AK Steel Holding Corp

Most Recent

  • Why the capacity utilization rate came down at Steel Dynamics
    Basic Materials

    Why the capacity utilization rate came down at Steel Dynamics

    One of the key metrics in the steel industry is the capacity utilization rate. It represents the actual production compared to the maximum possible production.

    By Mohit Oberoi, CFA
  • uploads///part  steel
    Basic Materials

    How to Counter China: Steel Could Show the Way

    China (FXI) exported 5.56 million metric tons of steel in December, a yearly fall of 1.9%.

    By Mohit Oberoi, CFA
  • uploads///industrial _
    Basic Materials

    Analysts Still Hate Steel Stocks despite Bumper Earnings

    Overall, it has been a mixed earnings season for steel companies.

    By Mohit Oberoi, CFA
  • uploads///US steel production
    Basic Materials

    How US Steel Production Can Support Cleveland-Cliffs’ Volumes in 2018

    According to the World Steel Association, 6.7 million tons of crude steel were produced in the US in November 2017 compared to 7.0 million tons in October 2017.

    By Anuradha Garg
  • uploads///steel productoin utilization ratio
    Macroeconomic Analysis

    US Steel Production Disappoints and Declines 7.2%

    The AISI releases the weekly steel production figures. Steel production in the US has declined 7.2% YoY in the first five months of this year.

    By Mohit Oberoi, CFA
  • uploads///architecture _
    Basic Materials

    What Should You Expect from U.S. Steel’s 1Q18 Earnings?

    1Q18 earnings season is in full swing. So what should you expect for U.S. Steel?

    By Mohit Oberoi, CFA
  • uploads///US_Volumes
    Basic Materials

    Why Cliffs Raised Guidance for US Volumes

    US iron ore (or USIO) is the main driver for Cleveland-Cliffs’s (CLF) top and bottom lines.

    By Anuradha Garg
  • uploads///part
    Basic Materials

    Why It’s Difficult to Price Assets amid Frequent Policy Changes

    We’ve seen significant volatility in markets this year.

    By Mohit Oberoi, CFA
  • uploads///part  long term
    Basic Materials

    AK Steel Could Face Challenges in Meeting Its Goals

    AK Steel is working towards stable margins throughout the business cycle. AK Steel has deliberately lowered its exposure to spot markets (X) (CLF).

    By Mohit Oberoi, CFA
  • uploads///part  hrc imports
    Basic Materials

    How Impressive Is the Fall in Last Month’s Steel Imports?

    HRC (hot rolled coil), CRC (cold rolled coil), and galvanized steel imports fell month-over-month in May.

    By Mohit Oberoi, CFA
  • uploads///steel imports
    Basic Materials

    Steel Imports Reach Record Levels In October

    Compared to the first ten months of last year, steel imports are up by more than 35%. This is an alarming situation.

    By Mohit Oberoi, CFA
  • uploads///Key projects
    Earnings Report

    Key Projects Help US Steel Realize Over $500 Million In Savings

    US Steel has embarked on several key projects under its Carnegie Way program to increase profitability.

    By Mohit Oberoi, CFA
  • uploads///business _
    Basic Materials

    Will President Trump’s Pressure Tactics Work Out?

    In March 2018, President Donald Trump imposed a tariff of 25% on steel imports. What’s happened since?

    By Mohit Oberoi, CFA
  • Basic Materials

    Must-know: Key risks that AK Steel investors face

    The increased use of aluminum in vehicles is a threat for AK Steel (AKS). The automotive industry accounts for ~26% of steel consumption in the U.S.

    By Mohit Oberoi, CFA
  • uploads///part  valuation
    Basic Materials

    Why Investors Are Frugal in Valuing Steel Stocks

    Since investors have been frugal in valuing steel stocks, steel companies have looked at buybacks to shore up their stock prices.

    By Mohit Oberoi, CFA
  • uploads///part  ebitda
    Basic Materials

    What Weighed down AK Steel’s 3Q17 Performance?

    AK Steel (AKS) reported adjusted EBITDA of $69.2 million in 3Q17, compared with $142 million in 2Q17 and $157 million in 3Q16.

    By Mohit Oberoi, CFA
  • uploads///part  aluminum export
    Basic Materials

    Trump’s Tariffs: More Countries Investigate China

    Fearing an import deflection following the Section 232 tariffs in the United States, several regions are contemplating tariffs on Chinese steel products.

    By Mohit Oberoi, CFA
  • uploads///last
    Basic Materials

    Nucor Looks to Contract Resets to Further Improve Performance

    Nucor (NUE) expects its 3Q16 performance to improve as compared to 2Q16. The key driver of Nucor’s 3Q16 performance would be the reset of contracts.

    By Mohit Oberoi, CFA
  • uploads///oil rigs fall
    Macroeconomic Analysis

    U.S. Steel Faces A Tough Year With Rig Counts On A Downward Spiral

    Let’s first consider why investors should monitor rig counts. Well, rig counts tell you how many rigs are currently active for drilling.

    By Mohit Oberoi, CFA
  • uploads///crude
    Basic Materials

    Why the outlook for US Steel’s tubular goods is positive

    With the recent imposition of anti-dumping duties, imports of tubular goods will likely decrease, helping U.S. Steel’s revenue in the tubular segment to increase.

    By Mohit Oberoi, CFA
  • uploads///part  eps
    Basic Materials

    How U.S. Steel Pulled off Better-Than-Expected Earnings in 2Q16

    U.S. Steel released its 2Q16 financial results on July 26, reporting a net loss of $46 million, which translates into a per-share loss of $0.32.

    By Mohit Oberoi, CFA
  • uploads///part  valuation
    Basic Materials

    Inside AK Steel’s Valuation: Analyzing 2018 Drivers

    U.S. Steel (X) has the lowest forward valuation multiple in our coverage of steel stocks. The stock is trading at 4.97x its 2018 consensus EBITDA.

    By Mohit Oberoi, CFA
  • uploads///DRI
    Basic Materials

    Key takeaways from Nucor’s 3Q14 cost structure

    Due to an increase in electricity costs, Nucor’s energy cost per ton of steel in 3Q14 went up by almost $1 from the corresponding quarter last year.

    By Mohit Oberoi, CFA
  • uploads///stock exchange _
    Basic Materials

    Has AK Steel Stock Bottomed Out?

    AK Steel (AKS) is having a terrible year. Based on June 29 closing prices, the stock has lost 23.3% so far.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Is the Party Over for US Steel Stocks?

    Analysts polled by Thomson Reuters expect AK Steel to post an adjusted EBITDA of $520 million in 2019.

    By Mohit Oberoi, CFA
  • uploads///part  cash flows
    Basic Materials

    It’s Raining Cash for U.S. Steel amid Strong Markets

    AK Steel (AKS) generated free cash flow of $147.0 million in 2Q17 compared to $3.8 million in 1Q17. It generated free cash flow of $111.0 million in 2Q16.

    By Mohit Oberoi, CFA
  • uploads///part  asset revitalization
    Basic Materials

    Can U.S. Steel’s Asset Revitalization Plan Spark Its Stock?

    U.S. Steel (X) expects its slab production capacity to increase by 1.0 million tons by 2020 from the current level of 10.0 million tons.

    By Mohit Oberoi, CFA
  • uploads///part  shipments
    Basic Materials

    What Really Drove U.S. Steel’s 2Q16 Revenues

    U.S. Steel shipped 3.88 million metric tons of steel in 2Q16, which represents a sequential increase of 8.2%. Its 2Q16 shipments were almost flat YoY.

    By Mohit Oberoi, CFA
  • uploads///part  spread
    Company & Industry Overviews

    Why US Steel Companies Could Benefit from Lag Pricing in 4Q16

    Steel companies such as U.S. Steel (X), Nucor (NUE), and ArcelorMittal (MT) sell their products in the spot market or under contract sales.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Key Indicators US Steel Investors Should Track in 3Q17

    Steel stocks have been consolidating for the last few trading sessions. But so far, they’re having a tepid year.

    By Mohit Oberoi, CFA
  • uploads///part  ak steel
    Earnings Report

    Can AK Steel Pull Out a Surprise in Its 4Q15 Earnings?

    Aanalysts expect AK Steel to post adjusted earnings per share of $0.065 per share in 4Q15. In its 4Q15 guidance, AK Steel said that it expects to post a loss per share of $0.33–$0.38 in the quarter.

    By Mohit Oberoi, CFA
  • uploads///steel mill _
    Basic Materials

    US Steel in Q2 2018: Guidance, Analysts’ Actions, and Trump

    Despite President Trump’s tariffs on imported steel, US steel stocks—with the exception of Steel Dynamics—have sagged this year.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Why China Is Finding It Difficult to Export Its Steel Woes

    China’s steel and aluminum overcapacity has earned it the ire of several countries.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Four Reasons U.S. Steel Corporation Looks Like a Decent Buy

    U.S. Steel Corporation could see an incremental rise of 1.5 million tons of steel shipments next year.

    By Mohit Oberoi, CFA
  • uploads///part  ebitda
    Basic Materials

    ArcelorMittal’s 4Q17 Earnings versus U.S. Steel

    Previously in this series, we’ve compared steel companies’ 4Q17 shipments and average selling prices (or ASPs).

    By Mohit Oberoi, CFA
  • uploads///part  us steel
    Basic Materials

    Analysts Have Been Downgrading U.S. Steel Recently

    U.S. Steel carries a mean consensus price target $42.43, which represents a 45.2% upside over its October 9 closing price.

    By Mohit Oberoi, CFA
  • uploads///iron rods _
    Basic Materials

    New Probe Shows Fault Line in Trump’s Tariffs

    After the imposition of Section 232 steel and aluminum tariffs last year, several observers warned that we could see a spike in downstream imports.

    By Mohit Oberoi, CFA
  • uploads///part  china domination
    Basic Materials

    Outlook for Chinese Steel: Implications for US Steel

    China is the world’s largest steel consumer, steel producer, and steel exporter. It dominates the global steel markets probably like no other country ever has.

    By Mohit Oberoi, CFA
  • uploads///china steel production
    Basic Materials

    Chinese Steel Production: Will We See Curtailments This Year?

    Previously in this series, we looked at China’s steel demand indicators. It’s also important for investors to look at the supply side of the equation.

    By Mohit Oberoi, CFA
  • uploads///part  steel imports
    Company & Industry Overviews

    Will the Downtrend in US Steel Imports Continue in 2016?

    In November 2015, the United States imported 2.1 million metric tons of steel products—a YoY decline of 36%. What’s more, in November, US steel imports fell to a four-year low.

    By Mohit Oberoi, CFA
  • uploads///part  scrap
    Company & Industry Overviews

    Can Falling Scrap Prices Drive US Steel Prices Lower?

    Integrated miners like U.S. Steel and ArcelorMittal use primarily iron ore, whereas minimills like Nucor and Steel Dynamics rely more on steel scrap.

    By Mohit Oberoi, CFA
  • uploads///Intro
    Earnings Report

    What to Look for in Cliffs Natural Resources’s 1Q17 Results

    In this series, we’ll see what investors could expect from Cliffs Natural Resources’s (CLF) 1Q17 results, which are scheduled to be released on April 27, 2017. CLF underperformed the other global iron ore miners in 1Q17.

    By Anuradha Garg
  • uploads///part
    Basic Materials

    Why US Steelmakers’ Party Might Not Last Long

    Due to trade cases, the US steel industry has turned into a virtual island largely immune to global steel prices—at least in the short term.

    By Mohit Oberoi, CFA
  • uploads///part  steel price
    Basic Materials

    What Could Do the Trick for US Steel Prices

    Bank of America Merrill Lynch has raised its 2017 hot rolled coil steel forecast to $700 per ton. The brokerage also upgraded U.S. Steel (X) from a “neutral” to “buy.”

    By Mohit Oberoi, CFA
  • uploads///part  us steel
    Company & Industry Overviews

    What Do Current Market Dynamics Suggest for U.S. Steel’s Guidance?

    Despite its cost headwinds, U.S. Steel (X) expects to post EBITDA of $1.3 billion in 2017.

    By Mohit Oberoi, CFA
  • Basic Materials

    Three factors that will drive Nucor’s profits

    The World Steel Association expects global steel demand to grow by only 2% in 2014.

    By Mohit Oberoi, CFA
  • uploads///part
    Macroeconomic Analysis

    January Steel Imports: Should We Cheer or Worry?

    Steel executives have been regularly blaming the steep rise in US steel imports as the main reason for their woes. Last year, three companies presented their cases before members of Congress.

    By Mohit Oberoi, CFA
  • Basic Materials

    Must-know: The biggest risk US steel companies face

    Strong steel demand should turn into higher revenues for U.S. steel companies. However, rising imports have impacted steel demand.

    By Mohit Oberoi, CFA
  • uploads///part  guidance
    Basic Materials

    Steel Companies Tone Down Expectations after Steel Price Rout

    U.S. Steel (X) lowered its 2018 EBITDA guidance due to the recent correction in spot steel prices.

    By Mohit Oberoi, CFA
  • uploads///update _
    Basic Materials

    Analysts Are Coming Around to Cleveland-Cliffs, Stock Upgraded

    Today, J.P. Morgan (JPM) upgraded Cleveland-Cliffs (CLF) stock from “neutral” to “overweight.” Here’s why.

    By Anuradha Garg
  • uploads///part  imports
    Basic Materials

    Are Lower Steel Imports Supporting US Steel Prices?

    US steel imports As noted previously, US steel imports fell sharply last month. Hot rolled coil imports fell 5.6% YoY (year-over-year) to their lowest level since February 2017. Whereas cold rolled coil imports fell 7.7% YoY, they rose month-over-month. Imports of HDG (hot dipped galvanized) steel fell sharply in December. Nucor (NUE), AK Steel (AKS), […]

    By Mohit Oberoi, CFA
  • uploads///part
    Company & Industry Overviews

    AK Steel Hovers above 2015 Lows: Still among Steel’s Worst

    AK Steel (AKS) is still marginally above its 2015 lows. But it’s still among the worst performing steel companies in 2015.

    By Mohit Oberoi, CFA
  • uploads///leverage ratios
    Company & Industry Overviews

    Worthington Industries Enjoys Comfortable Leverage Ratios

    Lower leverage ratios give Worthington a lot of opportunities to expand its business. The company’s cash flow is also in good shape.

    By Mohit Oberoi, CFA
  • uploads///Iron ore companies performance
    Macroeconomic Analysis

    Iron Ore Pricing Pressures Likely to Persist

    Almost all of the iron ore miners are cutting costs, which is driving the cost curve down. This will put additional pressure on prices.

    By Anuradha Garg
  • uploads///part
    Basic Materials

    Can AK Steel’s Second-Quarter Earnings Call Reassure Investors?

    During AK Steel’s second-quarter earnings call, analysts could be closely watching the company’s ASP (average selling price) guidance.

    By Mohit Oberoi, CFA
  • uploads///overcapacity
    Basic Materials

    Why steel consumption matters to investors

    Too much steel production leads to an oversupply of steel. This leads to more competition, and in turn, to a correction in steel prices. Over the past several years, global markets have seen a glut in steel markets.

    By Mohit Oberoi, CFA
  • uploads///part  us steel demand
    Basic Materials

    US Steel Demand: 2018 Could Be a Strong Year

    If the Trump administration moves forward on the proposed infrastructure investments, it could boost US steel demand.

    By Mohit Oberoi, CFA
  • uploads///part
    Miscellaneous

    Could the Steel Imports Probe Do More Harm than Good?

    The imports probe might not hurt China much. In contrast, the US could get involved in a trade dispute with friendly nations.

    By Mohit Oberoi, CFA
  • uploads///part  aks
    Basic Materials

    Why AK Steel Isn’t in Favor with Brokerages

    AK Steel’s mean consensus target price of $2.92 represents a potential upside of 11.9% over its closing price on March 8.

    By Mohit Oberoi, CFA
  • uploads///US_Volumes
    Basic Materials

    Why CLF Downgraded Its Volumes Guidance for the US Segment

    Cleveland-Cliffs’ reduced its sales and production volume guidance for 2017 from 19.0 million tons to 18.5 million tons.

    By Anuradha Garg
  • uploads///part  imports
    Company & Industry Overviews

    What Could Lift U.S. Steel Corporation Stock from Its Slump?

    Although global steel prices have weakened this year, steel bulls expect the probe into steel imports to provide some sort of relief for US steel plays.

    By Mohit Oberoi, CFA
  • uploads///eu
    Basic Materials

    Must-know: Does the slowdown in Europe impact your investments?

    The GDP figures in the second quarter raised fears about the European Union’s sustainability growth. The ECB recognized the severity of the situation.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Weekly Roundup: Steel Stocks Saw Their Fortunes Reverse

    Last week was mixed for steel stocks—they followed different trajectories. With gains of 6.6%, AK Steel (AKS) was the biggest gainer.

    By Mohit Oberoi, CFA
  • uploads///us steel versus aks
    Company & Industry Overviews

    U.S. Steel or AKS: Which Is a Better Play on Spot Steel Prices?

    Almost 60% of U.S. Steel’s US flat steel sales are either spot or have monthly or quarterly resets and would enjoy the benefits of higher spot steel prices.

    By Mohit Oberoi, CFA
  • uploads///part  stld
    Basic Materials

    How Analysts Are Rating Steel Dynamics ahead of Its 3Q17 Earnings

    Steel Dynamics (STLD), the third largest US-based steel producer after Nucor (NUE) and U.S. Steel (X), is expected to release its 3Q17 earnings on October 18.

    By Mohit Oberoi, CFA
  • uploads///PART  US STEEL
    Earnings Report

    United States Steel: 1Q17 Was Terrible, but Could 2Q17 Be Better?

    Analysts expect United States Steel to post revenues of $2.98 billion in 2Q17. It posted revenues of $2.72 billion in 1Q17 and $2.58 billion in 2Q16.

    By Mohit Oberoi, CFA
  • uploads///part  price action
    Basic Materials

    Steel Stocks Recoup Losses after MT’s Earnings Lift Sentiments

    Last week started on a positive note for most steel stocks, with most seeing upward price action on Monday. But sentiments were mostly negative after that.

    By Mohit Oberoi, CFA
  • uploads///part  china steel
    Company & Industry Overviews

    Should the Fall in Chinese Steel Prices Worry AK Steel?

    China is the world’s largest steel producer, consumer, and exporter. Last year, we saw a steep rally in Chinese steel prices.

    By Mohit Oberoi, CFA
  • uploads///man _
    Basic Materials

    AK Steel’s Outlook Looks Gloomy after Earnings Miss

    AK Steel (AKS) reported its third-quarter earnings on October 25 after the markets closed. The company reported revenues of $1.74 billion.

    By Mohit Oberoi, CFA
  • uploads///part
    Macroeconomic Analysis

    China’s April Trade Data: What It Means for Metal Investors

    China released its April trade data on May 8. The data weren’t received well by investors. Asian markets were trading lower in early trade.

    By Mohit Oberoi, CFA
  • uploads///part
    Basic Materials

    Will U.S. Steel’s Q1 Earnings Reassure Investors?

    U.S. Steel Corporation (X) saw a flurry of downgrades last month. Credit Suisse downgraded the stock from “neutral” to “underperform.”

    By Mohit Oberoi, CFA
  • uploads///nucor part
    Company & Industry Overviews

    Why Don’t Analysts Think Nucor Is a ‘Sell’ after the Steel Rally?

    Of the 19 analysts surveyed by Bloomberg, none rates Nucor as a “sell.” Nucor has a “buy” rating from ten analysts while nine rate the stock as a “hold.”

    By Mohit Oberoi, CFA
  • uploads///Intro
    Basic Materials

    What to Expect from Cleveland-Cliffs’ 3Q17 Earnings

    Cleveland-Cliffs (CLF) is scheduled to release its 3Q17 results before the US market opens on October 20. In this series, we’ll look ahead to CLF’s earnings and management call.

    By Anuradha Garg
  • uploads///part
    Company & Industry Overviews

    Is the Time Right to Consider Beaten Down Steel Stocks?

    The 1Q17 earnings season for US-based steel companies is almost over. Steel Dynamics released its 1Q17 earnings on April 19, 2017.

    By Mohit Oberoi, CFA
  • uploads///ant rozetsky  unsplash
    Basic Materials

    Cleveland-Cliffs’ Q2 2018 Earnings: What to Look Forward To

    Cleveland-Cliffs (CLF) will release its second-quarter results before the market opens on July 20.

    By Anuradha Garg
  • uploads///part  ebitda guidance
    Basic Materials

    Steel Companies’ Third-Quarter Guidance: Key Takeaways

    During the second-quarter earnings call, U.S. Steel Corporation raised its 2018 EBITDA guidance to $1.85 billion–$1.90 billion.

    By Mohit Oberoi, CFA
  • uploads///china
    Basic Materials

    Why the Chinese slowdown concerns steel plays the most

    China is the biggest steel consumer. It accounts for almost half of global steel consumption. The slowdown in Chinese steel consumption isn’t a healthy sign for global steel markets.

    By Mohit Oberoi, CFA
  • uploads///welding _
    Basic Materials

    Cleveland-Cliffs Stock Near Its 52-Week High—Looking ahead to 4Q

    Cleveland-Cliffs (CLF) stock is trading at $12.80 per share. Its year-to-date gain through October 1 is 77.0%.

    By Anuradha Garg
  • uploads///part  aks
    Basic Materials

    AK Steel: Does the Rally Have Any Steam Left?

    AK Steel (AKS) has gained more than 15% from its 2018 lows. However, AK Steel is still down 17.3% YTD (year-to-date).

    By Mohit Oberoi, CFA
  • uploads///last cash flows
    Earnings Report

    Cash Flows Improve for US Steel Industry in Challenging Market

    Of the three forms of cash flow, operating cash flow is the most important for a company. Let’s explore the trend in various steel companies’ cash flow metrics in 2Q15.

    By Mohit Oberoi, CFA
  • uploads///part  valuation
    Company & Industry Overviews

    Steel Companies’ Valuations Revert to Mean in June

    Steel companies were trading above their long-term trading multiples between February and June this year. This was due to the sharp rally in this sector.

    By Mohit Oberoi, CFA
  • uploads///part  steel
    Basic Materials

    US Steel to China: Where Are the Capacity Cuts?

    Earlier this year, China announced capacity cuts in order to curtail its excess steel. The same commitment has been reiterated by China several times.

    By Mohit Oberoi, CFA
  • uploads///last auto
    Earnings Report

    What Makes Nucor Optimistic about Its Automotive Shipments?

    Nucor has been increasing its presence in the automotive sector over the last couple of years.

    By Mohit Oberoi, CFA
  • uploads///part  unit costs
    Company & Industry Overviews

    Why U.S. Steel Investors Should Brace for Higher Input Costs

    U.S. Steel Corporation (X) produces steel in blast furnaces and uses coking coal and iron ore (CLF) as raw material.

    By Mohit Oberoi, CFA
  • uploads///EPS vs actual
    Earnings Report

    Inside Cliffs Natural Resources’ Solid 4Q16 Earnings, Big Stock Surge

    Cliffs Natural Resources’ results for 4Q16 were hugely positive and beat the market expectations by a wide margin.

    By Anuradha Garg
  • uploads///part  crc prices
    Basic Materials

    Must-Know: US HRC-CRC Spread Widens to Record Highs

    During its 2Q16 call, AK Steel (AKS) pointed to a “significant rise” in CRC steel imports from Turkey, Vietnam, and Australia.

    By Mohit Oberoi, CFA
  • uploads///part  aks
    Company & Industry Overviews

    Falling Car Sales and Waning Trump Effect Spell Trouble for AKS

    AK Steel (AKS) has been among the worst-performing steel stocks (MT) (STLD) in 2017 with year-to-date losses of more than 46% as of May 17.

    By Mohit Oberoi, CFA
  • uploads///part
    Company & Industry Overviews

    US Steel Mills Maintain Supply Discipline: Will It Help?

    According to data released by the American Iron and Steel Institute, US steel production fell 4.9% YoY (year-over-year) in the week ended September 24, 2016.

    By Mohit Oberoi, CFA
  • uploads///part
    Company & Industry Overviews

    What’s Driving the Current Uptrend in US Steel Prices?

    Spot steel prices in the US (DIA), especially in the flat-rolled segment, have risen over the last month.

    By Mohit Oberoi, CFA
  • uploads///last mt
    Company & Industry Overviews

    Inside the Tata Steel Crisis: A Tipping Point for ArcelorMittal?

    Tata Steel is exiting its UK operations after years of losses. But ArcelorMittal gets ~50% of its revenues from Europe, leveraging it to European steel.

    By Mohit Oberoi, CFA
  • uploads///part
    Earnings Report

    AK Steel’s 1Q17 Earnings Call: What Really Spooked Investors

    AK Steel expects its 2Q17 average selling prices to be “marginally higher” compared to 1Q17. However, AK Steel could witness higher costs in 2Q17.

    By Mohit Oberoi, CFA
  • uploads///part
    Company & Industry Overviews

    How Do US Steel Industry Indicators Look amid 3Q16 Earnings?

    By analyzing how steel industry indicators are shaping up, you can get a sense of how steel companies could perform beyond the current quarter.

    By Mohit Oberoi, CFA
  • uploads///last
    Earnings Report

    What Can Investors Expect from Steel Companies’ 2Q15 Earnings?

    AK Steel and U.S. Steel are expected to post a loss in 2Q15. U.S. Steel’s earnings have been hit because its tubular segment hasn’t been doing well.

    By Mohit Oberoi, CFA
  • uploads///US Steel prices
    Miscellaneous

    How Will Steel Prices in the US Impact Cliffs’ Realized Revenues?

    US steel has seen a change in fortunes this year. Trump’s win has been a positive catalyst for the industry.

    By Anuradha Garg
  • uploads///update _
    Basic Materials

    Why Did Jefferies Increase Its Target Price for Cleveland-Cliffs?

    Today, Jefferies analyst Seth Rosenelf raised the target price for Cleveland-Cliffs (CLF) from $11 to $13 while maintaining a “buy” rating on the stock.

    By Anuradha Garg
  • uploads///thumbs up _
    Basic Materials

    Revisiting the Case: How Does Cleveland-Cliffs Look Now?

    Cleveland-Cliffs (CLF) has witnessed a turnaround of sorts in the last four years.

    By Anuradha Garg
  • uploads///key strategies
    Basic Materials

    U.S. Steel’s strategic moves to aid long-term profitability

    U.S. Steel expects its pro forma net income to increase by $0.16 per diluted share for the first half of 2014 as a result of deconsolidation of Canadian operations. The company has also decided not to invest further in its iron ore facilities.

    By Mohit Oberoi, CFA
  • uploads///economy __
    Basic Materials

    Cleveland-Cliffs Stock Rises on Strong Earnings, Upbeat Guidance

    Cleveland-Cliffs (CLF) released its Q2 earnings on July 20. Its EPS was $0.76, beating the consensus estimate of $0.53 by 43.4%.

    By Anuradha Garg
  • uploads///part  contracts
    Earnings Report

    What to Watch for in ArcelorMittal’s 3Q16 Earnings Call

    During the 3Q16 earnings call, markets will wait for updates from ArcelorMittal on its negotiations with automotive customers.

    By Mohit Oberoi, CFA
  • uploads///part  free cash
    Basic Materials

    Dividend Reinstatement: ArcelorMittal Will Take Baby Steps

    ArcelorMittal suspended its dividend program in 2015 in response to tough market conditions. ArcelorMittal looks on track to reinstate its dividend in 2018.

    By Mohit Oberoi, CFA
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