 2010, which was originally issued with its second quarter 2010 earnings results on July 27, 2010. The company's revised third quarter outlook primarily reflects costs associated with the acceleration of planned...

Steel Dynamics (NASDAQ: STLD) is halted, and will resume trading at 4:45 p.m., after the company lowered its third quarter guidance. The company now expects earnings of 5 to 10 cents per share, significantly down from its second quarter earnings of 22 cents per share. Steel Dynamics finished the...

Today Steel Dynamics, Inc. (Nasdaq: STLD) announced that its board of directors has declared a quarterly cash dividend of $0.075 per common share, payable on or about October 14, 2010, to shareholders of record at the close of business on September 30, 2010. The company also indicated that it...

Iron mining giant, Cliffs Natural Resources Inc. (CLF) updated its 2010 North American Coal outlook. The company’s revised full-year 2010 North American Coal sales volume is 3.9 million tons including about 3.4 million tons of metallurgical coal and 500,000 tons of thermal coal. The sales guidance...

The market is a freight train right now - all news is good news, and days there is no news the market also goes up.  It seems very likely that we are going to levitate to S&P 1130 no matter what at this point because the computers have deemed it so. It is nearly impossible to buy anything since...

Nucor Corporation (NYSE: NUE) announced today guidance for its third quarter ending October 2, 2010. Nucor expects third quarter results to be in the range of $0.05 to $0.10 per diluted share, compared to earnings of $0.29 per diluted share in the second quarter of 2010, $0.10 per diluted share...