|Bid||11.04 x 42400|
|Ask||11.10 x 16600|
|Day's range||11.02 - 11.20|
|52-week range||10.55 - 12.82|
|PE ratio (TTM)||15.87|
|Earnings date||27 Jul 2018|
|Forward dividend & yield||0.45 (3.93%)|
|1y target est||13.64|
This analysis is intended to introduce important early concepts to people who are starting to invest and looking to gauge the potential return on investment in Acerinox SA (BME:ACX). AcerinoxRead More...
Acerinox SA. (BME:ACX) trades with a trailing P/E of 16.6x, which is higher than the industry average of 13.2x. While ACX might seem like a stock to avoid or sellRead More...
When Acerinox SA. (BME:ACX) released its most recent earnings update (31 March 2018), I wanted to understand how these figures stacked up against its past performance. The two benchmarks IRead More...
Finland's Outokumpu (OUT1V.HE), one of the world's largest makers of stainless steel, believes the European Commission will come up with safeguard measures next month to protect the industry, its chief executive said. European steel exports are due to take a hit from President Donald Trump's move to impose a tariff of 25 percent on U.S. steel imports. Some of that will come to Europe, and that is our main concern, a big danger," Outokumpu Chief Executive Roeland Baan said in an interview.
An abundance of stainless steel in China following the ramp up of new production in Indonesia is threatening stainless mills globally and the nickel producers that supply them. Marking a major structural shift, China, which makes and consumes around half of the world's stainless, became a marginal net importer of hot-rolled stainless coil in December for the first time in more than seven years, data from the International Steel Statistics Bureau and from consultants CRU showed. This is after Chinese-owned stainless giant Tsingshan started production last August at a giant plant in Indonesia that should, by the end of 2018, have an annual capacity of 3 million tonnes.This is equivalent to 6 percent of last year's global flat stainless capacity, CRU says, and there is more to come, with China's Delong Holdings (DELO.SI) set to start production at its Indonesian stainless plant in 2019.
European steel manufacturers were braced for new tariffs on their exports to America, as European Union efforts to avoid a trade war with the U.S. appeared to have failed.