|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||19.99 - 20.42|
|52 Week Range||17.06 - 30.76|
|Beta (3Y Monthly)||2.01|
|PE Ratio (TTM)||3.99|
|Earnings Date||Feb 8, 2018 - Feb 12, 2018|
|Forward Dividend & Yield||0.08 (0.43%)|
|1y Target Est||37.97|
Steel Companies’ Q4 Earnings: Gains and Losses(Continued from Prior Part)Global slowdown Previously in this series, we discussed steel companies’ fourth-quarter shipments and 2019 guidance. In this part, we’ll discuss steel
Steel Companies’ Q4 Earnings: Gains and Losses(Continued from Prior Part)US steel producers Last year, steel companies including Nucor and Steel Dynamics posted record earnings. Tariffs lifted US steel prices to multiyear highs. In this part,
Labour leaders, who hold half the seats on Thyssenkrupp's supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said. Thyssenkrupp and Tata Steel are planning to combine their European steel activities to create the continent's No. 2 steelmaker after ArcelorMittal, raising concerns that far-reaching remedies are required to secure antitrust approval. The European Commission is expected to outline its competitive concerns about the merger this week, calling on the two firms to offer compromises to avert a potential veto.
Steel Companies’ Q4 Earnings: Gains and Losses(Continued from Prior Part)Shipments Steel companies’ revenues are a function of average steel prices and shipments. In this part, we’ll compare steel companies’ fourth-quarter shipments.
Steel Companies’ Q4 Earnings: Gains and LossesSteel companies’ fourth-quarter earningsWe’re getting towards the end of the fourth-quarter earnings season. All of the leading US steel producers have released their quarterly earnings. Steel
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over(Continued from Prior Part)HBI plantAfter Cleveland-Cliffs’s (CLF) debt repayment concerns were taken care of, it started refocusing on growth. It is currently in the process of
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over(Continued from Prior Part)Realized prices for mining and pelletizing Cleveland-Cliffs’ (CLF) Mining and Pelletizing (or M&P) segment’s realized revenues are influenced by
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over(Continued from Prior Part)Mining and Pelletizing Cleveland-Cliffs (CLF) renamed its US iron ore division the “Mining and Pelletizing” (or M&P) division, and the HBI
Germany's Thyssenkrupp and India's Tata Steel will be warned this week that EU antitrust regulators could veto their planned European steel joint venture unless they offer concessions, people familiar with the matter said on Monday. The European Commission is expected to send a charge sheet known as a statement of objections to the companies, the people said. Such documents set out serious competition concerns which companies have to address with specific concessions or see their deal blocked.
Why Is Cleveland-Cliffs Stock Soaring Even after 4Q Miss?Cleveland-Cliffs’ Q4 2018 results Cleveland-Cliffs (CLF) released its fourth-quarter earnings today before the markets opened. It reported adjusted EPS of $0.55, which missed earnings
Miner ArcelorMittal said in a written statement on Friday that it evacuated a Brazilian town of about 200 inhabitants near one of its dams in Minas Gerais state after conducting more rigorous inspections ...
What’s in the Cards for Cleveland-Cliffs' Q4 Results?(Continued from Prior Part)Cleveland-Cliffs’ valuationAmong major US (SPY) steel stocks (XME), U.S. Steel (X) and ArcelorMittal (MT) are trading at the lowest forward EV-to-EBITDA multiples of
Inhabitants of the Brazilian city of Itatiaiuçu in the state of Minas Gerais have been evacuated as a Arcelor Mittal dam is at risk, firefighters said on Friday. They did not explain what type of risk ...
ArcelorMittal SA, the world’s largest steelmaker, posted its highest annual profit in almost decade on Thursday, helped by the U.S. steel tariffs that boosted revenue in the company’s large North American business. ArcelorMittal predicted growth in global steel consumption would fall this year and many analysts believe that the industry faces challenges as the global economy slows. Demand in China, in particular, is expected to contract, which could also mean the country’s own steel products will end up competing abroad.
What’s in the Cards for Cleveland-Cliffs' Q4 Results?(Continued from Prior Part)Realized revenues Along with volumes, realized revenues are among the most important components that drive a commodity company’s top line. Realized prices also help
ArcelorMittal, as well as smaller European producers like Salzgitter AG and Voestalpine AG, are sounding the alarm about weakening conditions, particularly in China. Demand in the U.S. and Europe will grow at a slower pace this year, ArcelorMittal said. “Whether the ultimate outcome is a bit more positive clearly depends on possible additional stimulus measures in China” and the potential for a trade truce with the U.S., said Commerzbank AG analyst Ingo Schachel.
ArcelorMittal, the world's largest steelmaker, forecast on Thursday a moderate expansion in global steel demand in 2019 after a healthy market drove its 2018 earnings to their highest in a decade. Excluding China - where ArcelorMittal has a minimal presence - global growth would be 2-3 percent, compared with 2.1 percent in 2018, he said. ArcelorMittal shares fell after an initial rise and were trading down 3.2 percent at 20.59 euros at 1030 GMT.
ArcelorMittal, the world's largest steelmaker, on Thursday forecast a slight expansion of global steel demand in 2019 after a healthy market drove its earnings to their highest level in a decade last year. The company said it expected world steel demand to grow by between 0.5 and 1 percent this year after an increase of 2.8 percent in 2018. Demand, it said, would improve in all regions except China, the world's biggest producer and consumer of steel, where ArcelorMittal has a minimal presence.
The steel industry is at the heart of trade tensions between the US and China, which have engaged in a tit-for-tat with tariffs on a wide range of goods following President Donald Trump’s imposition of heavy duties on metal imports last year. This was an increase of 22 per cent and its best showing since 2009. Revenue climbed 10.7 per cent to $76bn.
7 February 2019 - ArcelorMittal today announces a share buyback program (the ‘Program’) under the authorization given by the annual general meeting of shareholders held on May.
Luxembourg, February 7, 2019 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading.
What’s in the Cards for Cleveland-Cliffs' Q4 Results?Upcoming fourth-quarter resultsCleveland-Cliffs (CLF) is slated to release its fourth-quarter results before the market opens on February 8. It will have a conference call with analysts and
Broader economic pessimism was behind the huge hit steel stocks took in December, but last month, impressive earnings results drove a rebound.
Analysts Are Turning Positive on CLF ahead of Its 2018 ResultsAnalysts’ sentimentsMany analysts turned positive on Cleveland-Cliffs (CLF) stock in 2018. A year ago, only 33% of the analysts covering it rated it as a “buy.” Now, 59% of analysts