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SocialPicks Community
too much steel production
X
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+12.02%
in
67 days
This one is quite simple: World Steel production 1979: 700 mm metric tons 1989: 785 mm metric tons 1999: 784 mm metric tons 2007: 1,345 mm metric tons 2008: 1,329 mm metric tons 2011: ?you write it in? Pretty sure we don't need the amount of steel production we currently have, and it seems China is INCREASING production! What happens to US steel companies when China stops growing infrastructure cash giveaways? It doesn't even have to be a decline in demand, just a flattening of growth. Then you have a bunch of shiny new steel factories in Asia and a vacuum of places to...
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United States Steel Corp.
X
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-80.52%
in
496 days
<> United States Steel Corporation produces steel products. It operates through three segments: Flat-rolled Products, U. S. Steel Europe, and Tubular Products. The Flat-rolled Products segment produces slabs, sheets, tin mill products, strip mill plates, rounds, and coke. It serves customers in the service center, conversion, transportation, construction, container, and appliance and electrical markets in North America. The U.S. Steel Europe segment manufactures and sells sheet, strip mill plate, tin mill, and tubular products, as well as heating radiators and refractories. It serves customer...
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X
X
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+5.45%
in
23 days
(closed on 02/10/09)
Cheap P/E. X will be a direct beneficiary of a new leg in commodities prices, catalyzed by the infrastructure stimulus. The global government stimulus will increase demand in steel, and global prices in steel will continue to rise from there.
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Recent news
X
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-33.29%
in
184 days
(closed on 04/20/09)
This steel giant has been unfairly beaten down.......watch the steel monster rise again...X marks the spot in best of breed!
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X is looking good for a 2 day run
X
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-59.37%
in
409 days
Let's some X bouncing off of support for the next couple of days. the market is in a stand still at the moment and may do the sideways action for a bit. X is always a good place to make some profits . Good luck.
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From the Blogosphere
Gerdau S.A. Back with a Bang – Analyst Blog
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Today, Gerdau S.A. (GGB) announced consolidated results for the third quarter of 2009. The company did not provide comparable year-on-year figures in a securities filing.
Sales reached 3.9 million tons in the quarter, 15% higher than in the second quarter of 2009, reflecting the recovery in the main sectors that consume the company's products.
Net Revenue reached R$6.8 billion in the 3rd quarter of 2009, 6% higher than in the previous quarter.
Third quarter EBITDA reached R$1.4 billion, more than double the amount in the 2nd quarter of 2009. The EBITDA margin increased to 20.2% in the 3rd quar...
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U.S. Steel: Poised to race ahead during the global economic expansion
Filed under: U.S. Steel (X), Stocks to Buy  Not-for-squeamish U.S. Steel (NYSE: X) is rising on schedule, despite a recent pull-back, which is why I'm reiterating my Buy rating for the company, first recommended on April 15, 2009, at a price of $27.61. If you bought X in April, you're up about 28%.
The rationale for owning X's shares remains the same. U.S. Steel will likely be a survivor in the consolidating global steel sector with sufficient scale to either produce raw materials and acquire raw material assets. <><>Continue reading <>U.S. Steel: Poised to race ahead during the global economic expan...
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Bright Spots In The Market...Visa, DeVry and Nutrisystem
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The market's cautious bias that began last week has picked up a bit of momentum.
As for today's market, earnings are once again becoming a key factor. The bright spots from today's results includes Visa (V), DeVry (DV) and Nutrisystem (NTRI). On the not-so-hot list were the results from SAP (SAP), Jones Lang Lasalle (JLL) and Massey Energy (MEE).
The commodity sector is seeing some heavy selling hit shares of Agnico-Eagle Mines (AEM), U.S. Steel (X), Peabody Energy (BTU) and BHP Billiton (BHP). Where is that money going? How about into shares of AT&T (T) and Verizon (VZ), which are both tradi...
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By
s J
(-18.05% risk: aggressive)
10/28/09
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Comment
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AK Steel, U.S. Steel report better-than-expected Q3 results
Filed under: Earnings reports, U.S. Steel (X)  It was good news bad news for the steel industry Tuesday. AK Steel Holding Corp. (NYSE: AKS) and United States Steel Corp. (NYSE: X) both reported better-than-expected third-quarter results. But for U.S. Steel, it was the third straight quarterly loss as the economic downturn continued to drag down demand.
<>For the three months that ended in September, U.S. Steel said it lost $303 million, or $2.11 per share. That compares with a profit of $919 million, or $7.79 per share, in the same period of last year. Revenue for the quarter fell 61% to $2.82 b...
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US Steel & Voluntary Payments for Health Care/Pensions
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United States Steel (X) continued to lose money, disappointed the market and watched investors sell off its stock. This is despite a 42% increase in shipments. If shipments can go up so drastically this means there is no pricing power and you wonder if re-starting several idled facilities was the correct move.
In this confused outlook investors are noting a voluntary payment of approximately $150 million to knock down employee health care and pension benefits. That’s approximately $1 @ share. Pretty sporty of management to do that at this juncture. The question is why. By re-opening faciliti<>< />...
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X marks the spot!
- X marks the spot! Holy moly, the company of steel is UNSTOPPABLE! Looks destined for $200s here shortly. Jeez louise is this thing juiced! It just do...
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