|Bid||29.35 x 0|
|Ask||29.43 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||2.70|
|Earnings Date||Nov 03, 2021|
|Forward Dividend & Yield||1.92 (6.55%)|
|Ex-Dividend Date||Aug 02, 2021|
|1y Target Est||55.55|
Brazilian steelmaker Companhia Siderurgica Nacional's (CSN) cement unit is close to acquiring LafargeHolcim Ltd's assets in the country, two people with knowledge of the matter told Reuters on Thursday. Other bidders have been told that LafargeHolcim, the world's largest cement maker, has picked CSN's bid, the sources said on condition of anonymity as the talks are private. LafargeHolcim is selling the assets to reduce leverage and it analyzed proposals from CSN and local rival Mizu that aimed to acquire its full business in Brazil, the people said.
The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Although steel historically has been a major U.S. industry, the number of steel mills that produce the metal has declined sharply in the past several decades due to foreign competition.
It's turning out to be a nerve-wracking week for metals and mining stocks, with many breaking their winning streak that started this year and falling precipitously. There's a common link between all these stocks: They're industrial metals producers, dealing in base metals, which also explains why they're tumbling.