|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||52.51 - 54.22|
|52 Week Range||49.79 - 68.84|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||6.69|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||1.60 (2.80%)|
|1y Target Est||68.54|
WASHINGTON/OTTAWA (Reuters) - The United States struck deals on Friday to lift tariffs on steel and aluminium imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact. The separate agreements, which will not impose U.S. quotas on Canadian and Mexican metals shipments, will also eliminate Mexican and Canadian retaliatory tariffs on a broad range of U.S. products, including pork, beef and bourbon. The United States and Canada said their agreement will be implemented by Sunday afternoon, and includes new curbs aimed at preventing dumped steel and aluminium from China and other countries from entering the U.S. market via Canada.
Steel maker stocks dropped in midday trade Friday, after The Wall Street Journal reported that U.S. trade negotiators were close to a deal with Canada and Mexico to end tariffs on steel imports. Shares of U.S. Steel Corp. fell 2.7%, Nucor Corp. shed 3.6%, Steel Dynamics Inc. gave up 2.9% and ArcelorMittal slid 3.4%. Meanwhile, the S&P 500 was down just 0.2%. Among aluminum companies, Alcoa Corp.'s stock fell 1.7% and Kaiser Aluminum Corp. declined 1.5%. The WSJ reported, citing sources, that U.S. trade negotiators were trying to reach a deal on tariffs with Canada and Mexico to "push USMCA through Congress."
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
While two locally based companies continue to lead the Charlotte region on the Fortune 500 list, there were other shake-ups on this year's ranking.
Nucor Corp shareholders have rejected a proposal that would make the company report on its political lobbying, heading off efforts to make one of the most high-profile corporate actors in Washington more transparent. The largest U.S. steelmaker led the push for imposing tariffs on steel imports last year, now a signature part of U.S. President Donald Trump's trade policy. Trump had said tariffs were needed to save the industry from losing out to unscrupulous foreign competitors.
Steel industry icon U.S. Steel has reduced its leverage, but there's one thing it hasn't fixed -- and probably can't.
The Association for Iron and Steel Technology held its annual Town Hall Forum event on Wednesday at the David L. Lawrence Convention Center.
Shares of U.S. Steel Corp. tumbled 5.7% in midday trade Wednesday, after UBS went back to being bearish on the steel maker, citing concerns that blast oxygen furnace (BOF) operators will continue to lose market share to electric arc furnace (EAF) operators. Analyst Andreas Bokkenheuser downgraded U.S. Steel to sell, after upgrading it to neutral in early December. He slashed his price target to $10, which is 35% below current levels and the lowest target he's had on the stock since February 2016, from $22. Meanwhile, Bokkenheuser upgraded EAF operator Steel Dynamics Inc. to buy from neutral, and raised his price target to $47.00 from $37.50. "With U.S. steel demand in structural decline, EAF product quality rapidly improving and imports remaining somewhat resilient, we believe the war for market share will be fought on price," Bokkenheuser wrote in a note to clients. With an average of 66% higher [earnings before interest, taxes, depreciation and amortization per ton] than the BOFs, we assess the EAFs are best positioned to compete on price." Shares of EAF operator Nucor Corp. are up 1.2% in midday trade while BOF operator AK Steel Holding Corp.'s stock was down 1.4%. Meanwhile, the S&P 500 has up 0.1%.
CHARLOTTE, N.C. , May 7, 2019 /PRNewswire/ -- You are invited to join Nucor's (NYSE: NUE) Annual Meeting of Stockholders, which will be broadcast live over the Internet on Thursday, May 9, 2019 at 10:00 ...
Nucor Corp NYSE:NUEView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for NUE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NUE. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.95 billion over the last one-month into ETFs that hold NUE are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. NUE credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.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.
Trump Likes Steel Companies’ Investments, but Markets Don’tU.S. Steel Corporation Today, U.S. Steel Corporation (X) announced a $1.2 billion investment toward casting and rolling facilities at Mon Valley Works and cogeneration facilities at its
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! A look at the shareholders of Nucor Corporation (NYSE:NUE) can tell us which group is most powerful...
U.S. Steel: Q1 Earnings Might Revive Investors' Sentiments(Continued from Prior Part)U.S. Steel Corporation U.S. Steel Corporation (X) saw a flurry of downgrades last month. Credit Suisse downgraded the stock from “neutral” to
U.S. Steel: Q1 Earnings Might Revive Investors' Sentiments(Continued from Prior Part)U.S. Steel Corporation’s earnings estimates U.S. Steel Corporation (X) is expected to post an adjusted EBITDA of $228 million in the first quarter. The company
U.S. Steel: Q1 Earnings Might Revive Investors' SentimentsU.S. Steel CorporationU.S. Steel Corporation (X) is scheduled to release its first-quarter earnings on May 2 after the markets close. The company will hold its earnings call the next day.
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)Significant turnaroundSince Cleveland-Cliffs’ (CLF) new management took over in August 2014, the company has turned around for the better. After taking care of the
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)HBI plantAfter Cleveland-Cliffs’ (CLF) debt repayment concerns were taken care of, the company started refocusing on growth. It is currently building an HBI
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)Realized prices for mining and pelletizingCleveland-Cliffs’ (CLF) mining and pelletizing realized revenue is influenced by customer demand for iron ore pellets.
Steel represents a significant amount of materials trading done on the stock market. Some companies perform better than others—for a number of reasons.
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)Revenue declineCleveland-Cliffs’ (CLF) revenue fell 12.8% YoY (year-over-year) to $157 million in the first quarter, beating analysts’ expectation of $120.0
How Cleveland-Cliffs Is Looking after Its Q1 2019 ResultsCleveland-Cliffs’s Q1 2018 results beatCleveland-Cliffs (CLF) released its first-quarter results on April 25 before the markets opened. The company held a conference call with
U.S. Steel and AK Steel: What to Expect This Week(Continued from Prior Part)Steel pricesUS flat-rolled steel prices have been depressed this year. While the prices seem to have bottomed and have seen some upwards momentum, US steel prices have