38.70 -0.07 (-0.18%)
After hours: 7:47PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.20 - 39.20|
|52 Week Range||18.55 - 41.83|
|PE Ratio (TTM)||55.39|
|Earnings Date||Jan 31, 2018|
|Forward Dividend & Yield||0.20 (0.51%)|
|1y Target Est||39.54|
ArcelorMittal (MT), the world’s largest steel producer, outperformed its US-based peers including U.S. Steel Corporation (X) and AK Steel (AKS) last year. Based on the closing prices on January 17, ArcelorMittal has gained 13.5% year-to-date. ArcelorMittal (MT) has a “buy” or higher rating from 16 analysts.
Wall Street analysts are estimating that Cleveland-Cliffs (CLF) will generate revenues of $2.3 billion in 2017 and $607.5 million in 4Q17. While the revenues for the full year reflect growth of 11% year-over-year (or YoY) on overall higher volumes and higher received prices, the revenues for the fourth quarter imply a drop of 19.4% YoY. The volumes for the Asia-Pacific division, on the other hand, are expected to be flat YoY at 11.5 million tons.
An environmental group is suing U.S. Steel, alleging that one of the company's northwestern Indiana plants has repeatedly violated its wastewater permit with illegal discharges. The federal lawsuit filed ...
Realized prices also help assess the market sentiment, as they are derived from existing market prices. Cleveland-Cliffs’ (CLF) realized prices came in at $90.5 per ton in 3Q17 on average, which reflects a fall of $6.0 per ton sequentially but a rise of $17.0 per ton year-over-year (or YoY).
Cleveland-Cliffs (CLF) achieved US volumes of ~5.9 million tons in 3Q17, an increase of 11% year-over-year (or YoY). While the company achieved strong volume growth in 3Q17, its outlook for 4Q17 was weaker.
Below are five stocks to watch according to VantagePoint , a platform that uses artificial intelligence and intermarket analysis to predict price movement. Today the focus is on steel stocks, which have ...
Steel prices are the key driver of steel companies’ profitability. For instance, steel prices tend to be strong in the first half of the year on strong domestic demand and inventory restocking. For instance, in 2015, steel prices were weak throughout the year.
Have US Steel Stocks Front-Loaded Their 2018 Gains? Last year, the Trump administration ordered a Section 232 investigation to assess whether steel imports threaten US national security. Now, the Commerce Department has submitted its findings to President Trump.
Steel stocks are having a strong month. Based on January 12 closing prices, U.S. Steel Corporation (X) and AK Steel (AKS) have respectively gained 11.2% and 9.3% this month. Nucor (NUE) and Steel Dynamics (STLD) have also seen upward price action of 8.5% and 9.0% so far this month, respectively.