|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||36.08 - 36.86|
|52 Week Range||27.86 - 39.62|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
President Trump signed the controversial tariffs yesterday on steel and aluminum. Yahoo Finance’s Alexis Christoforous, Rick Newman, and CFRA Investment Strategist Lindsey Bell discuss the impact on the markets.
President Trump has imposed a tariff of 10% on all aluminum imports. President Trump has left the door open for more exemptions. US aluminum producers have had a mixed response to President Trump’s tariffs.
The US steel industry’s capacity utilization ratio was 72.3% last year. The aluminum industry’s capacity utilization ratio was even lower at 43%, according to the Department of Commerce. Looking at aluminum, US aluminum production and the capacity utilization rate fell.
The largest exchange-traded fund to track the metals and mining sector fell on Thursday, after President Donald Trump outlined a policy on tariffs that is scheduled to go into effect in 15 days. The SPDR ...
President Trump is expected to formalize a 25% tariff on all steel imports. The Commerce Department had recommended a 24% global steel tariff as one of the options to Trump under the Section 232 imports probe. The Commerce Department is aiming to spur US steel production and improve the US steel industry’s capacity utilization rate, which was a dismal 72.3% last year.
Have Markets Been Harsh on Alcoa This Year? In this article, we’ll take a look at the major risks facing Alcoa (AA) and other aluminum producers this year. As President Donald Trump looks inclined to impose tariffs on aluminum imports, we could see an increase in US aluminum production.
The Section 232 imports probe’s findings were widely discussed in the US steel industry last month. President Trump could soon formalize a 25% tariff on all steel imports. The move is intended to protect the US steel industry from “unfairly traded steel products.” More than a quarter of US steel demand meets with imports.
Vale (VALE) has considerably reduced its net debt in 2017. The company was guiding for a net debt of $15.0 billion–$17.0 billion by the end of 2017. Vale recorded net proceeds of $3.7 billion from the sale of its fertilizer assets, which were received in January 2018.
A day after the Trump Administration announced tariffs against foreign imports of aluminum and steel aimed at helping U.S. producers of those materials, the VanEck Vectors Steel ETF (NYSEArca: SLX) and ...
President Donald Trump plans to slap a hefty bill on steel and aluminum imports, strengthening the U.S. steel industry’s outlook. While there is a steel sector-specific exchange traded fund on the market, ...
Can Vale Expect Significant Upside after 4Q17 Results? Vale (VALE) noted that iron ore prices averaged $71.3 per ton in 2017, 22% higher than average prices in 2016. The steel sector’s outperformance led to higher steel prices around the world, which supported seaborne iron ore prices.
Improved sentiment in broader markets certainly helped steel companies’ price action, but the key driver was the Section 232 recommendations. Looking at different steel names, we see that U.S. Steel Corporation (X) and AK Steel (AKS) respectively gained 16.3% and 1.9% last month. The Trump administration initiated a Section 232 probe last year to investigate whether steel imports threaten US national security.
The durable goods orders metric is an economic indicator that reflects new orders placed with domestic manufacturers for the delivery of factory hard goods in the near term or future. The US Census Bureau publishes this report every month and it is prepared based on results from the US Census Bureau’s Manufacturers’ Shipments, Inventories, and Orders (or M3) survey, which is a voluntary survey authorized by Title 13 of the United States Code.