ArcelorMittal SA

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.

U.S. Steel Corporation (X) is scheduled to release its 4Q17 financial results on January 31, 2018. U.S. Steel Corporation closed 2017 with gains of 6.6%.

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.

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.

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

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

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

Cleveland-Cliffs’ (CLF) average realized prices increased 24% year-over-year and 22% quarter-over-quarter to $97 per ton in 2Q17.

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.

In this series, we’ll look at the top ten companies in the global steel industry based on steel production, steel consumption, and steel imports.

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

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.

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).

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

Based on its June 12, 2017, closing price, Cliffs Natural Resources is trading 15.2% and 11.9% higher than its 50-day and 20-day moving averages, respectively.

Compared to 1Q16, Cliffs Natural Resources’ average realized prices fell 5% year-over-year to $79.30 per ton in 1Q17.

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?

U.S. Steel Corporation has three segments: Flat Rolled, Europe, and Tubular. The company’s Tubular segment produces OCTG (oil country tubular goods) that are used in the energy sector.

Analysts expect ArcelorMittal (MT) to post revenues of $14.6 billion in 4Q16. The company posted revenues of $14.5 billion in 3Q16 and $13.9 billion in 4Q15.

Chinese demand is the key driver of iron ore prices, as the country accounts for more than two-thirds of seaborne demand (CLF) (BHP).

The United States is the largest steel importer globally. Steel companies such as U.S. Steel Corporation frequently blame steel imports for the US steel industry’s woes.

According to data compiled by Metal Bulletin, spot HRC (hot rolled coil) prices rose from $380 per short ton to $640 per short ton between January 2016 and June 2016.

One of the key features of steel companies’ 3Q16 financial performance was lower-than-expected revenues.

U.S. Steel Corporation (X) released its 3Q16 financial results on November 1 after the market closed, and it held its earnings conference call on November 2.

China’s passenger car sales rose 26% year-over-year in August. This is the fourth consecutive month that car sales have risen in the double digits.

US Spot hot rolled coil prices have risen in the ballpark of $200 per short ton in 2016. Spot cold rolled coil prices have risen by ~$300 per short ton.

ArcelorMittal (MT) posted adjusted EBITDA of $927 million in 1Q16 and ~$1.4 million in 2Q15.

Fallen angel bonds—high-yield bonds originally issued with investment grade credit ratings—are generally known for offering potential value. A big source of this value has been the tendency of fallen angels to be oversold below what may be considered fair value, leading to a downgrade to high yield. A less obvious source of value for fallen angels […]

The EU hasn’t been able to act decisively against higher Chinese steel imports. European steel production has fallen much steeper this year.

In May, ~14.5 million metric tons of steel were produced in the European Union. That was a YoY decline of 5.5%.

The excess global steel capacity will take a lot of time to balance out. The capacity closures in China, if they happen at all, will be gradual.

In its 4Q15 earnings release on January 27, 2016, Cliffs Natural Resources (CLF) may provide a further update on its venture into a direct reduced iron business.

In its 2Q15 results, Cliffs Natural Resources (CLF) downgraded its volume guidance for the USIO division for 2015, from 20.5 million tons to 19 million tons.

Cliffs Natural Resources (CLF) will release its 3Q15 results before the US market opens on October 29, 2015. A conference call will occur at 10:00 AM ET on October 29.

Steel companies’ product portfolios and end market exposures can have significant impacts on company performance.

A look at the geographical exposure of different steel companies, which are exposed to the overall economic activity of the regions in which they operate.

ArcelorMittal (MT) released its 2Q15 earnings on July 31. It reported net earnings of $0.2 billion in 2Q15 compared to a loss of $0.7 billion in 1Q15.