Get started

Steel

Japan's Nippon Steel to Acquire U.S. Steel for $14.9 BillionJapan's Nippon Steel clinched a deal on Monday to buy U.S. Steel ($X.) for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals. The deal marks the latest step in a gradual decline for the iconic 122-year old company, which was once the largest company on the planet. It was one of the first major conglomerates and a symbol of American industrial might. But it is no longer even the largest US steelmaker, having been surpassed by Nucor Steel years ago. Earlier this summer the United Steelworkers union vowed to only support a proposed offer by another unionized American steel company, Cleveland Cliffs, to buy US Steel, in a cash and stock deal then valued at $32.53 a share, or 40% less than Nippon’s all cash offer. The US Steel board rejected that offer and started considering other bids. US Steel’s statement said that Nippon Steel has a strong track record of safety in the workplace and working collaboratively with unions, that all union contracts will remain in place and that Nippon Steel is committed to maintaining these relationships uninterrupted. Technical Analysis U.S. Steel (NYSE: NYSE:X ) has since reacted to the news of the buyout offer from Nippon Steel surging to about 26% today as of the time of writing, with the stock trading above all its Moving Averages. United States Steel has also broken the rising trend up in the medium long term.
NYSE:XLong
by DEXWireNews
2
Tata Steel--Buy zone @112I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis This is going to reverse from 115 or 112 zone...look here for buying.
NSE:TATASTEELLong
by IIT-Trader
4
UPDATE: ArcelorMittal slow death continues to 20cArcelorMittal has shown downside since 2008 where the price was at its peak at R264,00. SInce the financial crisis it's just been down and down for the steel and minin company. It was one of the biggest in the world. and today is showing a slow death. The technicals still confirm downside to come with the Inverse Cup and Handle. The taregt remains at 20 cents. Traders can't do much as there is hardly any short scrip to profit along the way. SO I guess all we can do is watch...
JSE:ACLShort
by Timonrosso
Sail Cup and Handle PatternA clear pattern of Cup and Handle appears on Daily chart of Sail. Breakout has been given around Rs. 94 with a potential upside of 20%. The breakout has been supported with heavy Volume which indicates strength. Please give a boost and comment if you find the analysis helpful and consider following for more. Any Request, suggestions or advice are warmly welcomed. Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
NSE:SAILLong
by Kaushik_Karnale
X United States Steel Corporation Options Ahead of EarningsIf you haven`t bought X here: Then analyzing the options chain and the chart patterns of X United States Steel Corporation prior to the earnings report this week, I would consider purchasing the 26usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $1.24. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:XLong
by TopgOptions
ThyssenKrupp AG bullish scenario:The technical figure Triangle can be found in the daily chart in the German company ThyssenKrupp AG (TKA.de). ThyssenKrupp AG is a German multinational conglomerate with focus on industrial engineering and steel production. The company claims to be one of the world's largest steel producers; it was ranked tenth-largest worldwide by revenue in 2015. It is divided into 670 subsidiaries worldwide. In addition to steel production, ThyssenKrupp's products range from machines and industrial services to high-speed trains, elevators, and shipbuilding. Subsidiary ThyssenKrupp Marine Systems also manufactures frigates, corvettes, and submarines for the German and foreign navies. The Triangle broke through the resistance line on 03/09/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 20 days towards 6.964 EUR. Your stop-loss order, according to experts, should be placed at 5.374 EUR if you decide to enter this position. Company debt is a non-issue for ThyssenKrupp. The company has over €8B in available liquidity of which €6.5B is in Cash and equivalents, which is almost 2X the company's total liabilities gross of leases. What's more, these maturities are well-laddered going beyond 2025-2026. Fundamentally speaking, there are no immediate cash dangers to the company. Yet the chaotic nature of the past 10 years makes the company's low credit rating completely understandable. Still, ThyssenKrupp is a leading material processor and service provider across the western world. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:TKALong
by legacyFXofficial