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Metals Industry News
Plastics Industry News

Metals Industry News
United Taconite facilities in Eveleth, Forbes to be idled
Cliffs Natural Resources says it will temporarily idle its United Taconite mine in Eveleth and its pellet plant in Forbes. About 480 employees work at the two facilities on Minnesota's Iron Range, which has been hard hit by layoffs this spring and summer.

UPDATE 1-Century Aluminum to shut down Ravenswood smelter immediately
Century Aluminum said it will shut its Ravenswood smelter in West Virginia immediately as it had failed to secure competitive power supply amid tough market conditions. Aluminium producers are seeing their profits dwindle due to sinking prices of the metal, which are currently near six-year lows.

CMC plans new EAF mill in Oklahoma
Commercial Metals Company , Irving, Texas, has announced it has selected Durant, Oklahoma, as the location for construction of its second "micro mill" small-volume electric arc furnace steel mill. The new plant in Oklahoma will mirror its existing micro mill in Mesa, Arizona, says the company, but will also include "improved technology developed from CMC's operating experience with the world's first micro mill," says CMC.

Ecopetrol announces important hydrocarbon discovery in Colombian Caribbean ultra-deepwater
Ecopetrol and Anadarko's integrated technical teams are continuing to evaluate the Kronos discovery results. Nowadays the drilling operation continues, aiming to reach a deeper target to determine possible additional results.

Dynamic Materials posts $1.3M quarterly loss
The $1.3 million loss brings the company's six-month losses to $3.7 million. For the same periods a year ago, Dynamic Materials posted a profit of $2.3 million for the quarter and $3.8 million for the first six months.

Tuesday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas E&P Stocks
In trading on Tuesday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 4.8%. Leading the group were shares of Cliffs Natural Resources , up about 24.6%.

Struggling U.S. Rare Earth Industry is Vital to a Stable Global Economy
Rare earth elements are found in nearly every aspect of our lives . Televisions, smartphones, tablets, computers, stereos, and cars all contain rare earth elements.

Critical Alerts For Alibaba, Allergan, Yelp, JC Penney and Cliffs...
To see what our analysts have discovered about a particular stock, read the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. Today's PriceWatch Alerts cover the following stocks: Alibaba , Allergan , Yelp , JC Penney , Cliffs Natural Resources .

Bear Chart of the Day: Precision Castparts
We're due for a bounce. If you are looking for a very short-term trade here, then inverse volatility or even long broader indices may be the way to go.

Precision Castparts First Quarter Fiscal 2016 Earnings
Organic sales down 2 percent on a constant currency basis year-over-year, up 1 percent excluding oil & gas and other non-IGT power generation markets PORTLAND, Ore., July 28, 2015 -- Precision Castparts Corp. reported its results for the first quarter of fiscal 2016: "Operationally, Investment Cast Products delivered solid performance, effectively leveraging volume growth into strong margin expansion versus the first quarter of fiscal 2015," said Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. "Industrial gas turbine and the next generation aircraft engines remain solid demand drivers for the segment.

Synalloy's (SYNL) CEO Craig Bram on Q2 2015 Results - Earnings Call Transcript
Good day, ladies and gentlemen. And welcome to the Synalloy Second Quarter Earnings Conference Call.

Century Aluminum Permanently Closing Ravenswood Smelter
Century Aluminum Company announced today that it intends to permanently close its Ravenswood, W.V. aluminum smelter, effective immediately. The Ravenswood smelter has been idled since February 2009.

One person killed in wrong way semi accident
OKLAHOMA CITY Commercial Metals Company and the State of Oklahoma today announced that CMC has selected Durant, Oklahoma as the location for construction of its second technologically OKLAHOMA CITY Commercial Metals Company and the State of Oklahoma today announced that CMC has selected Durant, Oklahoma as the location for construction of its second technologically FANNIN COUNTY, TX -- One person is dead following an accident in Fannin County involving a semi. Troopers say a man driving a white Dodge truck was killed when he drove on the wrong side of the FANNIN COUNTY, TX -- One person is dead following an accident in Fannin County involving a semi.

Greenwich's XPO Logistics CEO candid about French acquisition
In the course of building five successive $1 billion companies, Bradley Jacobs has become accustomed to jockeying for position, whether leading United Rentals to what at the time was the fastest IPO in history or haggling with his dad over whether to use the Jacobs name for a startup garbage hauler. But Jacobs, CEO of Greenwich-based XPO Logistics , was in new territory when he sat down to explore a potential acquisition of a counterpart company in Europe - only to learn the other CEO came to the meeting with every intent of buying him out.

$250 million plant expected to bring 300 jobs to Durant
The Oklahoma micro mill is expected to be commissioned in the fall of 2017 and to create about 300 jobs in the Durant area. The direct and indirect investment is expected to be in excess of $250 million.

Precision Castparts to buy Noranco for $560 mln
Precision Castparts Chairman and Chief Executive Mark Donegan said in prepared remarks Monday that the addition of Noranco "strengthens our existing market position in airframe products and their engine, landing gear, and machining capability will expand our product offering on current and next generation aircraft." Precision Castparts stated that Noranco's largest customers include Honeywell International Inc., Safran SA, Bombardier Inc., and Spirit AeroSystems Holdings Inc. Noranco, which has 1,100 employees in North America, has strong content positions on the next generation commercial platforms made by Boeing Co.

Chicago Bridge & Iron: Still A Great Prospect
Shares of Chicago Bridge & Iron rose more than 4% on July 24th after the company reported revenue and earnings for its second fiscal quarter. Although investors have been bearish about the business, things are looking really good and I suspect that this trend will continue in the long run.


Plastics Industry News
Taranaki Regional Council Enviro Awards a Farce
"Dow AgroSciences, Fonterra and Methanex are three named sponsors of Taranaki Regional Council's Environmental Awards. Their sponsorships makes a total mockery of these awards.

Goodyear Tire & Rubber (GT) Richard J. Kramer on Q2 2015 Results - Earnings Call Transcript
Good morning. My name is Keith, and I will be your conference operator today. At this time, I would like to welcome everyone to The Goodyear Tire & Rubber Company Second Quarter Earnings Conference Call.

TPE targets overmolding of nylon grips
PolyOne Corp. has developed a thermoplastic elastomer for overmolding nylon grips while providing better oil and abrasion resistance than rival TPEs in this end use. The materials major says GLS Versaflex OM TPE bonds tightly to nylon substrates for a soft and resilient grip desirable for safety and ergonomics.

E. I. du Pont de Nemours' (DD) CEO Ellen Kullman Discusses Q2 2015 Results - Earnings Call Transcript
Welcome to the DuPont Second Quarter 2015 Conference Call. My name is John. I will be your operator for today's call.

DuPont Reports 2Q Operating EPS of $1.18
Excluding the impact of currency, operating EPS would have increased about 15 percent versus prior year. Operating margins improved in 5 of the 6 ongoing operating segments which comprise the next generation DuPont including Performance Materials, Electronics & Communications, Agriculture, Nutrition & Health, and Safety & Protection.

BASF: Mixed Results, Still Cheap
BASF , the world's largest chemical company, reported second quarter and H1 results recently. The company saw some struggles in its business, but the long-term outlook remains good and BASF continues to trade at a huge discount to its peers.

US stocks rise; earnings outpace China worries
U.S. stocks rose Tuesday, rebounding from their longest losing streak since January, amid better-than-forecast earnings and as Chinese equities pulled back from a selloff. United Parcel Service Inc. advanced 5 percent after posting profits that beat projections, while Masco Corp. and Eastman Chemical Co.

DuPont's Earnings Don't Show Need To Rethink CEO Ellen Kullman's Turnaround Plan
I'm a staff writer on Forbes' investing team, where I cover banks, asset managers and corporate mergers. I'm on the lookout for the next big thing being pitched on Wall Street and I like to delve into the stories and stocks that investors missed.

DuPont trims outlook on agricultural weakness
DuPont Co. on Tuesday trimmed its earnings outlook for the year, as weak demand in crop protection markets, lower corn area in Latin America and tepid soybean volumes weigh on its agricultural business.

Earnings Scheduled For July 28, 2015
Ford Motor Company is estimated to report its quarterly earnings at $0.37 per share on revenue of $35.34 billion. Twitter Inc is expected to post its quarterly earnings at $0.04 per share on revenue of $481.28 million.

First Three Winners of 2015 Gear Giveway Announced
For the fourth year, Globe, DuPont Protection Technologies , and the National Volunteer Fire Council have partnered to provide new, state-of-the-art turnout gear to fire departments in need. Through the 2015 Globe Gear Giveaway Program, 13 departments from the United States and Canada will each receive four sets of gear.

Eastman Chemical reports higher earnings
"Our earnings outlook for the year has improved due to our record second-quarter earnings," said Mark Costa, Eastman Chemical chairman and chief executive. "We expect this momentum to continue into the second half of the year."

Materials | PolyOne posts record earnings per share, but disappoints...
In the second quarter of 2015, compounding and resin distribution leader PolyOne Corp. posted the highest adjusted earning per-share of its 15-year history. The 57 cents per share in adjusted earnings was an all-time high for Avon Lake, Ohio-based PolyOne.

Victor Mitchell
He was born Sept. 5, 1936 in Akron, the son of the late Victor Charles and Helen E. Mitchell Sr. He worked 41 years for the Goodyear Tire and Rubber Co.

PolyOne's (POL) CEO, Robert Patterson on Q2 2015 Results - Earnings Call Transcript
Good morning ladies and gentlemen and welcome to the PolyOne Corporation's Second Quarter 2015 conference call. My name is Stephanie and I will be your operator for today.

Earnings Preview: Goodyear Tire & Rubber Poised For Q2 Beat
We model Goodyear to beat on both revenues and earnings based on strong organic growth in Latin America and Asia in addition to falling oil and rubber prices. Goodyear Tire and Rubber Company reports Q2 FY2015 earnings before market opens on Wednesday, July 29th.

Stocks To Watch For July 27, 2015
Wall Street expects Norfolk Southern Corp. to report its quarterly earnings at $1.42 per share on revenue of $2.79 billion. Norfolk Southern shares fell 0.57 percent to close at $83.00 on Friday.

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