|Bid||3.3510 x 0|
|Ask||3.3580 x 0|
|Day's Range||3.3200 - 3.4070|
|52 Week Range||3.1250 - 6.4740|
|Beta (3Y Monthly)||2.18|
|PE Ratio (TTM)||10.62|
|Earnings Date||May 7, 2019|
|Forward Dividend & Yield||0.15 (4.11%)|
|1y Target Est||4.88|
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U.S. President Donald Trump said on July 20 he was ready to impose tariffs on an additional $500 billion (381.28 billion pounds) of imports from China, threatening to escalate the current trade clash with the Asian nation. Earlier this month, the United States imposed tariffs on $34 billion of Chinese imports. In return, China levied taxes on the same value of U.S. products.
China on Monday launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints that a flood of product has damaged the local industry. The Commerce Ministry said on Monday the investigation will target imports of stainless steel billet and hot-rolled stainless steel sheet and plate from the European Union, Japan, South Korea and Indonesia, which nearly tripled last year. The move follows a complaint by Shanxi Taigang Stainless Steel , with backing from four other state-owned mills including Baosteel's stainless steel division, which blamed cheap imports on falling prices, it said.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Outokumpu Oyj (HEL:OUT1V) has returned to shareholdersRead More...
Finland's Outokumpu (OUT1V.HE), one of the world's largest makers of stainless steel, believes the European Commission will come up with safeguard measures next month to protect the industry, its chief executive said. European steel exports are due to take a hit from President Donald Trump's move to impose a tariff of 25 percent on U.S. steel imports. Some of that will come to Europe, and that is our main concern, a big danger," Outokumpu Chief Executive Roeland Baan said in an interview.
An abundance of stainless steel in China following the ramp up of new production in Indonesia is threatening stainless mills globally and the nickel producers that supply them. Marking a major structural shift, China, which makes and consumes around half of the world's stainless, became a marginal net importer of hot-rolled stainless coil in December for the first time in more than seven years, data from the International Steel Statistics Bureau and from consultants CRU showed. This is after Chinese-owned stainless giant Tsingshan started production last August at a giant plant in Indonesia that should, by the end of 2018, have an annual capacity of 3 million tonnes.This is equivalent to 6 percent of last year's global flat stainless capacity, CRU says, and there is more to come, with China's Delong Holdings (DELO.SI) set to start production at its Indonesian stainless plant in 2019.
By Helen Reid LONDON (Reuters) - Advertising group Publicis and industrial stocks led European shares on Thursday as strong results spurred them higher, while the main indexes stalled, showing signs of ...