|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||29.09 - 29.42|
|52-week range||19.59 - 30.50|
|PE ratio (TTM)||9.19|
|Earnings date||21 Feb 2017 - 27 Feb 2017|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||6.12|
Graphite electrode prices have risen this year due to capacity curtailments in China. Cathode availability has also impacted steelmakers.
ArcelorMittal (MT) is likely to gain from actions to cut debt and reduce costs and expand high value products line under its Action 2020 initiative.
Per the latest supply deal, Air Products (APD) will build two sets of air separation plants to produce gaseous oxygen and nitrogen.
Last week, there wasn't major analyst action for US-based steel companies. Several analysts changed their ratings on steel stocks after their 3Q17 earnings.
Steel prices are a key driver of steel companies’ earnings. The prices are crucial for steel investors to follow the trend in spot steel prices.
Last week was mixed for steel stocks—they followed different trajectories. With gains of 6.6%, AK Steel (AKS) was the biggest gainer.
AK Steel (AKS) expects recent price increases to improve spot market prices in the near term. It is taking appropriate pricing actions in the wake of rising raw material costs.
ArcelorMittal (MT) is having an impressive run of late on the back of improving steel market conditions and the company's internal initiatives.
U.S. Steel posted FCF of $128 million in 3Q17, compared with $304 million in 2Q17 and $213 million in 3Q16. Nucor reported FCF of $313 million in 3Q17.
Celanese (CE) is taking appropriate pricing actions amid a volatile raw material pricing environment, which should lend support to its margins.
U.S. Steel (X) posted adjusted EBITDA of $342 million in 3Q17. The company posted EBITDA of $362 million in 2Q17 and $272 million in 3Q16.
Average selling price is a key metric that steel investors watch closely, and geographical exposure and product portfolios are among the key drivers.
DowDuPont's (DWDP) Transportation & Advanced Polymers unit will increase production capacity at its Mechelen site to meet the growing demand for DuPont Zytel HTN.
Nucor (NUE) will build a merchant bar quality mill in Illinois which will strengthen its product offerings in markets in the central United States.
Steel companies’ revenues are a function of commodity prices and shipments, and it's ideal for investors to follow quarterly production and shipment data.
U.S. Steel and ArcelorMittal posted better-than-expected revenues and profits in 3Q17, but AK Steel missed consensus estimates for its top and bottom lines.
Westlake Chemical (WLK) intends to use the net proceeds from the proposed senior notes offering to redeem senior notes due 2021 and 2023.