(NEW YORK)Steel prices may fall next year because of weakening demand and lower iron ore and coking coal costs, an analyst warned Monday. Goldman Sachs analyst Sal Tharani said a stronger do...READ MORE
Among the earnings stories for Wednesday, Nov. 5, from AP Financial Desk News: NEW YORK (AP)--Bond insurer Ambac Financial Group Inc. said its third-quarter loss widened sharply as...READ MORE
(NEW YORK)Shares of steel producers were mostly lower Friday as the broader market followed global stocks lower and automakers on both sides of the Atlantic disclosed fresh woes.READ MORE
(NEW YORK)Shares of steel makers tumbled Wednesday amid expectations that demand for their products will fall in Europe and North America. Goldman Sachs analyst Sal Tharani, in a client note...READ MORE
(NEW YORK)Steel producer shares sank Wednesday on fresh evidence of slowing U.S. manufacturing and an analyst's prediction of subdued demand for the rest of the year.READ MORE
(LIMA, Peru)Brazilian mining company Vale broke ground Friday on a US$479 million phosphate mine in Peru, becoming the second Brazilian company to announce a major investment there this week.READ MORE
(LIMA, Peru)Brazilian steel company Gerdau S.A. will invest US$1.4 billion in its Peruvian subsidiary, an effort to transform Peru into a regional steel powerhouse that can profit from Brazil'...READ MORE