|Bid||35.16 x 1000|
|Ask||35.17 x 2200|
|Day's Range||35.10 - 35.51|
|52 Week Range||19.59 - 37.50|
|PE Ratio (TTM)||7.88|
|Earnings Date||Feb 21, 2017 - Feb 27, 2017|
|Forward Dividend & Yield||0.10 (0.29%)|
|1y Target Est||41.73|
The stock market traded mixed. News included a strong showing in a regional manufacturing, optimism on trade talks and a looming House vote on changes to the Dodd-Frank law.
The first-quarter earnings season for US steel investors is largely over. Steel companies, including U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE), have released their first-quarter earnings results. U.S. Steel saw a selling spree after its earnings release, as its 2018 guidance and outlook didn’t go over well with the market.
Steel production at Ukraine's largest steel mill, owned by ArcelorMittal, is returning to normal levels after the conclusion of a strike by workers in its railway division, the mill said on Monday. On Thursday, the Kryvyi Rih mill in central Ukraine said the protest linked in part to salary demands had disrupted steelmaking and rolling and paralysed the plant's operations. After a four-day strike, railway workers have resumed their shifts, ArcelorMittal Kryvyi Rih said in a statement.
In this final part of the series, we’ll see how the markets are valuing Cleveland-Cliffs (CLF) stock compared to its peers and the historical multiple.
KIEV (Reuters) - Steelmaking and rolling at Ukraine's largest steel mill, owned by ArcelorMittal (MT.AS), have been completely stopped due to a strike by workers in its railway division, the mill said ...
ArcelorMittal (ENXTAM:MT) outperformed the Steel industry on the basis of its ROE – producing a higher 11.23% relative to the peer average of 11.22% over the past 12 months. OnRead More...
In this article, we’ll do a comparative analysis of steel companies’ 1Q18 free cash flows. You can define free cash flow as operating cash flow minus capital expenditure (or capex). It’s a measure of a business’s cash flow generation capacity.
Previously in this series, we compared steel companies’ 1Q18 shipments and ASPs (average selling price). In this article, we’ll take a look at their 1Q18 EBITDAs (earnings before interest, tax, depreciation, and amortization).
16 May 2018 - The Extraordinary General Meeting (EGM) of shareholders of ArcelorMittal held today in Luxembourg approved the resolution on the EGM agenda by a strong majority. The sole proposal was to ...
16 May 2018 - The Extraordinary General Meeting (EGM) of shareholders of ArcelorMittal held today in Luxembourg approved the resolution on the EGM agenda by a strong majority. The results of the votes will be posted shortly on corporate.arcelormittal.com under "Investors Equity Investors Shareholders' meetings Extraordinary General Meeting of shareholders, 16 May 2018" where the full documentation regarding to the general meeting is available. ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries.
Previously in this series, we did a comparative analysis of steel companies’ 1Q18 shipments. In this article, we’ll look at their ASPs (average selling price).
FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp (TKAG.DE) cut the profit margin forecast for its capital goods business on Tuesday, the future heart of the German company after its planned retreat from steel. The set-back, which covers the group's elevators, car parts and plants units, is a blow for CEO Heinrich Hiesinger, who has been striving to sharpen the sprawling company's focus on technology and reduce its exposure to the volatile steel sector. Thyssenkrupp shares fell as much as 5.4 percent, with traders and analysts pointing to a 22 percent decline in new orders at the capital goods business in the second quarter.
On Monday, May 14, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged higher at the closing bell. Six out of nine sectors ended Monday's trading session in bearish territories. Taking into consideration yesterday's market sentiment, WallStEquities.com assessed the following Basic Materials equities this morning: AK Steel Holding Corp. (NYSE: AKS), ArcelorMittal (NYSE: MT), Commercial Metals Co. (NYSE: CMC), and Lightbridge Corp. (NASDAQ: LTBR).
Steel companies’ revenues are a function of average steel prices and shipments, so it’s pertinent for steel investors to follow quarterly production and shipment data.
During the 4Q17 earnings call, ArcelorMittal (MT) announced its plan to restore the annual dividend program that was suspended in 2015. The company has reinstated its annual dividend at $0.10 per share from this year. Meanwhile, ArcelorMittal intends to pay dividends as a percentage of its free cash flows once its net debt falls below $6 billion. As of March 31, ArcelorMittal had a net debt of $11.1 billion. The company’s net debt rose almost $1 billion from the sequential quarter amid working capital buildup, a share buyback, and the forex impact in the quarter.
The US steel industry has seen considerable action in 1Q18. In March, President Donald Trump imposed tariffs on steel imports, acting on the results of the US Department of Commerce’s Section 232 investigation.
In this part, we’ll discuss some of the key takeaways from ArcelorMittal’s 1Q18 financial results. The company reported revenues of $19.2 billion in 1Q18—compared to $17.7 billion in 4Q17 and $16.0 billion in 1Q17. ArcelorMittal’s 1Q18 revenues were the highest since 3Q14. The company recorded multiyear highs on several other metrics during the quarter.
Vanderbijlpark, South Africa My feet may only have been four inches off the ground, but my brain was convinced I was more than 623 feet in the air. Logically there was no real danger, but by then my brain already dispatched a mayday warning to the rest of my body that sent my heart racing…
François Perras has worked for only one company since graduating from university 18 years ago. First, his employer, ArcelorMittal, the world’s largest steel producer, is big enough to offer career progression through different parts of the business every couple of years. The second reason is that ArcelorMittal has the resources to develop his skills as a leader through its own university, so Perras has not felt the need to quit his job to study at business school full time.
India’s new bankruptcy law is being bogged down by bitter court room disputes that include the likes of ArcelorMittal and the Tata Group -- jeopardizing the law’s promise of time-bound resolution in a country famous for its sluggish legal system. None of the 12 large debtor companies that the central bank forced into bankruptcy court in June have been sold yet. The National Company Law Tribunal or NCLT, in charge of the process, has extended a 270-day deadline enshrined in the law for Bhushan Power & Steel Ltd. and Essar Steel India Ltd. by excluding the days under litigation.
European stocks achieved their longest weekly winning streak for more than three years on Friday as M&A activity added to an advance on the back of a busy earnings season. Shares traded in a narrow range, ...