|Bid||30.78 x 900|
|Ask||32.50 x 1100|
|Day's Range||30.32 - 31.34|
|52 Week Range||25.03 - 39.35|
|Beta (5Y Monthly)||1.68|
|PE Ratio (TTM)||10.12|
|Earnings Date||Apr 19, 2020 - Apr 23, 2020|
|Forward Dividend & Yield||0.96 (3.04%)|
|Ex-Dividend Date||Dec 29, 2019|
|1y Target Est||36.50|
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Trump administration expanded its trademark steel and aluminum tariffs to cover certain imported nails, staples, electrical wires and some downstream parts that go into automobiles and tractors, among other products.The decision comes almost two years after the administration implemented tariffs on imports of foreign raw steel and aluminum that President Donald Trump said threatened the viability of the domestic industries and therefore threatened U.S. national security.Some imports of derivative aluminum products would be subject to an additional 10% duty, while some derivative steel products would be slapped with a 25% tariff, he said.Argentina, Australia, Canada and Mexico were exempted from the additional aluminum tariffs. As for the steel tariffs, exemptions were allowed for Brazil, Argentina, Canada, Australia, Mexico and South Korea.While imports of aluminum and steel have declined since the Trump administration imposed levies, some derivative products “have significantly increased since the imposition of the tariffs and quotas,” according to Trump’s proclamation.Trump said in the document that he had agreed with Commerce Secretary Wilbur Ross in his findings that aluminum articles and steel articles were being imported into the United States in such quantities and under and under such circumstances as to threaten to impair the national security of the United States.”After the tariffs were imposed in 2018, American steelmakers, including Nucor Corp., U.S. Steel Corp. and Steel Dynamics Inc. enjoyed increased profits, which provided a catalyst for them to restart steel capacity or build new plants in the country.While steel prices initially rose, they’re down about 30% since the president’s announcement in March 2018. Steel companies, as well as American aluminum producers, including Alcoa Corp. and Century Aluminum Co., have seen shares fall because of declining demand -- alongside a dip in manufacturing activity, and because of increased domestic supply coming online.National security concerns regarding trade fall under Section 232 of the Trade Expansion Act. The original 232 decision of 2018 covered raw metal making and did not include downstream parts, which was a complaint among some domestic makers of parts that go into heavy machinery, automobiles, airplanes and other goods, who worried that importers would avoid the tariffs by simply importing value-added products.Since the beginning of his administration, Trump has used tariffs -- and the threat of them -- to affect policy.Earlier this week, at the World Economic Forum in Davos, Switzerland, he warned European leaders of new penalties if they were not willing to compromise on a trade deal before the U.S. elections in November.Trump departed from the more conciliatory tone he had struck earlier in the week, once again highlighting the option of tariffs on imports of European cars and parts and claiming that he targeted China first in his trade war because an unfair European Union is harder to deal with.“They have trade barriers where you can’t trade, they have tariffs all over the place, they make it impossible,” Trump said Wednesday. “They are frankly more difficult to do business with than China.”And last month, Trump reinstated tariffs on aluminum and steel from Argentina and Brazil, nations that he criticized for cheapening their currencies to the detriment of American farmers, and he again called on the U.S. Federal Reserve to loosen monetary policy.Linking his trade agenda with his Fed criticism in an early morning tweet, he said the two South American countries “have been presiding over a massive devaluation of their currencies, which is not good for our farmers.”To contact the reporter on this story: Joe Deaux in New York at email@example.comTo contact the editors responsible for this story: Kevin Whitelaw at firstname.lastname@example.org, John HarneyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Steel Dynamics' (STLD) earnings decline in Q4 due to two planned annual maintenance outages at the Butler and Columbus flat roll divisions.
Steel Dynamics (STLD) delivered earnings and revenue surprises of 10.71% and 4.52%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Steel Dynamics, Inc. (NASDAQ/GS: STLD) one of the largest domestic steel producers and metals recyclers in the United States, today announced it has revised its fourth quarter and full-year 2019 earnings conference call time on Thursday, January 23, 2020. The call is now scheduled to begin at 9:00 a.m. Eastern Daylight Time on Thursday, January 23, 2020, one hour earlier than previously scheduled in order to avoid overlap with the earnings calls of other companies in the sector. The Company intends to release fourth quarter and full-year 2019 financial results after market close on Wednesday, January 22, 2020.
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.
A company's creditworthiness depends on how effectively it meets interest obligations. One that is capable of generating earnings well above its interest expense can withstand financial hardships.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Steel Dynamics, Inc...
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
The Trump administration's trade actions largely contributed to the year-over-year declines in total and finished U.S. steel imports in 2019.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
As the steel industry looks poised for a rebound this year after a gloomy 2019, it would be prudent to invest in steel stocks that have compelling prospects.
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 fourth quarter and full-year 2019 financial results after market close on Wednesday, January 22, 2020. The teleconference is scheduled to begin at 10:00 a.m. Eastern Daylight Time on Thursday, January 23, 2020 and will be hosted by Mark D. Millett, President and Chief Executive Officer, and Theresa E. Wagler, Executive Vice President and Chief Financial Officer.
Considering the two planned outages, margin compression and seasonally lower shipments, Steel Dynamics (STLD) expects profitability from steel operations to be sequentially lower in Q4.
Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided fourth quarter 2019 earnings guidance in the range of $0.49 to $0.53 per diluted share.
Steel Dynamics (STLD) plans to use the net proceeds from the notes for redeeming and discharging the entire $700 million of its 5.125% senior notes due 2021, and general corporate purposes.