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Los Angelas, CA -- (SBWIRE) -- 09/10/2012 -- Mechel OAO Mechel (NYSE:MTL) is +0.93 - +15.35% from the previous close of $6.06. It traded between $6.28 - 7.10 with total traded volume of 9815943 shares. Keep a close eye on MTL, as the stock has been showing unusual moves over the past weeks. At Current market price,MTL has recovered +37.60% from its 52-week Low of 5.08 and has Pulled back -56.80% from its 52-week high of 16.18. The company owns and controls essential infrastructure, including ports, rolling stock and power plants, which provide access to the export markets. It is capable of internally sourcing most of its raw materials. In addition, Mechel’s cost advantage is in danger of being wiped out as the company has seen costs rising at a fast clip over the last three years. Increase in electricity costs, railway transportation, natural gas and labor coupled with effects of inflation could drive Mechel’s costs further north and diminish its earnings power.
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Quiksilver, Inc. (NYSE:ZQK) is +0.51 - +16.67% from the previous close of $3.06. It traded between $3.30 - 3.72 with total traded volume of 4530164 shares. Keep a close eye on ZQK, as the stock has been showing unusual moves over the past weeks. At Current market price, ZQK has recovered +70.81% from its 52-week Low of 2.09 and has Pulled back -26.99% from its 52-week high of 4.89. Shares of clothing maker Quiksilver were flying off the shelves today, gaining as much as 22% on a strong earnings report.Shares of clothing maker Quiksilver were flying off the shelves today, gaining as much as 22% on a strong earnings report. The surf-inspired apparel company delivered an adjusted profit of $0.09 a share, well ahead of analyst estimates of $0.05 per share. Perhaps equally telling, though, was that revenue grew just 2% to $512.4 million, short of the Street's expectations of $528 million.
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Noranda Aluminum (NYSE:NOR) reported EPS of 1.40. For the Current Fiscal year, the company is expected to report EPS of 0.22. For the Next Quarter and Next Year, the company is expected to report EPS of 0.06 and 0.81 respectively. At Current Market Price, NOR is in distance of +10.32% from its 50-day Moving Average price of $6.2363 and -19.17% from its 200-day Moving Average price of $8.5114. Noranda Aluminum Holding Corporation (NYSE: NOR) announced that on Friday, September 7, 2012, United Steelworkers ("USW") members at its aluminum smelter in New Madrid, Missouri ratified a new five-year contract. The contract covers approximately 80% of the workforce in New Madrid.
"We deeply value our New Madrid employees, their families, and the community," said Layle K. "Kip" Smith, Noranda's President and Chief Executive Officer. "We celebrate this new labor agreement because it reflects the commitment to New Madrid's success demonstrated by the USW and Noranda negotiating teams. It achieves Noranda's goals of rewarding employees for their hard work, making the plant a safer place, and accomplishing changes that are needed for Noranda to be sustainable for the future."
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New York, NY- Cliffs Natural Re (NYSE:CLF) is very active today and traded between $36.16 - 40.22 with total traded volume of 15960102 shares. At a current price of 39.91, CLF is +5.05 - +14.49% from the previous close of $34.86. Moreover, At Current Market Price, CLF is in distance of -1.54% from its 50-day Moving Average price of $40.5337 and -25.69% from its 200-day Moving Average price of $53.7071. Shares of Cliffs Natural Resources Inc. exploded Friday on the United Steelworkers of America’s announcement that the union has agreed to continue working beyond a September 1st contract deadline and to return to the bargaining table on October 8th. Meanwhile earlier this week at United States Steel Corporation, labor talks ended in a temporary three-year contract while discussions continue at ArcelorMittal.
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