Steel

United States Steel Corporation (NYSE: X) shares shot higher Friday after the company announced better-than-expected third-quarter financial results. The company reported quarterly earnings of $5.36 per share, beating the estimate of $4.85 per share. The company reported quarterly revenue of $...

A nearly fivefold increase in steel prices is driving railcar owners to scrap older railcars, a trend that could continue into 2022, according to railcar manufacturer Greenbrier. Jay Carter, strategic marketing manager for Greenbrier (NYSE: GBX) estimates that steel prices have risen in recent...

The 2021 surge in steel prices has once again prompted Bank of America to raise its earnings outlook for U.S. steel stocks. EPS Adjustments: On Wednesday, Bank of America analyst Timna Tanners raised her 2021 and 2022 EPS estimates for steel stocks across the board and is now expecting significant...

With the acquisitions of AK Steel and ArcelorMittal USA in 2020, Cleveland-Cliffs Inc (NYSE: CLF) has emerged as the largest producer of steel in North America, according to JPMorgan. The Cleveland-Cliffs Analyst: Michael Glick initiated coverage of Cleveland-Cliffs with an Overweight rating and a...

United States Steel Corporation (NYSE: X) is poised for significant cash flow generation, given the near-term strength in steel prices, according to Morgan Stanley. The U.S. Steel Analyst: Carlos De Alba upgraded the rating for U.S. Steel to Overweight, while revising the price target to $32. The U...

U.S. hot-rolled coil steel prices recently hit all-time highs of $1,300 per short ton. Bank of America analyst Timna Tanners said Wednesday that record prices will generate huge profits for steel mills in the first half of 2021. Heading into first-quarter earnings season, Tanners said investors...

Rob Friesen, president and COO of Bright Trading, discussed market seasonality and the recent run in the markets on Benzinga's "At The Close" YouTube show last week. Bright Trading offers capital, education and professional tools to members looking to start or continue a...

Steel stocks have been heating up this week, with bullish moves in a few tickers. United States Steel Corp. (NYSE: X), Steel Dynamics Inc. (NASDAQ: STLD) and Nucor Corp. (NASDAQ: NUE) are three steel movers. These stocks may be potential long-term investments. Below is a daily...

United States Steel Corporation (NYSE: X) guided to Q1 EBITDA above the consensus estimate, but two-thirds of its sales are on contract, which limits near-term upside potential from record high hot rolled coil (HRC) prices, according to BofA Securities. The US Steel Analyst: Timna Tanners...

Steel stocks United States Steel Corporation (NYSE: X) and Cleveland-Cliffs Inc (NYSE: CLF) are off to a strong start to 2021 as investors anticipate a potential infrastructure spending bill around the corner. GLJ Research analyst Gordon Johnson recently told Benzinga that he is bullish on U.S....

United States Steel Corp. (NYSE: X) shares were trading higher in Monday’s session, potentially due to the Senate’s passage of a COVID-19 stimulus plan. The economic stimulus could raise the demand for industrial metals. Technical Levels To Watch: The...

The Past Week, In A Nutshell What Happened: Last week ended positive alongside progress in stimulus talks. Remember This: “Very rarely in the last 10 years have we seen earnings estimates moving higher after a quarterly reporting season,” said Art Hogan, chief market strategist at...

Cleveland-Cliffs Inc (NYSE: CLF) announced Monday it has signed an agreement to purchase the United States unit of ArcelorMittal S.A. (NYSE: MT). What Happened: The $1.4 billion transaction would be made on a cash-free and debt-free basis with 78.2 million shares of the Cleveland-Cliffs common...

Canada's Deputy Prime Minister Chrystia Freeland warned the U.S. in a statement on Friday that Canada will impose tariffs equivalent to those imposed by the U.S. Freeland denied that Canadian aluminium undermines U.S. national security, called the measures "unwarranted and...

U.S. steel stocks have had a tough run under President Donald Trump, but Bank of America analyst Timna Tanners says things might not get much better for steel stocks if presumptive Democratic nominee Joe Biden wins the White House in November. Biden now has a 20-point lead over Trump,...