34.94 -0.01 (-0.01%)
After hours: 4:02PM EDT
|Bid||34.94 x 11800|
|Ask||34.94 x 100|
|Day's Range||34.38 - 35.05|
|52 Week Range||19.59 - 37.50|
|PE Ratio (TTM)||7.83|
|Earnings Date||Feb 21, 2017 - Feb 27, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.63|
Iron ore and steel scrap are the key steelmaking raw materials. In the United States, steel prices and scrap prices tend to move in tandem. On the other hand, Chinese steel and seaborne iron ore prices usually mirror each other.
US steel prices have risen sharply this year. Benchmark HRC (hot-rolled coil) prices are currently in the ballpark of $850 per ton, according to the data compiled by SteelBenchmarker. While there are several grades of steel products, HRC prices serve as a benchmark to gauge steel pricing environment.
With the Section 232 tariffs, the US Commerce Department intends to improve the domestic steel industry’s capacity utilization rate. The US steel industry has operated at a capacity use ratio below 80% since November 2014. Low capacity use could be due to higher imports. US steel producers, including AK Steel (AKS), had to shut down some of their plants and curtail production in response to high import penetration levels. However, we’ve seen some respite from steel imports in February. Imports could fall further after the Section 232 tariffs. ...
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The 1Q18 earnings season is in full swing now. Steel Dynamics is expected to release its 1Q18 earnings on April 18, which would be followed by Nucor’s (NUE) earnings release on the next day. AK Steel (AKS) and U.S. Steel Corporation (X) are scheduled to release their 1Q18 results on April 30. ArcelorMittal (MT) has scheduled its 1Q18 earnings release for May 11.
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Although investors are still concerned about Cleveland-Cliffs’ (CLF) debt, it’s come a long way with respect to its debt levels. Following the company’s change in management in 2014 and its focus on debt reduction as the utmost priority, investors’ concerns have been allayed somewhat.
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Wall Street analysts expect Cleveland-Cliffs (CLF) to generate revenue of $200 million in 1Q18, which implies a fall of 57% YoY (year-over-year). This expectation resulted from the company’s guidance of only 1.0 million tons of sales volumes from its US division in 1Q18 compared to 3.1 million tons in 1Q17.
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Realized prices also help assess the market sentiment, as they’re derived from existing market prices. Cleveland-Cliffs’ (CLF) realized prices came in at an average of $83.4 per ton in 4Q17, a rise of 13% YoY (year-over-year).
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Cleveland-Cliffs (CLF) will release its 1Q18 results before the US market opens on April 20, 2018. Cleveland-Cliffs’ 1Q18 results are important for investors for several reasons.
BRUSSELS (Reuters) - ArcelorMittal has submitted divestment proposals to the European Commission aiming to secure EU competition clearance for its purchase of Italian steelmaker Ilva, the world's largest ...
13 April 2018- ArcelorMittal announces that, as part of the ongoing European Commission review into its acquisition of Ilva, it submitted a proposed divestment package to the EC to address concerns the ...
13 April 2018 - ArcelorMittal (`the Company`) announces that, as part of the ongoing European Commission (`EC`) review into its acquisition of Ilva, it submitted a proposed divestment package to the EC ...
ArcelorMittal's (MT) shares ride on better-than-expected earnings performance, upbeat outlook and the company's internal initiatives.
Let's put ArcelorMittal (MT) stock into this equation and find out if it is a good choice for value-oriented investors right now.
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Luxembourg, 12 April 2018- ArcelorMittal has published a convening notice for its Extraordinary General Meeting of shareholders, which will be held on 16 May 2018 at 11.00 a.m. CET at the company's registered ...
Luxembourg, 12 April 2018 - ArcelorMittal has published a convening notice for its Extraordinary General Meeting of shareholders, which will be held on 16 May 2018 at 11.00 a.m. CET at the company`s ...
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Net income ratio gives us the exact profitability level of a company and reflects the percentage of net income to total sales revenues.