|Bid||30.84 x 300|
|Ask||30.85 x 1000|
|Day's Range||30.65 - 30.98|
|52 Week Range||19.59 - 31.98|
|PE Ratio (TTM)||8.04|
|Earnings Date||Feb 21, 2017 - Feb 27, 2017|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||6.17|
ArcelorMittal (MT), the world’s largest steel producer, has risen 45.6% so far in 2017 based on December 13, 2017, closing prices.
AK Steel’s (AKS) CEO said during the 1Q17 earnings call that the company could expect "the predicted automotive downturn to have less of an impact on our business than it might have on others."...
15 December 2017- ArcelorMittal announces the extension of the conversion date for the $1 bn privately placed mandatory convertible bond issued on 28 December 2009 by one of its wholly-owned Luxembourg ...
Steel prices are the major driver of steelmakers’ earnings and revenues. So it’s important for steel investors and Cleveland-Cliffs (CLF) investors to track the trend in steel prices.
Despite higher steel production, Chinese steel exports have fallen this year. Its aluminum exports, however, have risen year-over-year in the first 11 months of the year.
Forecast-topping earnings performance, improving global steel market conditions and the company's internal initiatives have contributed to a rally in ArcelorMittal's (MT) shares this year.
ArcelorMittal (MT) issues Euro 500 million 0.95% fixed rate notes under its EMTN program, the net proceeds of which will be used for general corporate purposes.
U.S. Steel (X) has a net-debt-to-EBITDA ratio of ~1.2x, while AK Steel’s (AKS) net-debt-to-EBITDA ratio is 4.02x, based on its TTM financials.
Steel companies like ArcelorMittal (MT), U.S. Steel Corporation (X), and AK Steel (AKS) use coking coal as an input for their blast furnaces.
4 December 2017- ArcelorMittal announces the issuance of €500 million 0.95 per cent. Notes due 17 January 2023. The Notes were issued under ArcelorMittal's €10 billion wholesale Euro Medium Term Notes ...
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we ...
According to the WSA, global steel production stood at 145.3 million metric tons in October 2017, a 5.9% YoY (year-over-year) rise.
While a strong rise in China drove global steel production in October, output from the country is expected to decline in the coming months due to winter capacity cuts.
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.