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The storied industrial stock closed Tuesday nearly 10% higher in price on the back of the news. This was its most significant one-day gain in 2024, and was a sharp contrast to the 0.4% drop of the ...
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
These prices are more an indication than an actual exchange price. Unlike the prices on an exchange, pricing providers tend to give a weekly or bi-weekly price. For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on ...
The London Metal Exchange (LME) is a futures and forwards exchange in London, United Kingdom with the world's largest market [1] in standardised forward contracts, futures contracts and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. [2] The company also allows for cash trading.
Stocks reached record levels on Thursday as investors digested more quarterly earnings results and new data on the labor market's recovery. The S&P 500 advanced to log a record closing high.
Supported by resurgent cyclical stocks, the VanEck Vectors Steel ETF (SLX) is higher by more than 38% year-to-date. That’s impressive work in less than six month’s time, but it could prove to ...
In 2022, the U.S. was the third-largest producer of raw steel worldwide, after China and India, and ranked sixth in pig iron production. By November 2024, the industry produced over 74 million net tons annually.
The S&P 500 fell 0.2% to extend the four-day losing streak that dimmed the close of its stellar 2024. The Dow Jones Industrial Average fell 151 points, or 0.4%, after an early gain of 360 points ...