(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
(NEW YORK)Shares of steel producers fell hard Wednesday as the global financial turmoil slashed demand, resulting in production cuts as well as diminished profit margins due to inventories b...READ MORE
(NEW YORK)Steel producer Gerdau Ameristeel Corp. said Wednesday its third-quarter profit more than doubled as prices climbed and revenue from newly acquired businesses boosted volumes, offse...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
(NEW YORK)Shares of steel producers fell hard Monday after buyers virtually suspended purchases in the expectation that the cost of steel product will fall. "There's actually a buyers' strik...READ MORE