Gerdau SA

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

Brazil (EWZ) is rich in commodities. It’s among the top producers and exporters of iron ore, crude petroleum, soybeans, sugar, and meat.

In this article, we’ll look at ArcelorMittal’s 1Q17 cash flow and leverage positions. As of the end of 1Q17, ArcelorMittal had net debt of $12.1 billion.

Commodity-rich Brazil happens to be one of the important emerging markets (EEM) of the world. However, declining commodity prices are impacting Brazil’s exports.

Steel demand is a key driver of steel companies’ performances, and the construction sector accounts for almost 40% of US steel demand.

Since US steel demand is the major driver behind steel companies’ volumes and prices, it’s important to track the data for Cliffs Natural Resources (CLF).

Brazil (EWZ) is in a state popularly known as “stagflation.” The economy is characterized by low growth, high unemployment levels, and a rising inflation rate.

George Soros sees Russia in a weak position. He believes that it has enough reserves to last a couple of years. It might see a lot of debt coming due in 2017.

Tilray (NASDAQ:TLRY) reported dismal results for the fourth quarter of fiscal 2019 on Tuesday. The losses widened in the fourth quarter.

After Green Growth Brands reported its earnings, Eight Capital downgraded the stock from “buy” to “sell.” Currently, three analysts follow the company.

On Tuesday, GW Pharmaceuticals reported its fourth-quarter earnings after the market closed. For the quarter, the company reported revenue of $109.1 million.

On Monday, Green Growth Brands reported its earnings results for the second quarter of fiscal 2020. The company reported revenues of $21.1 million.

Green Growth Brands will likely report its results for the second quarter of fiscal 2020 on February 24. Analysts expect the company’s revenue to rise sequentially.

Analysts expect Green Growth to become profitable in fiscal 2021. In fiscal 2020, they expect the company to report a negative EBITDA of $80.2 million.

Weakness in cannabis stocks continued today, the fourth day of decline. The US equity market fell today due to the growing tension between the US and Iran.

Cannabis retailer MedMen (MMNFF)(MMEN) reported its first quarter of fiscal 2020 earnings results yesterday. Here’s what you need to know.

For the first quarter of 2020 ending in September, Green Growth Brands reported revenues of $12.7 million—an increase of 77% sequentially.

On Wednesday, Green Growth reported its fourth-quarter earnings after the market closed. The company reported revenues of $7.2 million.

Along with releasing its 2017 results, Kinross Gold (KGC) also announced an acquisition of two hydroelectric power plants in Brazil from a subsidiary of Gerdau (GGB).

Looking at July imports data, HRC (hot rolled coil) imports fell ~27.0% year-over-year. However, imports rose on a monthly basis.

Steel demand is a key driver of steel companies’ performances, and the construction sector accounts for almost 40% of US steel demand.

Brazil (EWZ) is expected to see a reversal of the downward trend in its economic growth in 2017, mostly with the help of rising commodity prices and improvements in exports.

Because China is the world’s largest steel consumer, it’s important for investors in companies such as U.S. Steel, ArcelorMittal, POSCO, and Gerdau to keep track of the Chinese steel industry.

The construction sector is the leading steel consumer in the US. It accounts for ~40% of the total steel demand.

In 2Q16, ArcelorMittal’s Mining segment generated an EBITDA of $163 million as compared to $98 million in the sequential quarter.

Housing starts in the US rose by 4.8% to a SAAR (seasonally adjusted annual rate) of 1.2 million units in June 2016.

China produced 70.5 million metric tons of steel products in May 2016, according to data released by China’s National Bureau of Statistics.

The Brazilian real weakened to record lows against the US dollar in 2015. Depressed debt ratings by credit rating agencies also weighed on the sentiment.

SLANX’s assets were invested across 50 holdings as of September 2015, and it was managing assets worth $213.7 million as of November’s end.

Chinese steel prices have continued to slide in November. Chinese steel mills lost $35 per ton on average in 3Q15.

If you’re an investor in any of the steel companies (XME), you should explore how the Chinese (FXI) steel demand is playing out.

The Deutsche Latin America Equity Fund Class A seeks long-term growth by focusing on bottom-up research, growth-orientation, and regional theme analysis.

ArcelorMittal has a steep debt repayment schedule for the next three years and could face refinancing risk if steel market conditions continue to worsen.

Nucor is a market leader in the construction industry, particularly in rebar. In 2015, it will raise automotive shipments by 20%, a key long-term driver.

The Brazilian real underwent massive depreciation of 1.89% against the US dollar on September 10 after the country’s credit rating went from “investment-grade” to “junk” status the night before.

The Brazilian real fell by 0.88% against the US dollar on August 28, 2015. GDP data for the second quarter confirmed a contraction in the economy.

Strong steel demand indicators in the US market have helped steel companies’ shipments in 2Q15.

Brazil (EWZ) accounts for ~12% of ArcelorMittal’s (MT) revenues. ArcelorMittal also uses Brazil as an export hub.

Operating cash flow is generated by a company’s core operations. In the last two quarters, U.S. Steel has reined in its working capital and posted a positive operating cash flow.

ArcelorMittal’s 2Q15 steel shipments increased 3.4% year-over-year. However, its revenues declined more than 18% over this period.

An increase in architectural billings means more buildings are expected to go up. Higher construction activity leads to higher demand for aluminum .products.

The steel industry’s fundamentals have been weak, led largely by massive global overcapacity and the deep capex cuts announced by energy companies.

This is the first time since December 2013 that building sales have increased on an annual basis. In April, China’s building sales contracted to -3.1% YoY.

A low capacity utilization rate increases competition between existing industry players. This pressures steel prices as producers try to increase sales.

Steel production in the United States has declined this year. Through March 7, 2015, steel production is down 3.4% over the same period in 2014.