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TrimTabs Asset Management Acquires $2,031,000 Shares of Reliance Steel & Aluminum

2015-12-30 09:20:54| Steel - Topix.net

TrimTabs Asset Management acquired a new position in Reliance Steel & Aluminum during the third quarter, according to its most recent Form 13F filing with the SEC. The hedge fund acquired 37,603 shares of the company's stock, valued at approximately $2,031,000.

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United States Steel Co. (X) Short Interest Up 7.3% in December

2015-12-30 08:15:39| Steel - Topix.net

United States Steel Co. was the target of a significant growth in short interest in December.

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UPDATE 1-Hyundai Motor, Kia Motors ordered to cut stakes in steel affiliate

2015-12-30 03:29:04| Automakers - Topix.net

SEOUL, Dec 30 Hyundai Motor and Kia Motors have been ordered to sell a combined 6.6 percent stake worth 461 billion won in steelmaking affiliate Hyundai Steel by Thursday to meet conglomerate ownership rules. South Korea seeks to address complex cross-shareholdings involving affiliates of big industrial groups, which have long been criticized for their poor corporate governance.

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Business in brief: U.S. Commerce Department imposes steep tax on steel imports

2015-12-30 02:01:40| Steel - Topix.net

Imports of corrosion-resistant steel from China are being unfairly traded at below market prices and will be slapped with a 256 percent tax, according to a preliminary finding from the Commerce Department that is expected to help bolster a domestic steel industry battered by cheap imports. The decision by the department is the first of several trade cases filed this summer by U.S. Steel Corp., AK Steel Holding Corp., Nucor and Steel Dynamics Inc. alleging their competitors in China and elsewhere are unfairly subsidized by their governments, allowing the foreign producers to undercut prices of U.S. firms.

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Brokers Set Expectations for Steel Dynamics, Inc.'s FY2015 Earnings

2015-12-29 19:40:55| Steel - Topix.net

Steel Dynamics, Inc. - Research analysts at BB&T Corp. issued their FY2015 earnings estimates for shares of Steel Dynamics in a note issued to investors on Monday, Zacks Investment Research reports. BB&T Corp. analyst G. Nelson forecasts that the firm will post earnings of $0.70 per share for the year.

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