Articles related to United States Steel |
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| 24hGold - Yahoo |
U.S. Steel (X) States Ratification of Labor Agreements |
United States Steel Corporation X and its subsidiary, U. S. Steel Tubular Products, Inc., have declared the ratification of new collective bargaining agreements (spanning a period of three years) by its United Steelworkers (“USW”)-represented employees. The agreements cover about 18,000 employees at the company's domestic flat-rolled and iron ore mining facilities as well as tubular operations in Fairfield, AL, Lorain, OH and Lone Star, TX. The agreements, effective retroactive to Sep 1, incluTuesday, February 2, 2016 |
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| 24hGold - Publicnow |
U. S. Steel and Its U. S. Steel Tubular Products, Inc. Subsidiary Announce Ratification of New Collective Bargaining Agreements by United Steelworkers-Represented Employees |
PITTSBURGH, Feb. 1, 2016/PRNewswire / -- United States Steel Corporation (NYSE: X) and its U. S. Steel Tubular Products, Inc. subsidiary today announced that its United Steelworkers-represented employees have ratified new three-year collective bargaining agreements. The agreements cover approximately 18,000 employees at the company's domestic flat-rolled and iron ore mining facilities as well as tubular operations in Fairfield, Ala., Lorain, Ohioand Lone Star, Texas.
'We are pleased with the oMonday, February 1, 2016 |
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| 24hGold - Yahoo |
Argus Downgrades US Steel: Here's Why |
Shares of United States Steel Corporation (NYSE: X) have declined 71.5 percent over the past year, almost touching their 52-week low on Wednesday at $6.67.
Argus’ David Coleman has downgraded the rating on the company to Hold.
The downgrade is based on the weak outlook for 2016, with Coleman expecting the company to continue to face challenges through the year.
Analyst David Coleman believes that the shares “could fall toward $4 if commodity prices continue to trend lower over the next fThursday, January 28, 2016 |
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| 24hGold - Yahoo |
COAL How Will the Sale of Coal Assets Impact Cliffs Natural Resources |
What to Expect from Cliffs Natural Resources’ 4Q15 Earnings(Continued from Prior Part) Sale of coal assets
On December 22, 2015, Cliffs Natural Resources (CLF) announced the sale of its remaining coal assets, Pinnacle Mine in West Virginia and Oak Grove Mine in Alabama, to Seneca Coal Resources. The transaction price is $268 million, which involves the assumption of liabilities associated with this business by the buyer. It does not involve any other cash inflow to Cliffs Natural Resources exceWednesday, January 27, 2016 |
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| 24hGold - Associated Press |
US Steel shares drop after big 4Q loss |
PITTSBURGH (AP) -- United States Steel Corp. on Tuesday reported a fourth-quarter loss of $999 million, reversing a profit a year ago, as revenue plunged 37 percent and the company blamed cheap subsidized imports for hurting the price of flat-rolled steel.
The Pittsburgh-based company said it had a loss of $6.83 per share, versus a profit of $1.83 per share a year ago. Losses, excluding costs such as the major write-down of its deferred tax assets, came to 23 cents per share.
Tuesday, January 26, 2016 |
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| 24hGold - Publicnow |
United States Steel Corporation Declares Dividend |
01.26.2016
PITTSBURGH, Jan. 26, 2016/PRNewswire / -- United States Steel Corporation (NYSE: X) announced today that its Board of Directors declared a dividend of five centsper share on U. S. Steel Common Stock. The dividend is payable March 10, 2016, to stockholders of record at the close of business February 11, 2016.
United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 200 company with major operations in the United StatesanTuesday, January 26, 2016 |
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| 24hGold - Publicnow |
United States Steel Corporation Reports 2015 Fourth Quarter and Full-Year Results With Strong Liquidity and Positive Operating Cash Flow Under Challenging Market Conditions |
PITTSBURGH, Jan. 26, 2016 /PRNewswire / -- United States Steel Corporation (NYSE: X) reported a full-year 2015 net loss of $1.5 billion, or $10.32per diluted share, which included items totaling $1.2 billion, or $8.53per diluted share, that were excluded to arrive at adjusted net loss of $262 million, or $1.79per diluted share. These adjustments consist of charges of $426 million, or $2.92per diluted share, primarily due to non-cash charges for restructuring and other strategic actions, a chargeTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
Zacks Industry Outlook Highlights: Steel Dynamics, United States Steel, ArcelorMittal, AK Steel Holding and Nucor |
Chicago, IL – January 26, 2016 – Today, Zacks Equity Research discusses the Steel (Part 3), including Steel Dynamics Inc. (STLD), United States Steel Corp. ( X), ArcelorMittal (MT), AK Steel Holding Corporation (AKS) and Nucor Corporation (NUE). Industry: Steel (Part 3) Link: https://www.zacks.com/commentary/69183/what39s-going-against-the-steel-industry The steel industry is poised to benefit from solid demand in the U.S and emerging markets like India. But steel stocks have to grapple withTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
Zacks Industry Outlook Highlights: Steel Dynamics, United States Steel, ArcelorMittal, AK Steel Holding and Nucor |
Chicago, IL – January 26, 2016 – Today, Zacks Equity Research discusses the Steel (Part 3), including Steel Dynamics Inc. (STLD), United States Steel Corp. ( X), ArcelorMittal (MT), AK Steel Holding Corporation (AKS) and Nucor Corporation (NUE). Industry: Steel (Part 3) Link: https://www.zacks.com/commentary/69183/what39s-going-against-the-steel-industry The steel industry is poised to benefit from solid demand in the U.S and emerging markets like India. But steel stocks have to grapple withTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
Does Cliffs Natural Resources’ High Debt Mean More Trouble Ahead |
What to Expect from Cliffs Natural Resources’ 4Q15 Earnings(Continued from Prior Part) Liquidity
Cliffs Natural Resources (CLF) ended 3Q15 with $270 million in cash and cash equivalents. At the end of the third quarter, the company didn’t have any borrowings on its asset-based lending facility, which has a borrowing limit of about $255 million.
The company’s management mentioned during the earnings call that liquidity would remain the key focus, particularly as the company headed into the wintTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
Could Cliffs Natural Resources’ US Volumes Fall below Estimates |
What to Expect from Cliffs Natural Resources’ 4Q15 Earnings(Continued from Prior Part) US volumes
In its 3Q15 results, Cliffs Natural Resources (CLF) downgraded its 2015 volume guidance for the U.S. Iron Ore, or USIO, division from 19 million tons to 17.5 million tons. This was mainly to reflect the termination of the Essar Steel Algoma pellet sale and purchase agreement in October. Cliffs had already downgraded guidance due to lower capacity utilization among US (SPY) steel mills. In November,Tuesday, January 26, 2016 |
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| 24hGold - Yahoo |
Why Steel Stocks Could Add Resilience to Your Portfolio |
Over the past few years, the steel industry has reaped the benefits of accelerating growth in developing economies. This helped steel makers to offset the slowdown in the mature, developed nations of the world. Asia and in particular China remained the principal growth driver. However, the current scenario is slightly concerning with the conventional growth engine, China, adding an element of uncertainty to the outlook. Nevertheless, there are plenty of reasons to be optimistic about theFriday, January 22, 2016 |
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| 24hGold - Yahoo |
Zacks Industry Outlook Highlights: United States Steel, ArcelorMittal, Steel Dynamics, AK Steel Holding and Nucor |
Chicago, IL – January 22, 2016 – Today, Zacks Equity Research discusses the Steel, including United States Steel Corp. (X), ArcelorMittal (MT), Steel Dynamics Inc. (STLD), AK Steel Holding Corp. (AKS) and Nucor Corporation ( NUE). Industry: Steel Link: https://www.zacks.com/commentary/68925/steel-industry-stock-outlook---jan-2016 The year that went by was the most turbulent for the steel industry since the global financial crisis of 2008–2009. While the automobile and construction sectors coFriday, January 22, 2016 |
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| 24hGold - Yahoo |
5 Bottom Fisher Nightmares (And 1 Dream Stock) |
Investors are wondering when the pain is going to end. The S&P 500 has plummeted more than 10% since late December to trade at levels not seen since late 2014. That's a full-blown correction in just over three weeks' time. It's hard not to let your emotions get the best of you in a time like this, which is why many investors panic and rush for the exits, willing to sell at any price. They often end up regretting their rashness when stocks bounce back from oversold levels. Even if the market doesFriday, January 22, 2016 |
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| 24hGold - Yahoo |
Low Steel Prices May Hurt Cliffs Natural Resources’ USIO Division |
What to Expect from Cliffs Natural Resources’ 4Q15 Earnings(Continued from Prior Part) Realized revenues
In 3Q15, Cliffs Natural Resources’ (CLF) realized revenues from its USIO, or U.S. Iron Ore, division were lower than expected. The USIO division reported revenue realization of $76.50 per ton in 3Q15 compared to $100.70 per ton in 3Q14.
Average realized prices were negatively affected to an extent of $24.20 per ton on a year-to-date basis. This was mainly due to lower hot rolled steel priceFriday, January 22, 2016 |
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| 24hGold - Yahoo |
Cliffs Natural Resources: 4Q15 Market Expectations |
What to Expect from Cliffs Natural Resources’ 4Q15 Earnings(Continued from Prior Part) Analysts’ recommendations
The market has become more bearish on Cliffs Natural Resources (CLF). Of 15 analysts covering the company, eight have given it a “hold” recommendation, and seven have given it a “sell” recommendation. The stock has received no “buy” recommendations. The average target price for CLF is $1.8.
In comparison, Nucor Corporation (NUE) and Steel Dynamics (STLD) have received 63% and 89% “bFriday, January 22, 2016 |
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| 24hGold - Yahoo |
Steel Industry Stock Outlook - Jan. 2016 |
The year that went by was the most turbulent for the steel industry since the global financial crisis of 2008–2009. While the automobile and construction sectors continue to support demand, the steel industry is currently facing three major headwinds: falling prices, economic slowdown in China and foreign steel imports into the U.S. Steel companies saw their market capitalizations dwindle to unprecedented levels in 2015 with the likes of United States Steel Corp. (X), ArcelorMittal (MT), SteelThursday, January 21, 2016 |
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| 24hGold - Yahoo |
What to Look for in Cliffs Natural Resources’ 4Q15 Results |
What to Expect from Cliffs Natural Resources’ 4Q15 Earnings Upcoming 4Q15 results
Cliffs Natural Resources (CLF) will release its 4Q15 results before the US market opens on January 27, 2016. A conference call with securities analysts and institutional investors will take place at 10:00 a.m. EST on January 27 to discuss the results. In this series, we’ll provide a preview of the earnings and management call. This preview will allow you to compare the company’s actual performance with analysts’ eTuesday, January 19, 2016 |
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| 24hGold - Yahoo |
What to Look for in Cliffs Natural Resources’ 4Q15 Results |
What to Expect from Cliffs Natural Resources’ 4Q15 Earnings Upcoming 4Q15 results
Cliffs Natural Resources (CLF) will release its 4Q15 results before the US market opens on January 27, 2016. A conference call with securities analysts and institutional investors will take place at 10:00 a.m. EST on January 27 to discuss the results. In this series, we’ll provide a preview of the earnings and management call. This preview will allow you to compare the company’s actual performance with analysts’ eTuesday, January 19, 2016 |
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| 24hGold - Noodls |
U. S. Steel Conference Call Available On Company Website |
PITTSBURGH, Jan. 4, 2016/PRNewswire / -- United States Steel Corporation (NYSE: X) announced today that interested stockholders, investors and others may listen to the company's fourth quarter and full year 2015 conference call with securities analysts on Wednesday, January 27, 2016, at 8:30 a.m. EST. The call, which will be available via the U. S. Steel website, will cover fourth quarter and full year 2015 financial results and may include forward-looking information. The company plans to releaMonday, January 4, 2016 |
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