|Day's range||41.88 - 43.22|
|52-week range||23.17 - 44.37|
|PE ratio (TTM)||23.02|
|Dividend & yield||N/A (N/A)|
|1y target est||41.77|
U.S. trade officials on Friday said their anti-dumping and subsidy probe found carbon and alloy steel cut-to-length plate from eight foreign producers harms American manufacturers, locking in duties on the imports for five years. The U.S. International Trade Commission's finding applies to cut-to-length plate from Austria, Belgium, France, Germany, Italy, Japan, South Korea and Taiwan, it said in a statement on its website. In March, the U.S. Commerce Department said anti-dumping duties ranging from 3.62 percent to 148 percent would be imposed on products from the eight producers, while imports from South Korea would also face a countervailing duty of 4.31 percent.
Swedish steelmaker SSAB posted a first-quarter operating profit on Friday that exceeded analyst forecasts fuelled by a rise in sales prices and deliveries in Europe, sending its shares as much as 10 percent higher. Shares in the company, which also has operations in the United States, have climbed in the past 15 months, lifted by factors that include cost cuts, rising industrial demand and anti-dumping measures by the United States and European Union. Other U.S. and European steel producers also saw shares gain during 2016, benefiting from lower Chinese exports and more demand from automotive, energy and construction companies.
Germany urged the European Union on Friday to consider filing a complaint with the World Trade Organisation (WTO) against the United States over its plan to impose duties on imports of steel plate from five EU member states. U.S. President Donald Trump is expected to sign executive orders on Friday aimed at identifying abuses causing huge U.S. trade deficits.