Nucor Corp

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  • Road construction workers at work on improving infrastructure.
    Company & Industry Overviews

    Infrastructure Stocks Set To Benefit From Biden’s $1 Trillion Infrastructure Plan

    By Mohit Oberoi, CFA
  • Form energy branded power grid powered by iron batteries
    Company & Industry Overviews

    Iron Stocks to Buy As Power Grid Batteries Get an Upgrade

    By Rachel Curry
  • Steelworker at a plant
    Basic Materials

    X or NUE: Which Is the Best U.S. Steel Stock to Buy Now?

    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///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///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///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///part  china production
    Basic Materials

    Your Key Steel Events to Follow This Week

    China’s October fixed asset investment, real estate investment, and industrial production data are all expected to be released on November 14.

    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  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///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  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///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///Non farm Payroll Additions and Unemployment Rate in the US
    Macroeconomic Analysis

    How a Slowing Economy Impacts the US Labor Market

    The health of the US labor market is possibly the primary reason the FOMC (Federal Open Market Committee) had confidence to raise interest rates in December 2015

    By David Ashworth
  • 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///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  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  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  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///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///Valuation
    Basic Materials

    These Factors Could Drive Cleveland-Cliffs’ Valuation in 2018

    Among the US steel and iron ore peers, Nucor (NUE) is trading at the highest forward multiple of 7.7x.

    By Anuradha Garg
  • 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
  • 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///USIO Sales volumes
    Basic Materials

    These Factors Could Impact CLF’s US Volumes in 3Q17 and Beyond

    In 2Q17, Cleveland-Cliffs (CLF) achieved 4% growth year-over-year in US volumes to 4.3 million tons.

    By Anuradha Garg
  • Basic Materials

    Solid performance of U.S. Steel’s flat-rolled segment

    The increase in U.S. Steel’s profits at the flat-rolled segment was due primarily to Carnegie Way benefits. The company is expected to operate at higher utilization levels in the coming quarters. This is a positive sign for U.S. Steel (X) investors.

    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///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///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
  • Basic Materials

    Overview: US Steel’s performance versus its peers

    Lower margins are a reflection of the efficiency of a company.

    By Mohit Oberoi, CFA
  • 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///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///NUE
    Basic Materials

    Nucor and Acuity Brands Fell on December 14

    After gaining for three consecutive trading weeks, Nucor started this week higher but lost upward momentum as the week progressed.

    By Val Kensington
  • 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///rig count OCTG demand
    Macroeconomic Analysis

    Lower Demand for Steel Products: Rig Count Hits 12-Year Low

    The OCTG segment has been hit hard by lower demand and higher inventory. This would put pressure on U.S. Steel (X) and Nucor’s (NUE) tubular operations.

    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///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  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  guidance one pager
    Basic Materials

    U.S. Steel Might Need to Do Some Firefighting Today

    U.S. Steel Corporation (X) released its 1Q18 earnings results yesterday. While the company’s earnings beat analysts’ estimates, its 2018 guidance seems to have spooked markets.

    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///Spot steel prices
    Company & Industry Overviews

    Multiyear Low US Steel Prices are Not Helping Matters for Cliffs

    Most of Cliffs Natural Resources’ revenues and earnings are tied to the US steel industry. Steel prices are also a component of Cliffs’ pricing formula.

    By Anuradha Garg
  • 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///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///US_Price realization
    Earnings Report

    Cliffs’ US Realized Prices Have Ample Upside in 2017. Here’s Why

    Cliffs Natural Resources’ average realized prices were 0.5% lower YoY in 4Q16 at $73.8 per ton.

    By Anuradha Garg
  • 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///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///US Sales volumes
    Basic Materials

    Cliffs Natural Resources’ US Volumes: Will There Be a Surprise?

    On June 9, 2016, Cliffs announced that it will be reopening its United Taconite plant in northeastern Minnesota two months early due to a contract with U.S. Steel Canada.

    By Anuradha Garg
  • uploads///stock trading monitor desk
    Basic Materials

    Analysts Maintain the Status Quo on Steel Stocks

    Overall, the third quarter has been a subdued earnings season for steel companies (SPY). Nucor’s earnings fell short of analysts’ expectations.

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

    Can ArcelorMittal’s 3Q17 Earnings Boost Steel Market Sentiments?

    AK Steel (AKS), which released its earnings on October 31, fell 21.5% after its 3Q17 earnings release.

    By Mohit Oberoi, CFA
  • uploads///europe indicators
    Macroeconomic Analysis

    Europe’s Stagnant Industrial Production Impacts ArcelorMittal

    The industrial production has been stagnant for several quarters now. The slowdown in Europe also impacts mining giants like Rio Tinto (RIO) and BHP Billiton (BHP).

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

    U.S. Steel Corporation: Its Earnings Beat Might Impress You

    U.S. Steel Corporation (X) released its second-quarter earnings on August 1 after the market closed. Its revenues were $3.6 billion.

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

    What Could Hamper the Momentum in US Steel Prices?

    Due to a seasonal uptick in steel demand and better-than-expected demand from the construction sector, Chinese steel prices got a boost.

    By Mohit Oberoi, CFA
  • Basic Materials

    Why investors need to understand the correction in metal shares

    Metal shares have had a dream run since mid-2013. Specifically, steel companies’ shares have been defying all the laws of gravity.

    By Mohit Oberoi, CFA
  • uploads///europe steel production
    Miscellaneous

    Will Falling Steel Production in Europe Affect ArcelorMittal?

    The EU saw the biggest decline in steel production in February as compared to other major steel-producing countries.

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

    CLF Cautions: How Are Analysts Leading after the Recent Run-Up?

    Cliff’s Natural Resources has long-term contracts with US steelmakers and is thus affected more by what’s happening in US steel than in seaborne iron ore.

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

    What Does Cliffs Natural Resources’s Valuation Multiple Suggest?

    Cliffs Natural Resources (CLF) is trading at a forward EV-to-EBITDA multiple of 13.2x, compared to its last-five-year average of 9.6x. Its stock price has risen 40% in the last month.

    By Anuradha Garg
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    Basic Materials

    Why ArcelorMittal Stock Is Popular among Analysts

    On July 6, Macquarie initiated coverage on ArcelorMittal with a “outperform” rating and target price of 30 euros.

    By Mohit Oberoi, CFA
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    Basic Materials

    How U.S. Steel’s 2Q17 Performance Stacks Up against Its Peers

    It’s been a mixed earnings season for steel investors. Nucor and Steel Dynamics missed consensus earnings estimates. AK Steel and U.S. Steel posted better-than-expected earnings.

    By Mohit Oberoi, CFA
  • uploads///debt challenging steel market
    Company & Industry Overviews

    Nucor’s Strong Position in the Challenging Steel Market

    The steel market has been challenging in 2015—prices crashed due to Chinese exports. But Nucor’s financial strength and high profit margins helped it cope.

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

    Iron Ore and Steel Scrap Prices Diverge after Section 232 Tariffs

    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.

    By Mohit Oberoi, CFA
  • uploads///Analyst reco
    Earnings Report

    Cliffs’ Recommendations after 4Q16: Why Analysts Have Turned Bullish

    Cliffs has “buy” and “sell” recommendations from 22% of analysts each, while 56% of the analysts are recommending a “hold.”

    By Anuradha Garg
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    Company & Industry Overviews

    What’s the Real Issue Plaguing the US Steel Industry?

    The US steel industry (X) (AKS) (NUE) lists “unfairly traded steel products” as its biggest woe.

    By Mohit Oberoi, CFA
  • uploads///steel imort  facts
    Macroeconomic Analysis

    3 Things That Will Affect Steel Imports In 2015

    The growth in steel imports in 2015 could be less spectacular. There are several reasons for this outlook. Let’s discuss them in detail.

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

    Must-know: Why steel companies are celebrating

    While the Christmas season is still months away, steel companies have other reasons to celebrate. The steel sector has seen a lot of positive news over the past several months.

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

    Behind ArcelorMittal’s 1Q17 Call: What the Market Is Eager to Hear

    During its 1Q17 earnings call, the market will look for ArcelorMittal’s commentary on the steel price outlook.

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

    Why the Outlook for US Steel Prices Is Bright beyond 4Q17

    While US steel prices rose to a high of $660 per ton in March 2017, they fell to $580 per ton in June.

    By Anuradha Garg
  • uploads///part
    Basic Materials

    Analyzing China’s Steel Demand Indicators

    China’s automotive sales fell in July. According to the China Association of Automobile Manufacturers, China’s vehicle sales stood at ~1.89 million vehicle units.

    By Mohit Oberoi, CFA
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    Basic Materials

    U.S. Steel Corporation’s 1st-Quarter Conundrum Continues

    U.S. Steel Corporation released its 1Q18 results yesterday after markets closed.

    By Mohit Oberoi, CFA
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    Earnings Report

    ArcelorMittal’s 3Q16 Earnings: What’s the Word on Wall Street?

    ArcelorMittal (MT), the world’s largest steelmaker, will release its 3Q16 earnings on November 8. It has been a remarkable year for the company.

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

    What to Watch for in U.S. Steel’s 4Q16 Earnings Call

    During U.S. Steel’s 4Q16 earnings call, markets would expect more updates from the company regarding its 2017 coal contracts.

    By Mohit Oberoi, CFA
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    Basic Materials

    Wall Street’s Steel View: Which Steel Stocks Analysts Are Eyeing

    U.S. Steel (X) has received a “buy” rating from 51% of its analysts, while 13% analyst recommend a “sell.”

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

    How Does ArcelorMittal’s Valuation Look ahead of 2Q17 Earnings?

    In this article, we’ll look at ArcelorMittal’s (MT) valuation multiples ahead of its 2Q17 earnings.

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

    Can ArcelorMittal match U.S. Steel Corporation’s performance?

    U.S. Steel has almost identical problems as ArcelorMittal. Both had production through blast furnace routes, had high leverage ratios, and had their own iron ore mining.

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

    Does U.S. Steel’s Turnaround Look Real This Time?

    China exported 8.1 million metric tons of steel in November 2016, a fall of 16.0% YoY (year-over-year). Its exports fell 14.6% YoY in October.

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

    US Steel Stocks Pop after China Tariff Scare

    US steel stocks (XME) U.S. Steel Corporation (X) and AK Steel (AKS) are trading sharply higher today. Nucor (NUE) and Steel Dynamics (STLD) are also in the green.

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

    3Q16 Earnings: Are Analysts Losing Patience with U.S. Steel?

    3Q16 earnings Wall Street analysts update their target prices after a company’s quarterly earnings release. After U.S. Steel Corporation’s (X) 3Q16 earnings release, several leading brokerages slashed the company’s target price. Target price cut For instance, Credit Suisse, which was among the bullish brokerages on U.S. Steel, cut the company’s target price from $29 to […]

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

    US Steel Industry’s Woes Are Far from Over

    Most steel stocks continue to trade near 52-week lows. U.S. Steel Corporation (X) has fallen more than 70% year-to-date.

    By Mohit Oberoi, CFA
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