Hints and tips:
...Any takeover would further consolidate a US industry now reduced to four main companies: Cleveland-Cliffs, Nucor, Steel Dynamics, and US Steel....
...Although US names like Nucor, US Steel, Steel Dynamics and AK Steel are all more than 3 per cent lower today, they have largely clung to the gains posted since March 1 when the tariffs were announced....
...Steelmaker Nucor was down 5.1 per cent, while US Steel dropped 9.1 per cent and AK Steel shed 7.7 per cent....
...Shares in steelmakers Nucor, US Steel and AK Steel, which had risen in response to Donald Trump’s original tariffs announcement, had by Friday dropped back to their lowest levels this year....
...Nucor and Steel Dynamics are both set to report earnings this week. US Steel and AK Steel both report at the end of the month....
...AK Steel, for example, is down 35 per cent this year while others such as Nucor and Steel Dynamics have eked out modest gains....
...Over the week, AK Steel rose 9.2 per cent to $6.50; US Steel jumped 8.3 per cent to $23.21; Nucor rose 2.6 per cent to $59.72 while Steel Dynamics climbed 1.8 per cent to $36.56....
...The latest resignations from President Donald Trump’s American Manufacturing Council by the head of the US’s largest union, an aide and a figure close to the steel industry have left the headcount for those...
...Nucor also gained 2.3 per cent to $58.93....
...president Scott Paul Business leaders who have retired or moved on from the companies or organisations in question (5): Former Ford Motor Company CEO Mark FieldsFormer Arconic CEO Klaus KleinfeldFormer US Steel...
...Corporation (left after Charlottesville) Rich Kyle, The Timken Company Thea Lee, AFL-CIO (left after Charlottesville) Mario Longhi, US Steel (left after retiring) Denise Morrison, Campbell Soup Company...
...One likely booster of such efforts is Dan DiMicco, the former chief executive of steel company Nucor, who serves as Mr Trump’s senior trade advisor, Mr Kurtz wrote....
...Alex Gorsky, Johnson & Johnson Greg Hayes, United Technologies Marilynn Hewson, Lockheed Martin Jeff Immelt, General Electric Jim Kamsickas, Dana Inc....
...One likely advocate of such efforts is Dan DiMicco, a former chief executive of steel company Nucor, who serves as Mr Trump’s senior trade adviser....
...The list includes groups like Nucor, a $14.9bn steel products maker, and MGM Growth Properties, a real estate investment trust that made its public debut on the NYSE last month....
...For much of the 20th century, the bellwether company of the bellwether sector of the US economy was US Steel....
...If a Big Steel company went for the jackpot with US Steel or Nucor, there would be grounds for concern. Before Big Steel goes global, China has to solve its own problem. john.gapper@ft.com...
...Rival Nucor dropped 3.5 per cent to $39.14 and Cliffs Natural Resources shed 5.5 per cent to $37.32....
...US Steel added 1.3 per cent to $57.49 while Nucor rose 2.2 per cent to $47.96. The S&P materials index was up 1 per cent....
...Dan DiMicco, chief executive of Nucor, the second-biggest US steel producer, said many American companies had a “great opportunity” in the next decade to increase manufacturing in the country, helped by...
...It will operate in competition with other US-based mini-mill companies, including Nucor, the US’s Steel Dynamics, and US divisions of Gerdau, a large Brazilian steelmaker, and Lakshmi Mittal’s ArcelorMittal...
...A relatively high portion of steel in the US also is produced by mini-mills, such as those owned by Nucor and Steel Dynamics, which primarily consume scrap....
...Steel producers AK Steel and United States Steel were two of the biggest movers in the S&P 500 index, rising 6.4 per cent to $23.07 and 6.6 per cent to $51.14 respectively....
...Nucor was up 1.2 per cent to $46.61 while rival steel maker AK Steel gained 2.7 per cent to $20.47....
...Steel: The price of steel relative to mining is close to 20-year lows....
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