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When Robert "Steve" Miller Jr. pulls open a company's front door, that loud sucking sound you hear is typically a sick firm gasping for air. Companies that call him in […]

According to the American Iron and Steel Institute, domestic steel shipments continued its decline in 2001. Eight largest domestic producers led by United States Steel Corp., Bethlehem Steel Corp., LTV Steel Co., Inc., reported declining revenues.

Capital and consumer demand for steel industry products in the US remains high in the 1st qtr of 1999, but ailing economies in Asia and Latin America are having a negative impact on the globalized industry. Profitability is being hampered by lower utilization and pricing and import problems, and the industry will have to expand product lines and cut costs to remedy the situation. There are several stocks in this industry that are appropriate for risk-tolerant investors even though many cyclical problems remain.

The integrated steel industry is showing strong growth. Production is up, domestic capacity is down and domestic demand is high - conditions that are boosting prices. Greater profitability has allowed manufacturers to fix balance sheets and increase capital spending, although the latter is limited to maintenance and repair. The industry's long-term prospects are good. Bethlehem and USX-US Steel are especially good investment choices.

The steel industry is booming in 1994 and is expected to continue its strong sales through 1995 and maybe beyond. Shipments will reach as much as 93 million tons in 1994, with a strong demand in the appliance, automobile, industrial and service sectors. The steel industry's strong performance is due, in part, to the streamlining efforts most firms have made in the 1990s and to the economic recovery, in general.

The integrated steel industry is poised to experience a strong recovery. Although domestic economic growth is expected to be weak to moderate through the end of 1995, the steel industry will not see a substantial weakness in its financial position. Steel shipments are expected to average 90 million to 93 million tons each year, assuming economic growth performs in the 3-3.5% range. Investments in this industry should be appealing to patient speculators and performance-driven investors.

The integrated steel industry earnings should continue to improve in the 2nd qtr and 2nd half of 1994. However, the volatility of the steel cycle can be greatly exaggerated and investors may want to carefully consider investing in this industry. Integrated mills are reporting higher orders and better pricing. Industry analysts forecast that the mills will ship 90 million tons of steel in 1994, over 88.4 million tons in 1993. Steel prices have increased by about 10%.

Integrated steel industry strength during the last three quarters of 1993 should continue during the first quarter of 1994 at least and probably into 1995 with increased tonnage and more favorable pricing. Stocks at Inland Steel, Bethlehem Steel and the USX-US Steel Group should appreciate. Potential investors should be aware that earlier long-term undervaluation of industry stock has been lessened by recent stock strength.

The integrated steel industry is starting to show signs of economic recovery and industry analysts are recommending steel stocks on a selective, long-term basis. Steel export levels have increased from 1.2% to 4.3%, the number of employees has declined to 140,000 from 243,000 and the percentage of continuously cast steel has risen to 79.3% from 32.1% between the years 1983 and 1993. Analysts see a stronger recovery in 1994.

WASHINGTON-The Pension Benefit Guaranty Corp. says it intends to take over and terminate, effective Wednesday, Bethlehem Steel Corp.'s massively underfunded pension plan, but Bethlehem says it will oppose the action [...]

PR Team: Bethlehem Steel (Bethlehem, PA) and The MWW Group (East Rutherford, NJ) Campaign: Bethlehem Steel Chapter 11 Filing Time Frame: June 2001 to mid-2002 Budget: dollars 250,000 But as [...]

Buoyed by import tariffs, the country's two largest steelmakers reported vastly improved second-quarter results, as mills operate at nearly full capacity and prices rise, reported The Wall Street Journal. The [...]

Bethlehem Steel Corp., third largest U.S. steel company, which launched some 1,000 ships dring World War II, filed for Chapter 11 [...]

Protection of Bethlehem Steel's industrial assets and the interests of its workers is at the forefront of discussions this week between the beleaguered steel manufacturer and the United Steelworkers of [...]

Bethlehem Steel Corp.'s Sparrows Point plant was a huge economic engine for the Baltimore region and the nation in the past century. But times have changed. Two weeks ago, Beth [...]

The same week industry giant Bethlehem Steel Corp. filed for Chapter 11 bankruptcy protection, Great Lakes Steel in Ecorse and River Rouge shut down one of its four blast furnaces. [...]

Low-priced steel imports and heavy pension costs led Bethlehem Steel Corp. to file for Chapter 11 bankruptcy protection Oct. 15. The nation's fourth-largest steelmaker, which employs about 6,000 workers at [...]

Bethlehem Steel Corp. said it filed a voluntary petition under Chapter 11 of the Federal Bankruptcy Code on Oct. 15. The filing gives Bethlehem protection from creditors while it attempts [...]

It was supposed to be a dream come true, but not even the latest technology could save Bethlehem Steel from foreign imports. When the steel company opened its state-of-the-art 'cold-rolling' [...]

Bethlehem Steel Corp. has confirmed that if it is aiming to complete a US$750 million secured financing during the September 2001 quarter, as well as to complete the sale of [...]

Low steel prices took their toll on U.S. steel-makers for another quarter. The ten largest companies that report their earnings had a combined loss of $469 million in the second [...]

Bethlehem Steel Corp. is a struggling fish in a troubled sea. The steelmaker that had more than 20,000 employees in its Lackawanna mills a few decades ago has launched a [...]

Bethlehem's Steel worse-than-expected fourth-quarter 2000 $118.2M loss, primarily due to rising energy costs and a 15% drop in steel shipments. That compares to a net loss of $38.1M in the [...]

Bethlehem, Pa. - Two years after it acquired Lukens Inc. in a hotly contested bidding war, Bethlehem Steel Corp. is merging the two steel producers' five defined contribution plans into [...]

Second-quarter earnings improved for all but one of the nine largest U.S. steel companies and all had better sales compared with a year ago. Most posted double-digit sales increases, led [...]