steel industry

AK Steel Holding Corporation (NYSE: AKS) reported fourth-quarter results beofre the open Tuesday that showed a wider loss on a reported basis and a swing to a loss on an adjusted basis. Sales were up 5 percent to $1.5 billion. The stock closed down 13 percent Tuesday.  The Analyst...

President-elect Donald Trump's plans for increased infrastructure spending and trade protection could boost demand for steel on the one hand and curb import supply on the other, thereby resulting in significant undersupply in the U.S. steel market, Morgan Stanley’s Evan L Kurtz said in a...

In a new report, EY analyst Anjani Agrawal discusses the struggling global steel industry. The Market Vectors Steel ETF (NYSE: SLX) has fallen 45.1 percent in the past year, and steel stocks Unites States Steel Corporation (NYSE: X), AK Steel Holding Corporation (NYSE: AKS) and Cliffs...

Analysts at Goldman Sachs on Tuesday released a specialty report on steel. The analysts, led by Sal Tharani said that a growing demand from the automotive and aerospace industries will change the composition of the steel market. “We believe gradual conversion of automotive exposed body to...

ArcelorMittal (NYSE: MT) is the world's largest steel company, and it is a mess. It expanded at the worst possible time and its shareholders have paid the price. The company's stock plunged during the Great Recession -- from over $100 in June 2008 to under $18 now. It has started to recover, up...