40.25 -0.01 (-0.02%)
After hours: 4:04PM EDT
|Bid||40.00 x 3100|
|Ask||41.80 x 1100|
|Day's Range||39.83 - 41.08|
|52 Week Range||35.48 - 52.10|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||9.17|
|Earnings Date||Oct 17, 2018|
|Forward Dividend & Yield||0.75 (1.77%)|
|1y Target Est||53.57|
The VanEck Vectors Steel ETF (NYSEArca: SLX) was mostly steady Monday even after a major Wall Street bank downgraded domestic steel stocks, citing supply concerns. “Credit Suisse on Monday downgraded the ...
Cleveland-Cliffs (CLF) stock has received six upgrades (including initiations) and just one downgrade in 2018 so far.
The volatile steel sector has yet to obtain the stamp of approval from sell-side firms despite expectations that President Donald Trump's tariffs could lend support. Ahead of the third-quarter reporting ...
Below is a list of notable corporate events for the week beginning October 15. Note, this list is not comprehensive and all dates are subject to change. All times are ET. Monday Economic U.S. Food and ...
U.S. steel prices and production have hit multi-year highs due to the tariffs as well as strong demand from an expanding economy. Credit Suisse also downgraded Nucor Corp, Steel Dynamics and Cleveland Cliffs to "neutral". The Trump administration's ongoing talks with Canada on tariffs related to steel and aluminum could also add to the oversupply of the commodity, the brokerage said.
Strong steel demand fundamentals, higher steel product pricing and significant metal spread expansion are likely to drive Steel Dynamics' (STLD) Q3 earnings.
Zacks.com featured highlights include: Huntington Ingalls, WellCare Health, Steel Dynamics, Nucor and CBRE
Nucor (NUE), the largest US-based steel producer, is scheduled to release its third-quarter earnings results on October 18. In this article, we’ll see how analysts are rating the stock ahead of its earnings release.
Steel Dynamics (STLD) has scheduled its third-quarter earnings release for October 17, and it will hold its earnings call the next day.
The third-quarter earnings season is fast approaching. Steel Dynamics (STLD) will be the first major steel company to release its quarterly performance on October 17. This release will be followed by Nucor’s (NUE) earnings release on October 18.
Steel Dynamics (STLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
An interest coverage ratio lower than one suggests that the company is unable to fulfill its interest obligations and could default on repaying debt.
The metals and mining industry has seen a lot of action in 2018. For steel and aluminum, President Trump’s Section 232 tariffs lifted US steel prices and physical aluminum premiums to multiyear highs. President Trump clamped down on US steel imports and other regions, especially the European Union, took measures to prevent import deflection after the US tariffs. However, steel prices have been quite resilient globally due to falling Chinese steel exports.
In the previous article, we noted that although the near-term outlook for US steel demand looks positive, rising interest rates might take a toll on steel demand from the construction and automotive sectors in the medium to long term. US steel production has picked up the pace after the implementation of President Trump’s Section 232 tariffs. The company also expects its production capacity to increase by ~1.0 million metric tons after it completes its asset revitalization plan.
FORT WAYNE, Ind., Oct. 5, 2018 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) one of the largest domestic steel producers and metals recyclers in the United States, today announced it intends to release third quarter 2018 financial results after market close on Wednesday, October 17, 2018. The teleconference is scheduled to begin at 10:00 a.m. Eastern Time on Thursday, October 18, 2018 and will be hosted by Mark D. Millett, President and Chief Executive Officer, and Theresa E. Wagler, Executive Vice President and Chief Financial Officer. To participate, please dial +1.201.689.8040 at least ten minutes before the start time and reference the Steel Dynamics Third Quarter 2018 Earnings Call. The teleconference can also be accessed (in listen-only mode) by visiting the company's website at www.steeldynamics.com.
In the final article in this series, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX). Among US (SPY) steel stocks (XME), U.S. Steel Corporation (X) and ArcelorMittal (MT) are trading at the lowest forward multiples of 3.4x and 4.1x, respectively. Cleveland-Cliffs, on the other hand, is trading at the highest multiple of 7.4x.
In the US steel sector, the demand for steel drives US steelmakers’ (SLX) revenues. As a result, investors who are interested in Cleveland-Cliffs (CLF) track US steel demand.
PPG Industries (PPG) has engineered polychromatic formulations with the aim to add heightened dimensions of brilliance and luster to metal-clad buildings.
In this article, we’ll look at some indicators of US steel demand (SPY). The construction and automotive sectors are leading steel users.
Cleveland-Cliffs' (CLF) latest contract agreement with the United Steelworkers (USW) will provide it a competitive cost structure.
US steel prices have risen sharply this year after the Section 232 tariffs. Companies like Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings and rewarding shareholders with generous buybacks amid higher cash flows. Meanwhile, US steel prices have already come off their 2018 highs.
Increasing US steel production and the domestic steel industry’s rising capacity utilization rates were among the objectives that the Commerce Department wanted to achieve with its Section 232 tariffs. To be sure, the US steel industry’s capacity utilization rate jumped above 80% in the week ending September 8. However, after strong gains in steel production, we’ve seen the growth rates moderate slightly. Let’s discuss this in perspective.