|Bid||34.42 x 8000|
|Ask||34.45 x 800|
|Day's Range||38.59 - 45.44|
|52 Week Range||18.55 - 45.44|
|PE Ratio (TTM)||20.43|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.20 (0.51%)|
|1y Target Est||43.46|
The Commerce Department's recommendations provided a boost to the stocks of American steel companies that are struggling to cope with a tide of cheap steel imports.
Steel and aluminum stocks moved sharply higher Friday after the U.S. Commerce Department issued a recommendation to President Donald Trump to enact steep tariffs or quotas on foreign companies. What You ...
Shares of U.S. Steel Corp. surged more than 12% and Alcoa Inc. stock rose nearly 3% on Friday after the U.S. Commerce Department recommended tariffs on steel and aluminum from other countries, including ...
U,S. Steel has rallied back to a long-term trendline that could yield a major breakout in reaction to infrastructure legislation or steel tariffs.
Kinross Gold's (KGC) latest investment will help it lower production costs, de-risk supply chain and generate attractive returns.
Stock Monitor: Reliance Steel & Aluminum Post Earnings Reporting LONDON, UK / ACCESSWIRE / February 16, 2018 / Active-Investors.com has just released a free earnings report on United States Steel Corp. ...
In this article, we’ll look at steel companies’ 1Q18 earnings guidance from their 4Q17 earnings calls. On AK Steel’s (AKS) 4Q17 call, Jaime Vasquez, AK Steel’s CFO, said, “We expect that our average flat-rolled steel selling price per ton in the first quarter will be up marginally compared to the fourth quarter of 2017.” However, the company expects its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) margin to rise by 150 basis points in 1Q18 compared to the sequential quarter. Since AK Steel’s revenues are expected to be flat in 1Q18, higher margins should translate into higher EBITDA.
In this article, we’ll see what leading steel companies had to say about their shipment guidance. Jaime Vasquez, AK Steel’s (AKS) CFO, said during the company’s 4Q17 earnings call, “We estimate that our first quarter flat-rolled steel shipments will be marginally higher compared to the fourth quarter of 2017.” While the company expects a 15% sequential increase in its automotive shipments, it expects its shipments in distributor markets to fall in 1Q18 as a result of an outage at its Middletown Works plant. Among other steel companies, U.S. Steel Corporation (X) expects its 2018 flat-rolled steel shipments to be flat compared to 2017 at ~10 million tons.
President Trump on Tuesday said he is considering a number of options for actions he could take to improve the struggling U.S. steel market, including imposing tariffs or quotas on imported steel. Trump ...
Harmony Gold (HMY) delivers strong performance for the first half of fiscal 2018 (ended Dec 31, 2017) and expects to achieve its production target for the fiscal year.
As we discussed previously, ArcelorMittal (MT) has submitted its bid for Essar Steel. The acquisition, if completed, will provide ArcelorMittal with a strong platform in India. Notably, ArcelorMittal doesn’t have a major presence in India.
Earlier this week, ArcelorMittal (MT), the world’s largest steel producer, announced that it would bid for the stressed assets of Indian steel company Essar Steel (EPI). The announcement came after a couple of other acquisitions by ArcelorMittal. Last year, a consortium led by ArcelorMittal reached a binding agreement to buy the Ilva steel plant in Italy.
Alan Tonelson, RealityChek founder, discusses how proposed steel and aluminum tariffs could impact steel producer stocks.