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614 to be laid off temporarily at U.S. Steel plant in Ohio
2015-03-10 14:11:11| Steel - Topix.net
"This action is a result of a decline in tubular market conditions, which is impacting demand for the plant's products," according to a WARN Notice filed Jan. 5 by U.S. Steel. The layoffs were to begin this week and continue through May. About 614 employees at facility will be temporarily laid off, according to a report in The Morning Journal newspaper.
Outlook For The U.S. Steel Industry Gets Gloomier
2015-03-09 15:08:37| Steel - Topix.net
The outlook for the U.S. steel industry has gone from bad to worse. At the beginning of the year, one major challenge that the U.S. steel industry faced was weak demand forecast for tubular products as a rout in oil prices forced the oil and energy industry to slash capital spending for 2015.
Market Report, "Global Steel", published
2015-03-07 08:53:42| Steel - Topix.net
Global Steel industry profile provides top-line qualitative and quantitative summary information including: market size . The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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It Might Not Be The Time To Buy Into Steel and Iron
2015-03-05 17:21:45| Steel - Topix.net
This past week, commodity traders turned their attention toward stocks in the steel and iron sector, but based on the charts it may be too early to take a position. Taking a look at the chart of Reliance Steel & Aluminum Co.
United States Steel Corporation (X), Wynn Resorts, Limited (WYNN):...
2015-03-05 15:16:56| Steel - Topix.net
Ray Dalio of Bridgewater Associates is taking his hedge fund into the relatively uncharted territory of Artificial Intelligence. A new unit of six people, including David Ferrucci, former team leader of International Business Machines Corp. 's engineers responsible for developing the cognitive system Watson, will start work on the project beginning next month, according to Bloomberg Business .
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