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Morgan Stanley upgraded Bluescope Steel to Equal Weight from Underweight with a price target of A$22, up from A$18.50. A 'meaningful reduction' to first half of 2025 guidance was 'disappointing,' [...]

Harsco Environmental, a division of Enviri Corporation, announced that it has signed a 10-year services contract with Nucor Steel Kingman in Arizona, a leading manufacturer of steel and steel products. [...]

Linde announced that it has signed agreements to de-captivate two air separation units, or ASUs, and expand its existing supply of industrial gases to Tata Steel Limited in Odisha, India. [...]

Bullish option flow detected in US Steel with 9,215 calls trading, 1.0x expected, and implied vol increasing almost 9 points to 64.14%. Nov-24 44 calls and May-25 55 calls are [...]

Steel Dynamics' VP James Anderson disclosed the sale of 10,000 shares of company stock at $129.55 per share on October 22, for a total transaction amount of [...]

Seaport Research raised the firm's price target on Steel Dynamics to $150 from $132 and keeps a Buy rating on the shares. The firm remains constructive on the stock given [...]

BMO Capital analyst Katja Jancic raised the firm's price target on Steel Dynamics to $135 from $130 and keeps a Market Perform rating on the shares after its Q3 earnings [...]

BMO Capital analyst Katja Jancic raised the firm's price target on Steel Dynamics to $130 from $127 and keeps a Market Perform rating on the shares as part of a [...]

JPMorgan lowered the firm's price target on Steel Dynamics to $129 from $131 and keeps a Neutral rating on the shares. The firm largely anticipate Q3 misses for steel companies [...]

Meeting to be held in Boston on October 3 hosted by [...]

Q2 adjusted EBITDA guidance includes the initial recovery of insurance proceeds estimated at approximately $20M. Expects Q2 total steel shipments 510K-520K tons. CEO Michael Garcia stated, 'Our operations are performing [...]

Worthington Steel is down -7.4%, or -$2.65 to [...]

United States Steel Corporation (X) announced the Board of Arbitration, which is jointly selected by U. S. Steel and the United Steelworkers to decide disputes between them, ruled that U. [...]

U.S. Steel announced it is the first steel company in the world to qualify to sell its products as ResponsibleSteel Certified Steel at its Big River facility in Osceola, Arkansas. [...]

Morgan Stanley lowered the firm's price target on Steel Dynamics (STLD) to $131 from $138 and keeps an Equal Weight rating on the shares. The firm is updating estimates to [...]

Nippon Steel (NPSCY) is slated to get an extension in the security review over its proposed $14.1B takeover of U.S. Steel (X), likely pushing a decision on the politically contentious [...]

Nippon Steel (NPSCY) is slated to get an extension in the security review over its proposed $14.1B takeover of U.S. Steel (X), likely pushing a decision on the politically contentious [...]

BMO Capital analyst Katja Jancic lowered the firm's price target on Steel Dynamics to $127 from $135 and keeps a Market Perform rating on the shares. The company's Q3 pre-announcement [...]

GLJ Research analyst Gordon Johnson double upgraded U.S. Steel to Buy from Sell with a $38.57 price target. The firm's sum-of-the-parts analysis suggests 23% upside from current trading levels when [...]

JPMorgan upgraded Steel Dynamics to Neutral from Underweight with a price target of $131, up from $120. Following a period of underperformance amid weakening fundamentals, the firm thinks the risk/reward [...]

JPMorgan analyst Bill Peterson upgraded U.S. Steel to Overweight from Neutral with a price target of $42, up from $40. Following a period of underperformance amid weakening fundamentals, the firm [...]

Japan's Nippon Steel (NPSCY) had hoped it could counter China's export onslaught with a deal in the U.S., where it could enjoy protection from Chinese rivals, but U.S. politics have [...]

Exane BNP Paribas upgraded U.S. Steel to Outperform from Neutral with a $40 price [...]

BMO Capital says the selloff in shares of U.S. Steel (X) yesterday following reports that President Biden is preparing to block the Nippon Steel (NPSCY) buyout creates an attractive entry [...]

The Biden administration is preparing to block Nippon Steel's (NPSCY) planned purchase of U.S. Steel (X), sources told The Washington Post's Jeff Stein and David Lynch. Shares of U.S. Steel [...]

The company said, 'Employees of United States Steel Corporation (X) today will host a rally at the U. S. Steel Tower in Pittsburgh in support of the Nippon Steel (NPSCY) [...]

Bearish flow noted in US Steel with 15,705 puts trading, or 2.0x expected. Most active are Sep-24 35 puts and Oct-24 35 puts, with total volume in those strikes near [...]

As previously reported, Seaport Research upgraded Cleveland-Cliffs to Buy from Neutral with a $16.50 price target based on a tactical call around the current steel price cycle and mounting supply-side [...]

Bearish flow noted in US Steel with 8,418 puts trading, or 4x expected. Most active are Jan-25 30 puts and Sep-24 41 calls, with total volume in those strikes near [...]

Bearish flow noted in US Steel with 19,879 puts trading, or 2x expected. Most active are Oct-24 35 puts and Mar-25 35 puts, with total volume in those strikes near [...]

Bullish option flow detected in US Steel with 11,927 calls trading, 8x expected, and implied vol increasing over 4 points to 48.67%. Jan-25 43 calls and Sep-24 35 puts are [...]

RBC Capital upgraded Bluescope Steel to Outperform from Sector Perform with a price target of A$24.50, up from A$23. The firm sees a recovery for the company in the second [...]

Bearish flow noted in US Steel with 9,042 puts trading, or 1.4x expected. Most active are 8/23 weekly 40 puts and Oct-24 38 puts, with total volume in those strikes [...]

Stifel raised the firm's price target on Algoma Steel to C$19 from C$16 and keeps a Buy rating on the [...]

BMO Capital analyst Katja Jancic raised the firm's price target on Algoma Steel to C$15 from C$13 and keeps an Outperform rating on the [...]

Morgan Stanley analyst Carlos De Alba raised the firm's price target on Steel Dynamics to $138 from $134 and keeps an Equal Weight rating on the shares. The firm thinks [...]

Morgan Stanley raised the firm's price target on U.S. Steel to $49 from $48 and keeps an Overweight rating on the shares. The firm thinks steel prices have bottomed given [...]

JPMorgan downgraded Bluescope Steel to Neutral from Overweight with a A$23 price target. Following a positive share price move, Bluescope looks to have already partly priced in a steel market [...]

JPMorgan lowered the firm's price target on U.S. Steel to $40 from $43 and keeps a Neutral rating on the shares. The firm reduced its steel pricing outlook on increasing [...]

JPMorgan raised the firm's price target on Steel Dynamics to $120 from $118 and keeps an Underweight rating on the shares. The firm reduced its steel pricing outlook on increasing [...]

BofA lowered the firm's price target on Steel Dynamics to $145 from $150 and keeps a Neutral rating on the shares. After the BofA Commodities team refreshed its metal price [...]

Stifel raised the firm's price target on Algoma Steel to C$16 from C$15 and keeps a Buy rating on the [...]

BMO Capital lowered the firm's price target on Algoma Steel to C$13 from C$14 and keeps an Outperform rating on the shares following Q4 earnings results. The analyst believes, looking [...]

JPMorgan downgraded Angang Steel to Underweight from Neutral with a HK$1 price target. The firm says property read-through and the steel policy impact are weaker than [...]

BMO Capital analyst Katja Jancic lowered the firm's price target on Steel Dynamics to $135 from $140 and keeps a Market Perform rating on the shares after its below-consensus Q2 [...]

Morgan Stanley thinks U.S. Steel (X) shares will outperform peers today as the company's guidance is in-line to higher-than-consensus compared to Nucor (NUE) and Steel Dynamics' (STLD) guidance coming below [...]

Sees Q2 adjusted EBITDA $425M. Commenting on second quarter guidance, president and CEO David Burritt said, 'We continue to run our business safely as we make progress towards closing our [...]

Steel Dynamics provided second quarter 2024 earnings guidance in the range of $2.64 to $2.68 per diluted share. Comparatively, the company's sequential first quarter 2024 earnings were $3.67 per diluted [...]

Jefferies downgraded Bluescope Steel to Underperform from Hold with a price target of A$17.80, down from [...]

Seaport Research lowered the firm's price target on Steel Dynamics to $140 from $145 and keeps a Buy rating on the shares. The firm has revised its price target on [...]