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News

Global steel price falls 5.1 percent in June

July 1, 2010

After climbing steadily for months, US flat product transaction values have started to decline as the market slows for seasonal reasons. Although domestic steelmakers’ production and capacity utilisation have continued to grow in recent weeks, sluggish…

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Effective steel proces remain under pressure in the developing markets

July 1, 2010

In the Russian Federation, the Federal Antimonopoly Service (FAS) has continued to investigate the pricing strategies of Evraz, Severstal, NLMK and MMK. The probe was started after complaints were received from Uralvagonzavod, automobile manufacturers …

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Goldman Sachs Lowers Estimates on Schnitzer Steel (SCHN) – Benzinga

July 1, 2010

Goldman Sachs Lowers Estimates on Schnitzer Steel (SCHN)BenzingaGoldman Sachs is out with a research report this morning, where it reiterated its Neutral rating on shares of Schnitzer Steel Industries (NASDAQ: SCHN); …Schnitzer Steel Reports Third Qu…

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AK Steel Announces August 2010 Surcharges for Electrical and Stainless Steels (PR Newswire)

July 1, 2010

AK Steel has advised its customers that a $385 per ton surcharge will be added to invoices for electrical steel products shipped in August 2010.  August 2010 surcharges for the broad range of stainless steel products that AK Steel produces can be foun…

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Haynes International, Inc. Announces Ratification of Labor Agreement (GlobeNewswire)

July 1, 2010
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Schnitzer Steel Industries Inc. Beats Analyst Expectations; SCHN, VALE, SIM – Learning Markets

July 1, 2010

Schnitzer Steel Industries Inc. Beats Analyst Expectations; SCHN, VALE, SIMLearning MarketsAnalysts were expecting Schnitzer Steel Industries Inc. (SCHN) [Chart – Analysis – News] earnings to come in at $0.87 per share for last quarter, …Schnitzer St…

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