AK Steel’s acquisition would make 2020 a crucial year for CLF. The company needs to make a lot of strategic decisions about AK Steel.
Recently, gold continued to rise. US gold futures rose for the eighth time in the last nine trading sessions and reached $1,582 levels per ounce today.
Overall, 2019 was a mixed year for US steel stocks. However, due to the rally in the fourth quarter, most stocks managed to close the year with gains.
U.S. Steel stock (X) has underperformed peers so far in 2019. Notably, it’s the only leading US steel name that’s trading with a YTD (year-to-date) loss.
The world has a problem that's actually good for the fertilizer industry. This is the world's population, which is ever-growing, as is food consumption.
Higher realized gold prices had a positive impact on these companies in 2019. The positive outlook on gold could increase their earnings next year.
Barrick Gold (GOLD) stock has been trading in a narrow range for the last several weeks. Meanwhile, gold and silver's performance has been lackluster.
US Commerce Secretary Wilbur Ross defended President Donald Trump's Section 232 steel and aluminum tariffs in a recent interview.
Today, the World Steel Association released its November global steel production data, which showed that production was down 1.0% year-over-year.