05.01.2017 13:05:00
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Research Reports on Steel & Iron Equities -- United States Steel, AK Steel, ArcelorMittal, and Gerdau
NEW YORK, January 5, 2017 /PRNewswire/ --
This morning, Stock-Callers.com navigates the Steel and Iron industry to see how some equities have fared over the previous trading sessions. Under evaluation today are: United States Steel Corp. (NYSE: X), AK Steel Holding Corp. (NYSE: AKS), ArcelorMittal (NYSE: MT), and Gerdau S.A. (NYSE: GGB). According to a recent report by BMI Research, China will produce 825 million metric tons of crude steel in 2017, a 0.5 percentage point increase from 2016. However, the country will consume 87% of this production for domestic use rather than flood international markets. Learn more about these stocks by accessing their free research reports at:
http://stock-callers.com/registration
United States Steel
Pittsburgh, Pennsylvania headquartered United States Steel Corp.'s shares soared 7.55%, finishing Wednesday's trading session at $37.33. A total volume of 20.99 million shares was traded, which was above their three months average volume of 18.57 million shares. The stock has advanced 11.07% in the past month, 113.59% in the previous three months, and 13.09% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 26.89% and 76.56%, respectively. Moreover, shares of United States Steel, which produces and sells flat-rolled and tubular steel products in North America and Europe, have a Relative Strength Index (RSI) of 64.90.
On December 29th, 2016, the Company announced that it has reached agreements to supply iron ore pellets to third-party customers. The Company stated that it will adjust its iron ore pellet production in order to take full advantage of these business opportunities. Included in the adjustments is a restart of the Keetac Plant in Keewatin, Minnesota. Employee callbacks at Keetac will begin in early January 2017, and the Company anticipates production will begin in March 2017. The Keetac Plant, which has an annual production capacity of approximately six million net tons, has been temporarily idled since May 2015 due to global influences in the market, including high levels of imported steel products, unfair trade and reduced steel prices. Free research report on X is available at:
http://stock-callers.com/registration/?symbol=X
AK Steel
On Wednesday, shares in West Chester, Ohio headquartered AK Steel Holding Corp. recorded a trading volume of 18.57 million shares, and ended the session 5.41% higher at $11.11. The stock has gained 13.37% in the last one month, 141.52% over the previous three months, and 8.81% on an YTD basis. The Company's shares are trading 31.09% and 96.84% above their 50-day and 200-day moving averages, respectively. Furthermore, shares of AK Steel Holding, which through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the US and internationally, have an RSI of 69.04.
On December 13th, 2016, AK Steel announced that it plans to release its Q4 2016 and FY16 financial results before the opening of trading on the NYSE on January 24th, 2017. The Company will also provide live listening access on the Internet to its earnings conference call to be held at 11:00 a.m. ET on January 24th, 2017. The complimentary research report on AKS can be downloaded at:
http://stock-callers.com/registration/?symbol=AKS
ArcelorMittal
Shares in Luxembourg headquartered ArcelorMittal closed at $7.65, up 1.86% from the last trading session. The stock recorded a trading volume of 18.05 million shares. The Company's shares have gained 27.71% in the previous three months and 4.79% on an YTD basis. The stock is trading 4.24% above its 50-day moving average and 28.40% above its 200-day moving average. Additionally, shares of ArcelorMittal, which together with its subsidiaries, operates as an integrated steel and mining company worldwide, have an RSI of 54.06.
On December 15th, 2016, ArcelorMittal announced that it will release Q4 2016 and FY16 financial results on February 10th, 2017. The Company also announced that it will hold general annual meeting of Shareholders on May 10th, 2017. Visit us today and access our complete research report on MT at:
http://stock-callers.com/registration/?symbol=MT
Gerdau
At the closing bell yesterday, shares in Porto Alegre, Brazil-based Gerdau S.A. ended 1.19% higher at $3.41 with a total trading volume of 6.15 million shares. The stock has advanced 27.43% in the previous three months and 8.60% since the start of this year. The Company's shares are trading above their 200-day moving average by 33.10%. Furthermore, shares of Gerdau, which produces and commercializes steel products worldwide, have an RSI of 51.08.
On November 09th, 2016, Gerdau reported consolidated EBITDA of R$ 1.2 billion and EBITDA margin of 13.8% in Q3 2016, reflecting the Company's geographic diversification. For the first 9 months of 2016, the Company reported positive free cash flow of R$1.0 billion. Gerdau reported that selling, general, and administrative expenses decreased 11.5% in the first 9 months of 2016 compared to the same period of 2015, reflecting the efforts made by the Company's management. Get free access to your research report on GGB at:
http://stock-callers.com/registration/?symbol=GGB
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Aktien in diesem Artikel
Gerdau S.A. (Spons. ADRS) | 3,12 | -1,89% | |
United States Steel Corp. (U. S. Steel, US Steel) | 36,12 | -6,12% |