Steel posts
FeedPosted Nov 3rd 2010 12:00PM by Sheldon Liber (RSS feed)
Filed under: Competitive Strategy, Nucor Corp (NUE), Options, Bargain Stocks, Chasing Value™
Every day I marvel at all the silly things that happen in the marketplace, the missed opportunities and the overlooked bargains. Mini-mill steel company Nucor Corp. (NUE) is certainly one of them.
I understand that the construction industry is in the dumps and the auto industry has barely come back to life. There is no question that Nucor has fallen on tough times. However, that is what creates the investment opportunity. If you want to make a lot of money, you must find high-quality companies during their business lulls and not be afraid to put your money to work.
Continue reading Chasing Value: Buy Nucor Quality on Sale
Posted Apr 13th 2010 5:40PM by Joseph Lazzaro (RSS feed)
Filed under: U.S. Steel (X), Stocks to Buy

It appears the reviews of U.S. Steel (
X), first discussed here
on April 15, 2009 at a price of $27.61, just can't keep up with the steelmaker's performance.
Originally expected earn only a slight profit in 2010, look for U.S. Steel to return solidly to the profit side of the ledger, aided by a likely 40-50% surge in revenue this year.
The reason? The U.S./global economic recoveries, which are driving large increases in steel demand. Durable goods and big ticket items like washers, driers, and kitchen ranges require steel, and their bullish trend bodes well for X.
Continue reading Consider U.S. Steel, Because Steel Is Back in Style
Posted Apr 4th 2010 2:40PM by Gary Sattler (RSS feed)
Filed under: Industry, China, U.S. Steel (X), Nucor Corp (NUE), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RIO)
A new method of setting the price on iron ore for export is upsetting Chinese and European steel makers and auto manufacturers, but that same pricing scheme is most likely going to benefit U.S. steelmakers such as AK Steel (AKS), Nucor (NUE) and U.S. Steel (X).
In the past, iron ore pricing was largely set on an annual basis, with the first negotiated ore contracts of the season setting the price for the duration of that season. However, this year, the three largest iron ore miners, BHP Billiton (BHP), Rio Tinto (RTP) and Vale SA (VALE), have decided that they will seek quarterly renegotiation of ore contract pricing. This will allow those companies to take better advantage of increases in iron ore demand and spikes in spot prices.
Continue reading New Iron Ore Pricing Scheme Should Be Good for American Steel
Posted Mar 11th 2010 10:30AM by Mark Fightmaster (RSS feed)
Filed under: Analyst Upgrades and Downgrades

ArcelorMittal (
MT) was
downgraded to hold from buy at ING, which noted that "major price increases imminent for iron ore and coking coal, we believe the steel industry may suffer from cost increases on the order of 35%, as new contract prices are set."
ING believes steel prices will rise 10% to 20%, which would then put the industry under pressure. If this scenario were to come to fruition, MT's costs could increase by roughly 15%. Although these increases are less than MT's peers, ING prefers putting money in "diversified mining shares."
Continue reading ArcelorMittal Downgraded to Hold from Buy
Posted May 26th 2009 12:30PM by Brent Archer (RSS feed)
Filed under: Major Movement, Good news, Industry, Nucor Corp (NUE), Japan, Options, Technical Analysis, Rio Tinto plc ADS (RIO)
Nucor (NYSE:
NUE -
option chain) shares are rising today after iron-ore miner
Rio Tinto (NYSE:
RTP) agreed to
cut its iron ore prices for Japan's Nippon Steel Corp by more than 30%. The steelmakers have already been driven lower as demand for their product has slowed, but now they are less likely to be charged boom-time prices for their raw materials on top of that. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NUE.
NUE opened this morning at $39.44. So far today the stock has hit a low of $39.14 and a high of $41.41. As of 11:35, NUE is trading at $41.25 up 1.16 (2.9%). The chart for NUE looks bearish and
S&P gives NUE a negative 2 STARS (out of 5) sell ranking.
Continue reading Nucor (NUE) rises on ore price cut
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