|Bid||8.95 x 0|
|Ask||9.12 x 0|
|Day's Range||8.81 - 9.10|
|52 Week Range||7.16 - 11.35|
|PE Ratio (TTM)||8.76|
|Earnings Date||Oct 29, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.95|
Brazilian steelmaker Cia Siderurgica Nacional has hired U.S. investment bank Jefferies to advise on the sale of its assets in Portugal and Germany, newspaper O Estado de S.Paulo reported on Sunday. The assets - Lusosider in Portugal and SWT in Germany - are expected to fetch $1 billion by October, the paper reported without citing a source for the information. CSN and Jefferies did not immediately respond to requests for comment.
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / Companhia Siderurgica Nacional Sponsored ADR (NYSE: SID) will be discussing their earnings results in their Q2 Earnings Call to be held on August 8, 2018 at ...
RIO DE JANEIRO/DUBAI (Reuters) - Anglo American has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner's troubled Brazilian project after spills from a pipeline that carries the commodity to port. The contract is worth nearly $1 billion (£0.7 billion) annually, according to Reuters calculations using average realized prices reported by Anglo for its Minas Rio mine last year. Bahrain Steel, which produces iron ore pellets for steelmakers, said the London-based miner declared force majeure in April on the contract, which locks in a 20-year supply of 13 million tonnes of iron ore annually.
Four stocks have been lined up for observation, and they are: AK Steel Holding Corp. (NYSE: AKS), ArcelorMittal (NYSE: MT), Commercial Metals Co. (NYSE: CMC), and Companhia Siderurgica Nacional (NYSE: SID). West Chester, Ohio headquartered AK Steel Holding Corp.'s shares jumped 4.50%, finishing last Friday's session at $4.88.
(Updates prices) By Bruno Federowski BRASILIA, June 15 (Reuters) - The Brazilian currency led gains in Latin American on Friday after the central bank announced it will extend a currency intervention plan while the Argentine peso slumped to a record low after the resignation of its central bank president. The real firmed 2.15 percent, clawing back some of its 2.7 percent drop the previous day, the currency's worst one-day percentage drop since May 2017. The real is down about 11 percent so far this year, the second-worst performing currency in the region behind the Argentine peso, which slumped to a new all-time low against the dollar on Friday after the resignation of Central Bank President Federico Sturzenegger.
Companhia Siderurgica Nacional (SID) or CSN is poised to gain from strengthening global economy and its efforts to improve products and services. High costs and debts remain an issue.
Brazil's benchmark Bovespa equities index and real currency both rose moderately on Tuesday as traders saw room to take a breather amid a rocky stretch for Latin America's largest economy. After an 8 percent ...
BRASILIA/SAO PAULO (Reuters) - Petrobras shares plunged 15 percent on Monday after Brazil's government offered new fuel subsidies and softened the oil producer's pricing policy in a bid to settle a truckers' strike that has wreaked havoc on Latin America's largest economy. As a result of tax cuts and subsidies announced by President Michel Temer late on Sunday, domestic diesel prices would fall 0.46 real per litre, or about 13 percent of the current price at the pump, and remain frozen for 60 days. Shareholders in state-controlled Petróleo Brasileiro SA (PETR4.SA), which earlier this month soared after the company reported its highest profits in five years, have been hammered as the stock lost nearly a third of its value in the past week.
Brazil's CVM securities regulator has opened an administrative investigation into the investor relations director of steelmaker Companhia Siderurgica Nacional SA, following a shareholder complaint, a newspaper ...
Moody's Investors Service ("Moody's") says Steel Dynamics, Inc's (SDI - Ba1 Corporate Family Rating, Stable) announced acquisition of Companhia Siderurgica Nacional Heartland Flat Roll Operations (CSN Heartland -- ultimately a subsidiary of Brazilian based Companhia Siderurgica Nacional -- B3 Corporate Family Rating, stable) is credit positive as it will expand SDI's flat roll steel capacity, particularly in high margin value-added products and will broaden its operational footprint and end-markets served. The acquisition price of $400 million (including $60 million of normalized working capital purchase price) is easily accommodated within SDI's iquidity position, which includes a cash position of $985.8 million at March 31, 2018. Headquartered in Fort Wayne, Indiana, Steel Dynamics, Inc. (SDI) manufactures steel through its domestic mini-mills, which have an estimated annual production capacity of approximately 11 million tons prior to the announced acquisition.
Moody's Investors Service ("Moody's") comments that Companhia Siderurgica Nacional's ("CSN", B3 stable) US asset sale is credit positive. On May 14, CSN announced that it entered into agreement to sell its US subsidiary CSN LLC to Steel Dynamics, Inc. (Ba1 stable) for $400 million (about BRL 1.5 billion) - with a potential for an additional $90 million in working capital adjustments.
The Chief Executive Officer of Brazilian steelmaker Companhia Siderurgica Nacional told analysts on Tuesday the company plans to sell up to 4 billion reais in assets by the end of the year. Benjamin Steinbruch ...
Companhia Siderurgica Nacional's (SID) first-quarter 2018 net earnings gain from solid revenue growth, partially offset by higher cost of sales and selling expenses.
The Brazilian real weakened on Monday after a presidential poll showed strong support for candidates seen by investors as unwilling to pursue a market-friendly agenda, while the Argentine peso extended ...
On Wednesday, May 09, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged higher at the closing bell. Eight out of nine sectors ended Wednesday's trading session in bullish territories. Taking into consideration yesterday's market sentiment, WallStEquities.com assessed the following Steel & Iron equities this morning: Companhia Siderurgica Nacional (NYSE: SID), Steel Dynamics Inc. (NASDAQ: STLD), TimkenSteel Corp. (NYSE: TMST), and United States Steel Corp. (NYSE: X).
(Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys "R" Us and Fortis Healthcare) April 17 (Reuters) - The following bids, mergers, acquisitions ...
Brazilian steelmaker Companhia Siderurgica Nacional is in talks to sell a U.S. unit to Steel Dynamics Inc for around $250 million, according to a report in the newspaper O Estado de S. Paulo on Tuesday. ...
Companhia Siderurgica Nacional's (SID) fourth-quarter 2017 net earnings increase over the year-ago quarter's loss. Revenues increase 10.5% year over year on higher steel products and iron ore prices.