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National Steel Company stock price

National Steel Company latest news:


  • 09/22/2017 08:40:11

    U.S. Steel's stock drops, as steel prices poised to fall after Trump attack on imports

    Shares of U.S. Steel Corp. sank 3.8% in morning trade Friday toward a one-month low, after Cowen & Co. downgraded the steelmaker, citing the belief that steel and iron ore prices were poised to move lower. Analyst Novid Rassouli cut his rating to underperform from market perform, and lowered his price target to $20 from $24. Ironically, Rassouli said the Section 232 investigation into the effects of steel imports on U.S. national security authorized by President Trump has caused imports to rise to record levels as importers rushed in product prior to any action, which should put pressure on hot-rolled coil steel prices. "The material exposure to spot prices makes us cautious on shares of U.S. Steel as we enter a period where we expect prices to move lower in the next few month," Rassouli wrote in a note to clients. U.S. Steel's stock has now tumbled 22% since April 20, when Trump signed a presidential memorandum to prioritize the Section 232 investigations, while the S&P 500 has gained 6.2% over the same time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/30/2017 09:35:33

    UPDATE 1-U.S. acts to finalize duties on imports of rebar from Taiwan

    WASHINGTON, Aug 30 (Reuters) - The U.S. International Trade Commission said on Wednesday it had made a final finding that U.S. producers are harmed by imports of steel concrete reinforcing bar, or rebar, from Taiwan, ensuring anti-dumping duties on the products will stay in place.

  • 08/30/2017 09:17:33

    U.S. acts to finalize duties on imports of rebar from Taiwan

    WASHINGTON, Aug 30 (Reuters) - The U.S. International Trade Commission said on Wednesday it had made a final finding that U.S. producers are harmed by imports of steel concrete reinforcing bar, or rebar, from Taiwan, ensuring anti-dumping duties on the products will stay in place.

  • 08/24/2017 15:45:53

    Exclusive: U.S. steel executives appeal directly to Trump for import restrictions

    WASHINGTON (Reuters) - American steel industry executives have appealed directly to President Donald Trump for immediate import restrictions in a letter seen by Reuters, as a U.S. Commerce Department national security probe languishes and steel imports surge back to 2015 levels.

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