|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||1.05|
|Dividend & Yield||0.55 (2.30%)|
|1y Target Est||N/A|
Behind the scandal engulfing Kobe Steel Ltd. over the falsification of data for some of the materials it supplied is a harsh reality for Japanese steel companies: the need to provide higher and higher ...
Announcement: Moody's: Japan steel majors' credit quality supported by rising profitability. Global Credit Research- 23 Aug 2017. Tokyo, August 23, 2017-- Moody's Japan K.K. says that the credit quality ...
Brazilian steelmaker, Gerdau S.A. (GGB) is poised to reap benefits from growth in Brazilian and global steel demand. Diversified business structure and strategic initiatives are added advantages.
Announcement: Moody's changes outlook for Asian steel industry to stable from negative. Global Credit Research- 17 Aug 2017. Hong Kong, August 17, 2017-- Moody's Investors Service has changed the outlook ...
Gerdau S.A's (GGB) net income in second-quarter 2017 fell 19.1% year over year due to sales decline, adverse impacts of foreign currency translation and higher income tax expenses.
Japanese steelmakers are upbeat on their earnings for this fiscal year as they are passing heavier raw materials costs on to customers by raising product prices, betting on solid demand at home and abroad. The main risks to their earnings outlook would be any impact on the economy in China, the world's biggest steel producer and consumer, from policy changes after the 19th National Congress of the Chinese Communist Party later this year, or any action taken by the U.S. government to curb its steel imports.
Rating Action: Moody's stabilizes Nippon Steel& Sumitomo Metal outlook from negative. Global Credit Research- 11 Jul 2017. Tokyo, July 11, 2017-- Moody's Japan K.K. changed Nippon Steel& Sumitomo Metal ...
Convincing teenagers in Japan that working for a giant, 116-year-old manufacturer is a sexy career choice seems like a tough sell. It’s even more difficult if the target audience can’t figure out the company’s ...
Most members of Usinas Siderúrgicas de Minas Gerais SA's board want to oust Chief Executive Officer Rômel de Souza for allegedly taking action to replenish the Brazilian steelmaker's cash balance without the board's permission, two people with knowledge of the matter said on Wednesday. More than half of Usiminas' 11-member board say Souza acted unilaterally to tap cash from mining subsidiary Musa Mineração Usiminas SA, which might have helped trigger the transaction's collapse in January, according to the sources, who requested anonymity because of the sensitivity of the issue. Reuters reported on Jan. 13 that Souza and Musa President Wilfred Brujin had agreed to the use of the unit's excess capital without the steelmaker's board permission.
Categories: Yahoo Finance Get free summary analysis Nippon Steel & Sumitomo Metal Corp. reports financial results for the quarter ended December 31, 2016. Highlights Summary numbers: Revenues of USD 10,695.22 million, Net Earnings of USD 441.98 million. Gross margins narrowed from 13.37% to 13.13% compared to the same period last year, operating (EBITDA) margins now 10.49% from 10.41%. ... Read more (Read more...)
Nippon Steel & Sumitomo Metal Corp does not rule out discussing with partner Ternium SA an amendment of an existing shareholder accord giving them the possibility of exiting Brazilian steelmaker Usinas ...
Usinas Siderúrgicas de Minas Gerais SA, the Brazilian steelmaker seeking to honor terms of a refinancing deal with banks, plans to legally challenge a shareholder veto on Tuesday that forbids it from using some of a mining subsidiary's capital to jumpstart operations and repay debt. In a securities filing, Usiminas said Sumitomo Corp , which owns 30 percent of the Mineração Usiminas SA subsidiary, vetoed reducing the unit's capital by 1 billion reais ($313 million). Usiminas, which needs Musa's cash, will seek to annul Sumitomo's veto through "valid legal means".
Japan's biggest steelmaker Nippon Steel said on Tuesday it has agreed with Glencore Plc and Teck Resources Ltd on a coking coal price for first quarter of 2017 supplies that is 43 percent higher than the previous quarter. The companies agreed on a price of $285 a tonne for supplies of Australia's premium hard coking coal for the January-March quarter next year, a Nippon Steel spokeswoman said, without giving any details.