|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||4.86 - 5.01|
|52 Week Range||2.60 - 5.32|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.77%)|
|1y Target Est||6.62|
IRVING, Texas, April 19, 2018 /PRNewswire/ -- Commercial Metals Company (CMC) ("CMC") announced today that it has agreed to sell $350 million aggregate principal amount of 5.750% Senior Notes due 2026 (the "Notes") in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering is expected to close on or about May 3, 2018, subject to customary closing conditions. CMC intends to use the net proceeds from the offering to finance a portion of the purchase price of its previously announced acquisition of certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. (GGB) (the "Business").
Moody's Investors Service, ("Moody's") assigned a Ba3 rating to Commercial Metals Company's (CMC) proposed $350 million senior unsecured notes due in April 2026. Proceeds, together with the term ...
IRVING, Texas, April 19, 2018 /PRNewswire/ -- Commercial Metals Company (CMC) ("CMC") announced today that it is offering to sell, subject to market and other conditions, $350 million aggregate principal amount of Senior Notes due 2026 (the "Notes") in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Final terms for the offering of the Notes will be determined at the time of pricing. CMC intends to use the net proceeds from the offering to finance a portion of the purchase price of its previously announced acquisition of certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. (GGB) (the "Business").
SÃO PAULO, 3 de abril de 2018 /PRNewswire/ -- GERDAU S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) hereby announces that the Form 20-F related to the fiscal year ended December 31, 2017 was filed with the ...
Gerdau's (GGB) divestment of its North American assets, including two downstream facilities and one wire rod mill, is going to help it enhance profitability from the rest of the assets in the region.
NEW YORK, March 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Brazil's steel industry is set for a continued turnaround in 2018 amid pick-up in demand, but rising protectionism may become a larger concern going ahead, says Moody's Investors Service in a new report. ...
Seasonal demand pick-up coupled with high lead times have positively impacted flat-rolled steel prices. It’s also worth noting that U.S. Steel (X) and AK Steel (AKS) took some of their flat-rolled capacity offline in 2015 in response to falling spot steel prices. Rebar prices have underperformed HRC (hot rolled coil) recently.
Moody's Investors Service, ("Moody's") comments that the proposed 25% US tariff on its steel imports, which President Donald Trump will likely formally enact this week, will not dramatically ...
PORTO ALEGRE, Brazil , Feb. 28, 2018 /PRNewswire/ -- 4Q17 Highlights Free cash flow of R$ 1.5 billion in 2017. Selling, general and administrative expenses decrease 26% in 4Q17 compared to 4Q16, corresponding ...
On the 4Q17 earnings call, ArcelorMittal’s (MT) CEO, Lakshmi Mittal, outlined a new capital allocation strategy. According to Mittal, “Mostly, we will continue to prioritize deleveraging, we believe that a net debt level of $6 billion with an appropriate target to sustain investment-grade rating metrics and support positive free cash flow even in the low point on the cycle. A few years back, ArcelorMittal set itself a medium-term net debt target of $15 billion.
Along with releasing its 2017 results, Kinross Gold (KGC) also announced an acquisition of two hydroelectric power plants in Brazil from a subsidiary of Gerdau (GGB). The rationale behind this acquisition is to secure long-term, low-cost power for its Paracatu mine in Brazil. This power should lower the overall production costs for the company’s Paracatu mine over its mine-life.
Kinross Gold (KGC) released its 4Q17 and 2017 results on February 14, after the market closed, and held a conference call with analysts on February 15. Kinross Gold stock dropped ~7% on February 15, underperforming the VanEck Vectors Gold Miners ETF (GDX), which fell just 1.0%. Goldcorp (GG) and Barrick Gold (ABX) also released their 4Q17 results on February 14 and held earnings calls the next day.
Gerdau's (GGB) divestment deal, related to two hydroelectric power plants in Goias with a business unit of Kinross Gold, will strengthen the company's core operations upon completion.
TORONTO, Feb. 14, 2018-- Kinross Gold Corporation is pleased to announce that its wholly-owned subsidiary, Kinross Brasil Mineraçao, has agreed to acquire two hydroelectric power plants in Brazil from ...
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.
Brazilian steelmaker Cia Siderúrgica Nacional is considering selling assets to reduce debt but is not "under pressure" to do so as it expects to conclude talks to refinance its debt with state banks, a senior executive told Reuters on Wednesday. "We may opt to sell assets instead of being pressured to do it," director Luis Fernando Martinez said. CSN, as the company is known, put assets up for sale in 2016, but has only made one small deal.
Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.
Rating Action: Moody's upgrades Gerdau to Ba2; stable outlook. Global Credit Research- 12 Jan 2018. New York, January 12, 2018-- Moody's Investors Service upgraded to Ba2 from Ba3 Gerdau S.A.' s corporate ...
Jacksonville's 280-employee steel mill was among the Gerdau (GGB) assets purchased by Commercial Metals Company (CMC) this month. Jacksonville's 600-acre facility is more than 40 years old and transforms 100 truckloads of scrap metal per-day into steel rebar. Now is a good time to be a producer of rebar, according to Lee Keevican, managing director of Renaissance Partners and former general counsel to Standard Steel (Freedom Forge Corporation) and American Alloys.
Stock Monitor: Gerdau Post Earnings Reporting LONDON, UK / ACCESSWIRE / January 04, 2018 / Active-Investors.com has just released a free research report on Commercial Metals Co. (NYSE: CMC ) ("CMC"). ...