|Bid||4.62 x 300|
|Ask||4.63 x 700|
|Day's Range||5.09 - 6.14|
|52 Week Range||4.00 - 9.19|
|PE Ratio (TTM)||198.67|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||6.23|
WEST CHESTER, Ohio, Feb. 16, 2018-- AK Steel said today that it applauds U.S. Secretary of Commerce Wilbur Ross for his recommendations to President Trump that broad based relief be implemented to address ...
The Commerce Department is urging President Donald Trump to impose tariffs or quotas on imported aluminum and steel, which it calls a national security threat. The recommendations unveiled by Secretary ...
Steel and aluminum stocks moved sharply higher Friday after the U.S. Commerce Department issued a recommendation to President Donald Trump to enact steep tariffs or quotas on foreign companies. What You ...
Does the share price for AK Steel Holding Corporation (NYSE:AKS) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value using the discounted cash flow (DCF) method. IfRead More...
AK Steel Holding Corp (NYSE:AKS) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017.
In this article, we’ll look at steel companies’ 1Q18 earnings guidance from their 4Q17 earnings calls. On AK Steel’s (AKS) 4Q17 call, Jaime Vasquez, AK Steel’s CFO, said, “We expect that our average flat-rolled steel selling price per ton in the first quarter will be up marginally compared to the fourth quarter of 2017.” However, the company expects its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) margin to rise by 150 basis points in 1Q18 compared to the sequential quarter. Since AK Steel’s revenues are expected to be flat in 1Q18, higher margins should translate into higher EBITDA.
In this article, we’ll see what leading steel companies had to say about their shipment guidance. Jaime Vasquez, AK Steel’s (AKS) CFO, said during the company’s 4Q17 earnings call, “We estimate that our first quarter flat-rolled steel shipments will be marginally higher compared to the fourth quarter of 2017.” While the company expects a 15% sequential increase in its automotive shipments, it expects its shipments in distributor markets to fall in 1Q18 as a result of an outage at its Middletown Works plant. Among other steel companies, U.S. Steel Corporation (X) expects its 2018 flat-rolled steel shipments to be flat compared to 2017 at ~10 million tons.
U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminium imports that he said were unfairly hurting U.S. producers, including tariffs and quotas. Trump's comments - his strongest signal in months that he will take at least some action to restrict imports of the two metals - came in a meeting with a bipartisan group of U.S. senators and representatives at the White House.
As we discussed previously, ArcelorMittal (MT) has submitted its bid for Essar Steel. The acquisition, if completed, will provide ArcelorMittal with a strong platform in India. Notably, ArcelorMittal doesn’t have a major presence in India.
Earlier this week, ArcelorMittal (MT), the world’s largest steel producer, announced that it would bid for the stressed assets of Indian steel company Essar Steel (EPI). The announcement came after a couple of other acquisitions by ArcelorMittal. Last year, a consortium led by ArcelorMittal reached a binding agreement to buy the Ilva steel plant in Italy.
Below are five stocks to watch according to VantagePoint , a platform that uses artificial intelligence and intermarket analysis to predict price movement. What's On The Charts Each candle on the following ...
LONDON, UK / ACCESSWIRE / February 13, 2018 / Active-Investors.com has just released a free earnings report on AK Steel Holding Corp. (NYSE: AKS ) ("AK Steel"). If you want access to this report ...
Perhaps not surprisingly, the materials sector, a high beta group, got caught up in the recent equity market sell-off. Year-to-date, the Materials Select Sector SPDR (NYSE: XLB ), the largest materials ...