International Business News - CRS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Moody's Investors Service on Friday cut its outlook for steel to "Negative" from "Stable" because of weakened economic conditions, declining demand, falling prices and the industry's high costs. http://www.ibtimes.com/articles/20081121/analyst-note-steel-industrys-outlook-dims.htm Fri, 21 Nov 2008 15:10:54 EST Steel company stocks tumbled Thursday as declining demand has led to inventory reduction, sharply lower sales and falling product prices, an analyst said. http://www.ibtimes.com/articles/20081120/sector-snap-steel-stocks-bend-on-weak-demand.htm Thu, 20 Nov 2008 14:58:16 EST 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 dollar, falling freight costs and low prices for coking coal and iron ore should boost steel imports over the next few months, forcing the price of steel "to hover close to industry's cash cost." http://www.ibtimes.com/articles/20081117/ahead-of-the-bell-steel-prices-heading-down.htm Mon, 17 Nov 2008 09:35:25 EST Carpenter Technology Corp. said Tuesday its fiscal first-quarter profit sank 55 percent partly on increased operating costs and delayed customer orders. http://www.ibtimes.com/articles/20081028/carpenter-technology-1q-profit-down-on-costs.htm Tue, 28 Oct 2008 11:12:32 EDT 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. http://www.ibtimes.com/articles/20081024/sector-snap-shares-of-steel-producers-falling.htm Fri, 24 Oct 2008 15:05:25 EDT 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 about United States Steel Corp., warned about "deteriorating European and U.S. markets and our expectations of declining ... prices" for the steel pipes used in drilling for crude oil and natural gas. http://www.ibtimes.com/articles/20081022/sector-snap-steel-off-on-lower-price-expectations.htm Wed, 22 Oct 2008 11:41:48 EDT Carpenter Technology Corp. on Tuesday announced its board declared a regular quarterly dividend of 18 cents. The specialty metals maker said the dividend is payable Dec. 4 to shareholders of record Oct. 28. http://www.ibtimes.com/articles/20081015/carpenter-tech-sets-18-cent-quarterly-dividend.htm Wed, 15 Oct 2008 13:21:32 EDT 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. http://www.ibtimes.com/articles/20081001/sector-snap-steel-producers-shares-retreat.htm Wed, 01 Oct 2008 11:43:58 EDT 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' strike at the moment," Soleil analyst Charles Bradford said in a telephone interview. http://www.ibtimes.com/articles/20080929/sector-snap-steel-shares-down-on-buyers-strike.htm Mon, 29 Sep 2008 15:19:08 EDT Shares of steel producers fell Monday after an analyst said declining prices for scrap metal, an important feedstock for many companies, may force producers to cut their prices. http://www.ibtimes.com/articles/20080908/sector-wrap-steel-producers-shares-retreat.htm Mon, 08 Sep 2008 15:48:21 EDT Carpenter Technology Corp. said Monday it increased a special litigation reserve from $5 million to $21 million due to a court ruling, lowering the specialty alloy maker's fiscal fourth-quarter operating profit. http://www.ibtimes.com/articles/20080825/carpenter-raises-fiscal-4q-litigation-reserve.htm Mon, 25 Aug 2008 10:07:44 EDT Specialty alloy maker Carpenter Technology Corp. said Thursday that its fiscal fourth-quarter profit fell nearly 13 percent on costs that included higher raw material prices, equipment upgrade work and inflation pressures. http://www.ibtimes.com/articles/20080731/carpenter-4q-profit-falls-13-percent.htm Thu, 31 Jul 2008 15:48:35 EDT Shares of steel makers fell Tuesday after AK Steel Holding Corp. said its third-quarter shipments will decline from second-quarter levels and raw material and energy costs are due to increase in the period. http://www.ibtimes.com/articles/20080722/sector-snap-steel-makers-slides-on-weak-outlook.htm Tue, 22 Jul 2008 15:23:10 EDT Shares of Nucor Corp. fell more than 11 percent Thursday after the big steel maker's third-quarter guidance missed Wall Street expectations. Other U.S. steel makers also declined, though not as much as the Charlotte, N.C.-based company. http://www.ibtimes.com/articles/20080717/nucor-falls-as-market-focuses-on-3q-guidance.htm Thu, 17 Jul 2008 19:31:39 EDT Shares of steel producers rose Monday after an analysis of the sector concluded that the price of the commodity has significantly further to climb. Barclays Capital analyst Amrita Sen said demand for the commodity has yet to peak--which means this year's price increases will likely be followed by more such gains. http://www.ibtimes.com/articles/20080630/sector-snap-analyst-says-steel-prices-yet-to-peak.htm Mon, 30 Jun 2008 15:01:14 EDT Specialty metals maker Carpenter Technology Corp. said Monday that it filed a lawsuit against Allegheny Technologies Inc. alleging two U.S. patents Allegheny holds are not valid. http://www.ibtimes.com/articles/20080623/carpenter-tech-files-suit-against-allegheny-tech.htm Mon, 23 Jun 2008 17:05:51 EDT The Standard & Poor's MidCap 400 index rose in midday trading Thursday as investors digested last week's drop in jobless claims and a better-than-expected slew of May sales reports from the nation's retailers. http://www.ibtimes.com/articles/20080605/s-p-midcap-400-in-focus-pss-wbs.htm Thu, 05 Jun 2008 12:49:19 EDT