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Terra Systems, Inc., Utah State University and Nucor Corp. Start Clean Coke Testing
Tuesday, September 14, 2010 - 8:35am | 79Terra Systems, Inc. (TSYI) announced that it has received a grant from Utah State University Energy Dynamics Laboratory to fund the start up of its clean coke testing facility. Terra Systems has received a purchase order form Nucor Corporation Inc. (NYSE: NUE) to produce a pilot run to be tested...
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CSN to Redeem 9.50% Perpetual Bonds - Analyst Blog
Monday, September 13, 2010 - 2:39pm | 455Companhia Siderurgica Nacional (SID), or CSN has chosen to fully redeem all its 9.50% Guaranteed Perpetual Bonds resulting in the payment of principal amount of US$750 million along with accrued and unpaid interest. The Bonds were issued in 2005 through CSN's wholly owned subsidiary CSN Islands...
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SID to End Railway Project in 2012 - Analyst Blog
Monday, September 13, 2010 - 9:45am | 542Companhia Siderurgica Nacional (SID), one of the leading Brazilian steel makers, announced that it expects its Transnordestina railway and logistics project to be fully operational by the end of 2012. The $2.6 billion project will enable CSN to transport over 30 million tons of cargo annually in...
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Mechel Reports Raising US$2bln Pre-Export Finance Facility
Monday, September 13, 2010 - 9:15am | 109Mechel OAO (NYSE: MTL) raised the US$2bln pre-export facility. The new facility is split between the borrowers in mining, steel and ferroalloy divisions of Mechel Group and is drawn in two tranches, a 3-year and a 5-year one. Repayment will be done by monthly installments after 9 and 15 months...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 6
Monday, September 13, 2010 - 7:30am | 2148Year 4, Week 6 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 66.7% (v 71.4% last week) 22 long bias: 19.4% (v 28.3% last week) 8 short bias: 13.9% (v 0.3% last week) [Note: Long bond and volatility...
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Earnings Scheduled For September 13 (FUL, TRR, MTRX, PCYC, NTSC, MSB, LCI, LRN, GCOM, FEIM, FARM, CHP)
Monday, September 13, 2010 - 7:05am | 326HB Fuller (NYSE: FUL) is likely to post its FQ3 EPS of $0.44 on revenue of $348.50 million. TRC Companies Inc (NYSE: TRR) may report its Q4 loss of $0.13 per share on $56.69 million in revenue. Matrix Service Company (NASDAQ: MTRX) is expected to post its earnings of $0.13 per share for the fourth...
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POSCO Upgraded to Neutral - Analyst Blog
Friday, September 10, 2010 - 5:06pm | 622We recently upgraded our rating for the South Korean steelmaker POSCO (PKX) from Underperform to Neutral considering the benefits expected from the company’s wide regional diversification and higher proportion of value-added products in its product mix. We believe the company stands well...
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Benzinga's Political Round Up
Friday, September 10, 2010 - 2:29pm | 187U.S. Steelworkers filed a complaint with U.S. trade officials yesterday, claiming China is unfairly subsidizing its clean-energy technology sector. This severely hurts companies like U.S. Steel (NYSE: X) and Nucor (NYSE: NUE), whose CEO Dan DiMicco advises the White House on manufacturing policy...
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Shanghai Data Moves The Markets
Friday, September 10, 2010 - 10:14am | 284The commodity stocks have been on the weak side over the past two trading days. The pullback in the leading commodity stocks comes as the Shanghai Index(China) sold off by 1.45 percent the other night. There has also been a lot of talk from the leading politicians and the U.S. Treasury Secretary...
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China Commodity Plays Lagging Today (BUCY, JOYG, CLF, X)
Thursday, September 9, 2010 - 11:55am | 114Materials and mining stocks, which are closely tied to the Chinese economy, are taking a breather today. Joy Global (NASDAQ: JOYG) and Bucyrus (NASDAQ: BUCY) are down 0.37% and 0.86%, respectively. However, over the last ten trading sessions, shares of JOYG and BUCY are up 16.9% and 19.6%,...
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Bookkeeping: Another Round of Profit Taking, Especially in "The Generals"
Thursday, September 9, 2010 - 10:13am | 734I am going to continue to sell down exposure in long names - especially as our 'generals' are taken for a ride to the heavens. Most of these I cut back last week as well. Aside from these names I have a few others to sell if the S&P jumps 5-15 more points in the coming hours/days. I am...
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Zacks' Voice of the People highlights opportunities with Southern Copper and AK Steel Holdings - Press Releases
Thursday, September 9, 2010 - 8:42am | 917For Immediate Release Chicago, IL – September 9 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post The Only Chart That Matters Sometimes my own colleagues get tired of my rant about the U.S....
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PKX to Acquire Daewoo International - Analyst Blog
Thursday, September 9, 2010 - 8:12am | 438Korean steel maker, POSCO (PKX) signed an agreement with the creditors of Daewoo International Corp., an energy developing company, for the acquisition of a 68% stake (or 68.7 million shares) by the end of September 2010. The transaction value of KRW 3.37 trillion is 2.5% lower than POSCO’s...
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The Only Chart That Matters - Voice of the People
Thursday, September 9, 2010 - 7:45am | 613Zacks' Voice of the People Highlights user inthemoneystocks: "The Only Chart That Matters" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post The Only Chart That Matters Sometimes my own colleagues get tired of my rant about the U.S...
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Nucor Announces Cash Dividend of $.36
Wednesday, September 8, 2010 - 3:33pm | 51The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.36 per share on Nucor's common stock. This cash dividend is payable on November 11, 2010 to stockholders of record on September 30, 2010, and is Nucor's 150th consecutive quarterly cash...