AK Steel Holding Corp

AK Steel (AKS) reported its third-quarter earnings on Wednesday in after-market trading. The stock fell sharply during trading on Thursday.

AK Steel (AKS) gets most of its revenues from the U.S. For the past three years, more than 85% of its sales have come from the U.S. This makes AK Steel more exposed to the domestic market’s dynamics than global factors.

AK Steel (AKS) stock was trading deep in the red in after-market trade on Wednesday. Based on the YTD price action, the stock is outperforming its peers.

Things could turn around for the US steel sector, with mills pushing for price hikes. Earnings results this week could also surprise positively.

Trump imposed a 25% tariff on US steel imports in 2018, and he recently doubled Turkey’s Section 232 tariffs to 50%. Will this really help?

This week, three leading US steel companies provided their third-quarter earnings guidances. All these guidances were lower than analysts were expecting.

US steel stocks are rising today on multiple factors. There’s rising optimism over a US-China trade deal, and Chinese steel exports plummeted in August.

In a regulatory filing, U.S. Steel announced layoffs. Last week, President Trump claimed that the US steel industry is “thriving” due to his tariffs.

U.S. Steel Corporation, AK Steel, Nucor, and Steel Dynamics will probably keep their fingers crossed as the “final” deadline approaches.

Earlier this year, U.S. Steel Corporation provided its sensitivity to spot steel prices, the quarterly EBITDA guidance, and annual guidance.

US steelmakers (SLX) were facing an onslaught of increasing steel imports into the US, which impacted their capacity utilization and pricing power negatively.

On February 16, 2018, the US Department of Commerce released its recommendations for the Section 232 probe into steel and aluminum imports.

U.S. Steel Corporation’s 4Q17 European shipments could be higher—compared to the sequential quarter. Steel demand tends to be slow in the third quarter.

AK Steel’s 4Q17 financial performance AK Steel’s (AKS) 4Q17 earnings results are expected on January 30. In this article, we’ll see what analysts are projecting for AK Steel’s 4Q17 revenue. We’ll also look at what could drive AK Steel’s 4Q17 financial performance. According to analyst estimates compiled by Thomson Reuters, AK Steel is expected to post […]

AK Steel (AKS) is scheduled to release its 4Q17 earnings results on January 30, 2018.

Nucor (NUE), the leading US-based steel producer, is expected to release its 4Q17 earnings on January 30. Analysts polled by Thomson Reuters expect Nucor to post 4Q17 revenues of ~$4.8 billion.

AK Steel (AKS) has gained sharply since mid-December. The stock, which traded weak for most of 2017, has shown strength in the past month.

Nucor received a “strong buy” rating from four analysts, while five analysts have a “buy” rating on the stock and five analysts have a “hold” rating.

Steel Dynamics will release its 4Q17 financial results on January 22, 2018. AK Steel and Nucor are scheduled to release their 4Q17 earnings on January 30.

Although investors are still concerned about Cleveland-Cliffs’ (CLF) debt, it has come a long way with respect to debt levels.

Cleveland-Cliffs (CLF) achieved US volumes of ~5.9 million tons in 3Q17, an increase of 11% year-over-year (or YoY).

AK Steel (AKS) has the lowest forward PE multiple of 9.7 among our select group of steel stocks.

While U.S. Steel shed ~26% of its market cap after its 1Q17 earnings miss, AK Steel investors were left poorer by 21% after AKS’s 3Q17 earnings miss.

The most-traded January rebar contract on the Shanghai Futures Exchange climbed 4.3% to 3,776 yuan per ton.

For 3Q17, Cleveland-Cliffs reported average realized prices came in at $90.50 per ton.

Cleveland-Cliffs (CLF) released its 3Q17 results on October 20. CLF reported earnings per share of $0.36, beating the consensus estimate by $0.04.

According to consensus estimates, CLF’s net debt should fall 42% by the end of 2017 compared to 2016.

Steel prices Along with steel production, steel prices are among the most important drivers of US steelmakers’ earnings. Therefore, steel and iron ore investors should track US steel prices (SLX). After being depressed for a long period, US steel prices started their upward march in 2016 after high anti-dumping duties were levied on imported steel. Prices also […]

US steel production As US (DIA) (DOW) steel production is US steelmakers’ major revenue driver, it’s very important to track it. In this part, we’ll discuss domestic production and capacity utilization. According to the World Steel Association, the United States produced 7.1 million tons of steel in August 2017, an increase of 6.3% YoY (year-over-year). Production rose 5.6% in […]

Steel stocks have recouped some of their losses in the last two trading sessions. However, U.S. Steel Corporation (X) and AK Steel (AKS) have lost 5.3% and 4.1%, respectively, month-to-date based on their September 27 closing prices.

Steel production is raw material–intensive in nature. Iron ore, steel scrap, and coking coal are the key raw materials that go into steel production.

China was the largest steel consumer last year, with the mainland’s ASC at 681.0 million metric tons.

The American steel industry has written to President Donald Trump requesting that he restrict steel imports immediately.

After experiencing a great 2016, US steel stocks are having a tepid 2017.

Steel companies have high sensitivity to steel prices and their earnings tend to be volatile. Spot steel prices have been volatile in the last few years.

On August 8, China released its trade data for July. The country’s exports in dollar terms rose 7.2% compared to July 2016 while imports rose 11%.

Cliffs Natural Resources (CLF) downgraded its EBITDA and net earnings guidance for 2017 due to weaker-than-expected YTD averages of US HRC and seaborne iron ore prices.

The 2Q17 earnings season for US-based steel companies is now over. Cliffs Natural Resources (CLF) released its 2Q17 results on July 27, 2017, before the market opened.

US iron ore (or USIO) is the main driver for Cliffs Natural Resources’ (CLF) top and bottom lines. The top line, in turn, is driven by volumes and realized prices.

Cliffs Natural Resources (CLF) achieved revenues of $569 million for 2Q17, an increase of 15% year-over-year (or YoY).

Cliffs Natural Resources (CLF) released its 2Q17 results on July 27, 2017, before the market opened. Here’s what you need to know.

Since China’s automobile industry is the second-largest consumer of steel after the real estate sector, it’s important to track its developments.

May 2017 was quite a volatile month for Cliffs Natural Resources (CLF) and its peers. Cliffs fell 12.4% in May alone, bringing its year-to-date losses to 30%.

US steel prices have held their ground in 2017 and have built on last year’s gains. However, the bears (SDS) also have some valid points. Let’s discuss them in perspective.

In this article, we’ll analyze the key updates the markets are waiting for in U.S. Steel’s 1Q17 earnings call.

Previously, we looked at AK Steel’s (AKS) 1Q17 earnings estimates. In this article, we’ll look at some key updates the markets could be anticipating in the company’s 1Q17 earnings call.

U.S. Steel Corporation will release its 1Q17 earnings on April 24 after the market closes. The company’s earnings conference call will be on April 25.

In this article, we’ll look at February 2017’s flat rolled steel imports and study whether there’s a divergence in the imports of these products.

ArcelorMittal’s mining operations generated an operating income of $203 million in 4Q16, almost double what they generated in 3Q16.

With higher steel production and subdued demand, one would expect a tsunami of Chinese steel exports, but this wasn’t the case last month. So what did China want with so much steel?