Nucor Corp

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.

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.

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?

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.

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.

Nucor (NUE), the largest US-based steel producer, released its second-quarter earnings results on Thursday. Here’s what you should know.

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

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.

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

During the 4Q17 earnings call, analysts will carefully watch U.S. Steel Corporation’s 2018 guidance.

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 (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.

Based on its January 12, 2018, closing price, Cleveland-Cliffs is trading ~28% above its 50-day moving average and 15.4% above its 20-day moving average.

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.

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.

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

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 […]

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.

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.

Nucor’s (NUE) PE ratio of 21.8x is pitted against a sector average of 19.4x. The dividend yield of 1.5% is pitted against a sector average of 1.4%.

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.

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.

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

According to the consensus compiled by Thomson Reuters, 22% of the analysts covering Cliffs Natural Resources (CLF) recommended a “sell” for the stock, 33% recommend a “buy,” and 44% recommend a “hold” for the stock.

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

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?

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.