|Bid||1.7100 x 21500|
|Ask||1.7200 x 39400|
|Day's Range||1.7100 - 1.8500|
|52 Week Range||1.6500 - 5.3400|
|Beta (5Y Monthly)||1.97|
|PE Ratio (TTM)||20.84|
|Forward Dividend & Yield||0.02 (1.32%)|
|Ex-Dividend Date||Mar 01, 2020|
|1y Target Est||21.52|
Brazil steelmaker Gerdau on Friday announced several production cuts, including temporarily shutting down one of its blast furnaces, following in the footsteps of its domestic competitors as the coronavirus outbreak has harmed demand. Overall, Brazil's steelmakers have been cutting down on steel production since the outbreak began affecting markets. In the past few days, in addition to Gerdau, Usinas Siderurgicas de Minas Gerais said on Thursday it would shut down two more blast furnaces, bringing the total to four.
Moody's Investors Service ("Moody's") affirmed Gerdau S.A. ("Gerdau")'s Ba1 corporate family rating and the Ba1 ratings of the debt issues of Gerdau Trade Inc. (guaranteed by Gerdau S.A. and its operating subsidiaries in Brazil) and of GTL Trade Finance Inc. (guaranteed by Gerdau S.A. and its operating subsidiaries in Brazil), as well as the solid waste disposal bonds issued by St. Paul Port Authority, MN (guaranteed by Gerdau S.A.). The outlook for the ratings was changed to stable from positive.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
The Zacks Analyst Blog Highlights: Franco-Nevada, Kirkland Lake Gold, Newmont, Daqo New Energy and Gerdau
The largest Canadian marijuana companies have less than a year’s worth of cash left on average, according to a new study.
As the steel industry looks poised for a rebound this year after a gloomy 2019, it would be prudent to invest in steel stocks that have compelling prospects.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
Swedish bearings maker SKF has signed a performance-based deal with Brazil's largest steelmaker, Gerdau, aimed at increasing productivity and reducing unplanned downtime at two of Gerdau's steel mills. SKF sees such contracts, where it gets paid a fee based on pre-agreed performance levels of the customer's machinery rather than its traditional transaction-based model, as a major part of its future strategy. SKF claims it can help clients boost output, cut maintenance costs and at the same time make operations more sustainable, by working in the performance-based model.
The Brazilian government is in touch with the U.S. Trade Representative's office and other agencies about U.S. President Donald Trump's surprise decision to restore tariffs on Brazilian steel and aluminum, according to a source familiar with Brasilia's reaction. The source, who was not authorised to speak publicly, rejected the U.S. claim that the Brazilian government was manipulating its real currency, noting the central bank of Brazil had recently intervened to strengthen - not weaken - the real.
Brazil's main steel industry body said on Monday that it was "perplexed" by U.S. President Trump's decision to restore tariffs on Brazilian steel and aluminum, calling the move "retaliation" and saying that the Brazilian government was not artificially devaluing its real currency. In a statement, the body, known as Instituto Aco Brasil, said the decision ultimately hurts U.S. steelmakers who are dependent on Brazilian steel components for their operations.
WASHINGTON/RIO DE JANEIRO, Dec 2 (Reuters) - U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers.
A growing logistics company headquartered in Dayton is eyeing a new market. Iuvo Logistics, a transportation management solutions provider that in 2019 was named one of the fastest-growing private companies in the nation, plans to invest millions of dollars to expand its presence in the midwest. Company leaders David White and James Dowd told me Iuvo is expanding in several areas — including in Cincinnati, Chicago and Memphis — but its main focus is further south.