|Bid||7.09 x 1000000|
|Ask||7.23 x 1000000|
|Day's Range||7.08 - 7.08|
|52 Week Range||4.97 - 7.91|
|Beta (3Y Monthly)||0.08|
|PE Ratio (TTM)||4.29|
|Forward Dividend & Yield||1.27 (17.21%)|
|1y Target Est||N/A|
A Russian metal and mining group whose biggest shareholder is the billionaire oligarch Roman Abramovich is interested in acquiring part of British Steel, according to people aware of the situation. The Hayange facility in northern France employs around 400 people and is the main supplier of rail to French state-owned train monopoly SNCF.
Russia's second-biggest steelmaker Evraz reported on Thursday its strongest full-year core earnings in a decade, due to higher prices of steel and vanadium, and a weaker rouble. "The group generated (core earnings at their) highest level since 2008, which made it possible to pay dividends of $1.6 billion," Chief executive Alexander Frolov said in a statement. In October, Evraz said it was considering four new investment projects that would raise annual capital expenditure to between $830-990 million.
Britain's top share index rose slightly in choppy trade on Monday as leading software group MicroFocus (MCRO.L) surprised with a robust revenue outlook and Evraz (EVRE.L) was boosted by gains in steel prices in China. The FTSE 100 (.FTSE) closed up 0.1 percent, extending last week's gains as the market continued a cautious recovery from October's brutal sell-off, shrugging off weaker performances by Asian markets earlier. The FTSE 100 hit its session high after the pound was briefly knocked by data showing business activity in Britain's dominant services sector slowed to a seven-month low last month.
Russian steelmaker Evraz is considering spending almost half a billion dollars on a new rail mill in the United States, as U.S. tariffs on steel imports boost the company's U.S. rail business while piling on costs elsewhere. New protectionist measures, including a 25 percent duty on imports of steel from some countries to the United States, have sent domestic prices soaring, a boon for local producers. While Evraz's facilities in Portland, Oregon, use imported steel slabs from Russia, to which duties apply, its rail division in Pueblo, Colorado, supplies its own steel, and has become an unlikely winner.
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