13
Mar
17:20
US Steel raises 2018 guidance
US Steel has raised its 2018 earnings guidance as a result of President Donald Trump’s 25% blanket tariff on steel products, Kallanish understands from a company release.
The company now expects earnings before interest, taxes, depreciation and amoritization to be $1.7 billion in 2018, up from the company’s previous estimate of $1.5 billion.
“Given the market dynamics primarily related to President Trump’s recent order, which imposes a…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous