ArcelorMittal SA

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.

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

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

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.

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

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.

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.

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.

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.

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

India’s current account deficit rose to 4.8% of GDP in 2012–2013, largely financed through hot money flows, and exceeded the government’s target level of 2.5% to 3% of GDP.

As of June 30, 11 fallen angel companies had issued tender offers YTD, boosting their bond prices by 5% on average.

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.

Iron ore and steel scrap are the key steelmaking raw materials. In the United States, steel prices and scrap prices tend to move in tandem.

On July 31, 2017, Cliffs Natural Resources (CLF) announced a tender offer for a $575.0 million aggregate principal amount of its 5.75% guaranteed notes due in 2025.

ArcelorMittal (MT), the world’s largest steel producer, reported revenues of $19.2 billion for 1Q18, the highest since 3Q14.

Steel producers manufacture steel in several shapes according to demand from end consumers.

ArcelorMittal (MT), the world’s largest steel producer, outperformed its US-based peers including U.S. Steel Corporation (X) and AK Steel (AKS) last year.

Nucor is the only North American steel producer to hold investment-grade credit ratings due to its comfortable liquidity and leverage ratios.

Among the US steel players (SLX), only Cliffs and U.S. Steel are trading at a discount to their respective last five-year average multiples.

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.

Analysts’ opinions remain divided over U.S. Steel (X) after its 1Q17 earnings results.

To fulfill its iron ore requirements, Nucor has a DRI plant in Trinidad.

We’re analyzing the surging steel imports in the United States. But first, investors should understand about various types of steel imports.

Metal service centers account for about one-fifth of U.S. Steel’s total revenues. This makes these centers an important customer segment for the company.

US steelmakers such as U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE) stand to gain from duties against imported steel products, as they help them protect their turf from foreign steelmakers.

The capacity utilization ratio is a key determinant of steel companies’ profitability. As a result, it’s a key metric that steel play investors should actively track.

Using aluminum, instead of steel, increases the vehicles’ manufacturing costs. With lower energy prices, analysts’ doubt that consumers will pay extra to purchase an all-aluminum body vehicle.

One would expect U.S. Steel to increase its 2016 guidance during its 2Q16 earnings call. However, U.S. Steel might be conservative.

The steel industry in China has witnessed a slowdown, largely as a result of a slowdown in the real estate industry in China.

The Japanese steel industry also benefited from Abenomics. Steel production picked up as a result of the policies. A weaker yen also benefited Japan.

U.S. Steel Corporation, Nucor, and ArcelorMittal announced a price hike earlier this month. US steel prices fell to multiyear lows amid COVID-19.

In this overview article, we’ll see how analysts are rating the leading steel stocks, and we’ll also compare performance from the top five steel companies.

Yesterday, Cleveland-Cliffs (CLF) announced that it would acquire AK Steel (AKS) at a premium of 16% over both stocks’ December 2 closing prices.

The automobile industry is on of the biggest end consumers of steel. It accounts for a quarter of steel consumption in the US.

Steel is a cyclical industry and is dependent on the growth in economic activity. In this series, we’ll learn key facts related to the steel industry and how investors can play the steel industry.

Steel can be classified into several categories. Various types of steel products are based on chemical composition. Types of steel are made by altering the chemical properties of steel.

Automobile companies are one of the biggest metal product consumers. Steel and aluminum are widely used in the automobile industry. Aluminum is being used more in automobiles.

Along with steel scrap, EAF can also produce steel through direct reduced iron (or DRI). DRI is produced by heating iron ore. STLD and NUE increased their focus on DRI.

Yesterday, the World Steel Association released data that showed global steel production falling YoY (year-over-year) in October.

Flat steel products consist of sheets and plates rolled from slabs, which are a semifinished steel product. These products are used in a wide range of industries such as automobile, domestic appliances, shipbuilding, and construction.

Nucor has produced 1.2 million tons of DRI this year at the Louisiana plant and expects to produce another 0.5 million tons in the next quarter.

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.

Steel serves as a raw material for various industries. You and I don’t consume the crude steel that’s produced in factories directly.

Iron ore, steel scrap, and coal are three main raw materials for steelmaking. Steelmaking is a raw material–intensive business.

Will President Trump lift the steel tariffs like President Bush? President Trump’s steel tariffs will likely remain due to his support base.

The bottom line is that steel prices are weaker due to global weakness and tepid US demand. President Trump’s trade war has impacted steel prices.

After Cleveland-Cliffs’s (CLF) debt repayment concerns were taken care of, it started refocusing on growth.

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.