|Bid||2.2400 x 28000|
|Ask||2.2500 x 40700|
|Day's Range||2.2301 - 2.3500|
|52 Week Range||1.6600 - 5.4000|
|Beta (3Y Monthly)||2.81|
|PE Ratio (TTM)||4.64|
|Earnings Date||Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.35|
In its Section 232 steel probe, the Commerce Department pointed to the high steel import to export ratio. It emphasized the subsidized steel in other countries that makes US steel exports to those countries uncompetitive. Now, while US steel imports have fallen after the Section 232 tariffs, we’ve seen a steeper fall in US steel exports.
AK Steel (AKS) said today that it plans to release its second quarter 2019 financial results following the close of trading on the New York Stock Exchange on Monday, July 29, 2019. AK Steel will also provide live listening access on the Internet to its earnings conference call to be held at 8:30 a.m. Eastern Time on Tuesday, July 30, 2019. Access to the webcast will be available from the home page of the company’s website at www.aksteel.com. Presentation slides will also be available on the webcast link and under the Investor Presentations section on the website. The webcast will be archived on the company’s website following the call for three months and will be accessible from the Investor News and Events section. AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, including electrical power, and distributors and converters markets. Through its subsidiaries, the company also provides customer solutions with carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. Headquartered in West Chester, Ohio (Greater Cincinnati), the company has approximately 9,500 employees at manufacturing operations in the United States, Canada and Mexico, and facilities in Western Europe. Additional information about AK Steel is available at www.aksteel.com.
When it recommended Section 232 steel tariffs, the Commerce Department highlighted certain issues such as the fact that the US steel industry’s capacity utilization rate was below 80%, which is not sustainable. Now, 15 months into the tariffs, the Commerce Department seems to have achieved its objective, as the US steel industry has operated above the 80% utilization rate almost consistently over the last year.
It’s been more than 15 months since President Trump announced a 25% tariff on US steel imports and a 10% tariff on aluminum imports. The tariffs came into effect towards the end of March 2018 and have been a key bone of contention between the United States and its trading partners.
AK Steel (AKS) announced today that the AK Steel Foundation has continued a longstanding tradition this year by awarding 20 college scholarships to sons and daughters of company employees. The awards recognize outstanding academic achievement, leadership and community involvement. The AK Steel Sons and Daughters Scholarships are funded by the AK Steel Foundation and are worth a maximum of $20,000 each. The Middletown, Ohio Community Foundation independently reviews the applications and selects each recipient.
Roger Newport became the CEO of AK Steel Holding Corporation (NYSE:AKS) in 2016. First, this article will compare CEO...
WEST CHESTER, Ohio, June 06, 2019 -- AK Steel (NYSE: AKS) said today that Dr. Grant Thomas, Manager, Product Research, AK Steel Research and Innovation, was honored by the.
AK Steel Holding Corp NYSE:AKSView full report here! Summary * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is extremely high for AKS with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting AKS. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold AKS had net inflows of $850 million over the last one-month. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
WEST CHESTER, Ohio, June 04, 2019 -- AK Steel’s (NYSE: AKS) Coshocton (Ohio) Works and Zanesville (Ohio) Works have been recognized for outstanding safety performance by the.
Investing.com - United States Steel rallied on Tuesday despite Goldman Sachs downgrading the company and warning that the backdrop for the steel industry is flimsy amid "materially" lower steel prices.
For the second time in a week, a Wall Street analyst has downgraded a major U.S. steel stock. This time, it’s United States Steel Corporation (NYSE: X ) on the chopping block. The Analyst Goldman Sachs ...
How Are US Steel Producers Positioned in Q2?(Continued from Prior Part)Average selling pricesUS steel prices rose to multiyear highs in the first half of 2018. However, steel prices pared some of their gains in the second half of the year. Falling
WEST CHESTER, Ohio, May 31, 2019 -- AK Steel (NYSE: AKS) said today that members of the United Auto Workers (UAW), Local 4104, have ratified a new three year labor agreement.
On May 14, U.S. President Donald Trump credited hit tariffs on imported steel with rebuilding the U.S. steel industry, which he said is now “booming.” However, shares of North Carolina steel producer Nucor ...
Could Divergence between Cleveland-Cliffs and Steel Continue?(Continued from Prior Part)US steel productionMajor US steelmakers such as AK Steel (AKS) are Cleveland-Cliffs’ (CLF) customers. Domestic steel demand is one of the major drivers for
WEST CHESTER, Ohio, May 29, 2019 -- AK Steel (NYSE: AKS) was recognized as a top-performing global supplier at the 21st annual Ford World Excellence Awards. AK Steel was.
AK Steel (AKS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
AK Steel Holding Corp. saw the biggest decline among its main peers on Tuesday, declining as much as 12%, after the price for hot-rolled coil steel dipped below $600 a short ton for the first time since October 2017. “Lots of negative sentiment out there,” said Richard Bourke, an analyst for Bloomberg Intelligence, who compared the $600 mark to a round number like 10,000 for the Dow Jones Industrial Average. The steel industry is facing a double whammy of falling prices and rising costs for iron ore.
Why Credit Suisse Double Downgraded AK SteelAK SteelUS steel stocks are having a dismal year. Steel stocks’ poor run continued on May 23. U.S. Steel Corporation (X), Cleveland-Cliffs (CLF), and Nucor (NUE) closed down 3.9%, 1.7%, and 2.8%,
How Analysts Are Rating Steel Stocks after Their Q1 Results(Continued from Prior Part)AK SteelAK Steel (AKS) has fallen 17.8% in the second quarter and is now flat for the year. U.S. Steel (X) has also pared its 2019 gains and is negative for the