Steel Dynamics Inc
Analyzing US Steel Companies’ Q2 Guidance and Outlook
U.S. Steel Corporation (NYSE:X), Nucor (NYSE:NUE), and Steel Dynamics (NASDAQ:STLD) have released their second-quarter guidance and outlook.
Analysts Have Different Views on US Steel Stocks in May
UBS is bearish on US steel stocks. Last week, UBS lowered Steel Dynamic’s target price from $43 to $32 and Nucor’s target price from $56 to $39.
NUE and X to Report Q1 Earnings: What Should You Watch?
The earnings season is in full swing. This week, Nucor (NYSE:NUE) and U.S. Steel Corporation (NYSE:X) will likely release their first-quarter earnings.
US Steel Companies’ Q1 Earnings: What to Expect?
Steel Dynamics should report its first-quarter earnings after the markets close today. Other US steel companies’ earnings will follow in the coming weeks.
Should US Steel Mills Halt Production amid Coronavirus?
The AISI asked the Trump administration to classify the steel industry as “essential.” The industry wants to continue production despite the coronavirus.
CLF Stock Falls, Should You Bottom Fish?
CLF stock looks attractive from a long-term perspective. As a result, it’s a good time to do some bottom fishing in Cleveland-Cliffs.
Has U.S. Steel Stock Bottomed Out after the Sell-Off?
U.S. Steel Corporation has been in a free fall this year. The stock is trading at all-time lows. Recently, X has been hitting new lows.
Why Is CLF Stock Sagging near 52-Week Lows?
Cleveland-Cliffs (NYSE:CLF) stock is trading near its 52-week lows amid the coronavirus scare. The outbreak has impacted the Chinese steel industry.
US Steel Falls to 52-Week Low despite Trump’s Tariffs
U.S. Steel stock made an intraday low of $8.65 on Tuesday before closing marginally higher for the day. The level was a new 52-week low for the stock.
Why CLF Stock Could Have an Eventful 2020
AK Steel’s acquisition would make 2020 a crucial year for CLF. The company needs to make a lot of strategic decisions about AK Steel.
Could US Steel Stocks Be a Contra Play in 2020?
Overall, 2019 was a mixed year for US steel stocks. However, due to the rally in the fourth quarter, most stocks managed to close the year with gains.
Ross Defends Trump’s Steel Tariffs as Layoffs Mount
US Commerce Secretary Wilbur Ross defended President Donald Trump’s Section 232 steel and aluminum tariffs in a recent interview.
A Look at Analysts’ Top 5 US Steel Stocks
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.
CLF, U.S. Steel Corporation Read the Writing on the Wall
CLF and U.S. Steel Corporation are looking at electric arc furnaces, whose variable cost dynamics make them suitable for the cyclical steel industry.
Cleveland-Cliffs: Analysts Weren’t Impressed after Q3
Analysts weren’t impressed with Cleveland-Cliffs’ third-quarter earnings. On Thursday, J.P. Morgan lowered its target price from $8 to $7.
Trump Steel Tariffs: Will History Repeat Itself?
Will President Trump lift the steel tariffs like President Bush? President Trump’s steel tariffs will likely remain due to his support base.
Will U.S. Steel’s New Structure Beat the Weak Market?
U.S. Steel announced a new organizational structure and operating model. Will the company’s latest transformational steps help it tide the weak market?
US Steel Stocks Survive a Downgrade from Moody’s
Moody’s turned bearish on the US steel sector and downgraded the sector’s outlook from stable to negative. However, US steel stocks have been largely stable.
US Steel Imports Fell: Don’t Celebrate Just Yet!
Preliminary data showed that US steel imports fell sharply in August after the spike in July. However, falling imports haven’t restored investor sentiments.
US Steel ‘Thriving’ No More as Big Bull Caves In
JPMorgan Chase analyst Michael Gambardella downgraded US steel stocks. Gambardella had been bullish on US steel stocks even when Wall Street turned bearish.
US Steel Guidance: A Negative Read for Cleveland-Cliffs
Cleveland-Cliffs (CLF) and its US steel peers are on a roller-coaster ride in 2019. CLF fell 25.5% in August alone. Year-to-date, it’s up 6.4%.
US Steel Companies’ Guidance Opens a Can of Worms
This week, three leading US steel companies provided their third-quarter earnings guidances. All these guidances were lower than analysts were expecting.
‘Thriving’ US Steel Companies Face Moment of Truth
Last month, Trump claimed that the US steel industry is “thriving.” With US steel companies set to release their guidance, we may see if Trump is right.
CLF Stock: Buy Now in the Current Dip?
Cleveland-Cliffs, Inc (CLF) stock is having a roller coaster ride in 2019, as well as its US steel peers. CLF’s stock declined by 25.5% in August.
US Steel Stocks Surge, China Tariffs Delayed
US steel stocks have risen sharply on Tuesday. The Trump administration has delayed the tariffs on some Chinese products until December.
Chinese Exports Fall, but No Relief for US Steel Players
US steel players see higher Chinese steel exports as a major challenge. While Chinese steel exports have moderated, US steel stocks continue to drop.
U.S. Steel Corporation Is Playing Offense: Should It Be?
U.S. Steel Corporation released its second-quarter results last week. Though its earnings were better than expected, it saw a selling spree.
U.S. Steel’s Q2 Earnings Beat: Is It Impressive?
On Thursday, U.S. Steel released its Q2 earnings after the markets closed. Notably, U.S. Steel’s Q2 earnings beat the estimates.
U.S. Steel’s Q2 Earnings: What Should You Expect?
U.S. Steel’s Q2 earnings are scheduled to be released Thursday. Although the stock fell to its 52-week low in May, it has bounced back.
What to Know about AK Steel’s Q2 Earnings Beat
AK Steel (AKS) posted its second-quarter results yesterday after markets closed, beating analysts’ expectation for a second straight quarter.
AK Steel’s Q2 Earnings: Are the Estimates Aggressive?
AK Steel’s Q2 earnings are expected on July 29 after the markets close. The stock has bounced back sharply after hitting a 52-week low in May.
US Steel Stocks Are Rising Amid Uptrend in Pricing
US steel stocks are rising in July despite the earnings miss from Nucor and Steel Dynamics. AK Steel’s earnings are expected on July 29.
US Steel Prices Rise, Not Due to Trump’s Tariffs
The current uptrend in prices isn’t exactly due to President Trump’s tariffs. US steel companies look serious about supply discipline.
US Steel Companies Might Get Another Lifeline from Trump
Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.
China’s Steel Exports Fall, but Industry Woes Continue
On Friday, China released its June trade data. Its steel capacity and steel exports have been a challenge for the global industry.
US Steel Companies Announce Price Hikes
According to S&P Global Platts, Nucor (NUE) announced a price increase of $40 per short ton. The price hike will be applicable immediately.
Trump’s Tariffs Are Reshaping the US Steel Industry
Life has come full circle for US steelmakers. U.S. Steel Corporation announced the curtailment of two blast furnaces last month.
Spotlight on Trump’s Tariffs: Steel Industry’s Key Metric Fell
Steel production fell 1.2% on a weekly basis in the week ending June 29. The US steel industry’s capacity utilization rate fell to 79.5%.
US Steel Industry Outlook: Will June’s Momentum Continue?
The US steel industry had a somber start to the year, and the sell-off only deepened as the year progressed.
Have Steel Companies Gone through the Roof Like Trump Says?
In an interview with Fox, President Donald Trump said that US “steel companies are going through the roof” after Section 232 tariffs that were imposed last year. However, U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Steel Dynamics (STLD) fell to 52-week lows last month, respectively.
G20 Week: Trade Wars Are Anything but Easy to Win
In March 2018, US President Donald Trump tweeted, “Trade wars are good, and easy to win.” The basic premise behind this assumption is the massive trade deficit that the US runs with almost every major trading partner.
U.S. Steel Idles Plants, and Timing Couldn’t Be Worse for Trump
Meanwhile, while U.S. Steel’s guidance spooked markets, the company also announced plant closures. U.S. Steel will be shutting two blast furnaces in the United States and one in Europe. U.S. Steel’s plant closure announcement couldn’t have come at a worse time for President Trump who started his 2020 campaign yesterday.
After Nucor and STLD, U.S. Steel Also Gives Weak Q2 Guidance
U.S. Steel’s guidance fell short of what analysts were expecting, just like Nucor and Steel Dynamics. U.S. Steel said that it expects to post adjusted EBITDA of $250 million in the second quarter. Analysts polled by Thomson Reuters expected the company to post EBITDA of $288 million in the second quarter.
Nucor Lags Its Steel Peers on Disappointing Q2 Guidance
On June 17, Nucor (NUE), the largest US-based steel producer, released its second-quarter earnings guidance. The company expects to post EPS of $1.20–$1.25 in the quarter. In contrast, it posted EPS of $1.63 in the first quarter and $2.13 in the second quarter of 2018.
Does Steel Dynamics Offers Value after May Correction?
Steel Dynamics (STLD) has gained 3.1% in June. However, the stock has fallen 26.5% in the second quarter.
Why CLF Stock Is Rising despite Declining US Steel Prices
While domestic fundamentals improved after tariffs were imposed, weaker spot steel prices took hold shortly thereafter.
More Downgrades Hit US Steel Stocks as Prices Plunge
The escalation in the US-China trade war has been among the factors that have negatively impacted sentiment in the metals and mining sector.
How Analysts Rate Steel Dynamics after Its Q1 Earnings Miss
The first-quarter earnings season is nearly over, and most steel companies have released their quarterly earnings results.
U.S. Steel: Q1 Earnings Might Revive Investors’ Sentiments
U.S. Steel Corporation (X) is scheduled to release its first-quarter earnings on May 2 after the markets close.
It’s Getting Tough to Ignore AK Steel’s Weak Shipments
AK Steel (AKS) was trading higher in after-market trading yesterday after it posted better-than-expected earnings.
Are AK Steel’s Q1 Earnings Worth the Celebration?
AK Steel (AKS) released its first-quarter earnings yesterday after markets closed.
Cleveland-Cliffs Plans to Continue Buying Back Stock
Since Cleveland-Cliffs’ (CLF) new management took over in August 2014, the company has turned around for the better.
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results
Cleveland-Cliffs (CLF) released its first-quarter results on April 25 before the markets opened.
Cleveland Cliffs: Realized Price Expectations in 2019
Cleveland-Cliffs expects US (SPY) (IVV) realized prices to be $102.0–$107.0 per ton for 2019.
Analysts Expect a Steep Revenue Fall for CLF in Q1—Here’s Why
Analysts polled by Thomson Reuters expect Cleveland-Cliffs (CLF) to post revenue $120 million in the first quarter.
What Are Analysts’ Ratings on CLF ahead of Its Q1 Results?
Cleveland-Cliffs (CLF) is expected to report its first-quarter earnings results on April 25.
Steel Stocks Could Be in for a Revival after Recent Weakness
Credit Suisse and Bank of America Merrill Lynch issued bearish notes on the steel industry’s outlook earlier this month.
Steel Stocks See Some Relief as Nucor Beats Q1 Estimates
On April 23, Nucor (NUE), the largest US-based steel producer, released its first-quarter earnings results.
Can US Steel Stocks Recover from Their Current Slump?
US steel stocks are having a somber year so far. While the year started off well for steel stocks, they’ve seen selling pressures this month.
Analysts Weigh In on Nucor’s First-Quarter Earnings
Nucor (NUE) is expected to release its first-quarter earnings results on April 23. The company posted record earnings last year, but its stock fell 18.5%.
US Steel Industry: Analyzing the ‘Overcapacity’ Situation
Last week, two sell-side analysts downgraded U.S. Steel Corporation. The analysts see the expected increase in US steel capacity as a bearish driver.
U.S. Steel: Analysts’ Pessimism Might Not Be Warranted
While 2019 started on a positive note for US steel stocks, we saw a selling spree last week. Now, U.S. Steel Corporation is negative for the year.
How the Clairton Works Fire Could Impact U.S. Steel’s Earnings
In December, U.S. Steel Corporation (X) reported a fire incident at its Clairton Works coke facility that affected its pollution maintenance system.
AK Steel: After Q1 Outperformance, Analysts See Little Upside
AK Steel (AKS) outperformed other US steel stocks in the first quarter. The stock underperformed the broader steel space last year.
US Steel Lagged, Other Steel Stocks Rose in Q1
AK Steel (AKS) outperformed other US steel stocks and rose 22.2% in the first quarter. Cleveland-Cliffs continued to outperform steel stocks.
‘Steelmageddon’: Are Steel Bears Getting It Wrong Once Again?
Bank of America Merrill Lynch released a bearish note on the US steel industry, citing capacity additions among domestic steel companies.
Are US Steel Stocks a ‘Sell’ after Disappointing Q1 Guidance?
Today, Steel Dynamics released its first-quarter earnings guidance. It expects its first-quarter EPS to be between $0.88 and $0.92.
How to Play AK Steel amid High Volatility
In this series, we’ll look at AK Steel’s (AKS) drivers and valuation and gauge how markets are pricing the company’s risk-return profile.
President Trump’s Section 232 Tariffs Could Face a Big Test
Issuing exemptions for Canada and Mexico could be a big test for President Trump’s Section 232 tariffs.
Why AK Steel Isn’t in Favor with Brokerages
AK Steel’s mean consensus target price of $2.92 represents a potential upside of 11.9% over its closing price on March 8.
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?
On February 8, Cleveland-Cliffs reported an adjusted EPS of $0.55, which missed the earnings estimates of $0.59.
What’s Changed for US Steel Industry after a Year of Tariffs?
The tariffs have also spurred investments, as earnings of companies like U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Cleveland-Cliffs (CLF) improved following the tariffs.
Why US Steel Companies Would Love a Trade War Truce Now
Could US steel companies, which long objected to Chinese steel overcapacity and allegedly subsidized exports, actually benefit from a US-China trade truce?
AK Steel and U.S. Steel: A Tale of Two Guidance Methodologies
During their fourth-quarter earnings releases, both U.S. Steel Corporation (X) and AK Steel (AKS) announced tweaks to their guidance methodologies.
How AK Steel’s Strategy Differs from Other Steel Companies’
AK Steel’s (AKS) capital allocation has been different than its peers’. Let’s discuss this difference in perspective.
U.S. Steel’s Purse Strings Are Open following Trump’s Tariffs
Earlier this month, U.S. Steel Corporation (X) announced that it was restarting the construction of its EAF (electric arc furnace) in Fairfield.
US Steel Companies Are Making Hay while the Sun Shines
In this series, we’ll see how US steel companies utilized higher cash flows in 2018 and discuss the implications for investors.
Chinese Steel Exports Rose, Domestic Demand Fell
So far, 2019 has started on a different note for Chinese steel exports. The country exported 6.19 million metric tons of steel last month.
Is the Party Over for US Steel Stocks?
Analysts polled by Thomson Reuters expect AK Steel to post an adjusted EBITDA of $520 million in 2019.
Global Slowdown Offset Trump’s Steel Tariffs in Q4
Steel Dynamics’ (STLD) ASP fell 4.9% sequentially to $940 per ton. Nucor’s (NUE) fourth-quarter ASP fell 1.6% sequentially.
Steel Companies’ Q4 Earnings: Gains and Losses
We’re getting towards the end of the fourth-quarter earnings season. All of the leading US steel producers have released their quarterly earnings.
How Long Will Cleveland Cliffs Continue to Buy Back Stock?
Since the new management took over Cleveland-Cliffs (CLF) in August 2014, the company has turned around for the better.
Is Cleveland Cliffs’ HBI Plant an ‘Underappreciated’ Opportunity?
After Cleveland-Cliffs’s (CLF) debt repayment concerns were taken care of, it started refocusing on growth.
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over
Similar to 2018, Cleveland-Cliffs stock has significantly outperformed its peers year-to-date in 2019.
Why Is Cleveland-Cliffs Stock Soaring Even after 4Q Miss?
Cleveland-Cliffs (CLF) released its fourth-quarter earnings today before the markets opened.
How Wall Street Views Steel Dynamics after Record Earnings
Steel Dynamics (STLD) has received a “strong buy” rating from three analysts, while eight analysts have rated it as a “buy” or some equivalent.
Analysts Still Hate Steel Stocks despite Bumper Earnings
Overall, it has been a mixed earnings season for steel companies.
Here’s What Could Drive Cleveland-Cliffs’ Q4 Volumes
Cleveland-Cliffs (CLF) reported volumes of 6.48 million long tons for its US Iron Ore division for the third quarter.
What’s in the Cards for Cleveland-Cliffs’ Q4 Results?
In this series, we’ll see what investors can expect from Cleveland-Cliffs’ fourth-quarter and full-year earnings report.
Cleveland Cliffs: What’s Driving Wall Street’s Q4 Estimates?
Wall Street analysts expect Cleveland-Cliffs (CLF) to see EBITDA of $227 million in the fourth quarter.
What’s Priced In to CLF’s Revenue Estimates for Q4 2018?
Analysts polled by Thomson Reuters expect Cleveland-Cliffs (CLF) to post revenue $736 million in the fourth quarter, which implies a rise of 22.4% YoY (year-over-year).
U.S. Steel’s Q4 Earnings: The Most Crucial Metric to Watch For
U.S. Steel Corporation (X) is scheduled to release its fourth-quarter earnings today after the markets close and to hold its earnings call tomorrow.
AK Steel’s 2019 Guidance: What You Need to Know
AK Steel expects its 2019 average selling prices to be similar to 2018. The company’s average selling price guidance spooked investors last year.
AK Steel Missed the Shipment Guidance Again
AK Steel’s ASP was better than expected in the fourth quarter. The company reported a flat-rolled ASP of $1,106 per ton in the fourth quarter.
Q4 Earnings: Can U.S. Steel Corporation Lift Sentiments?
U.S. Steel Corporation (X) is scheduled to release its fourth-quarter earnings results on January 30.
Q4 Earnings Preview: Can AK Steel Avoid Another Disappointment?
Could the fourth quarter be any better for AK Steel? We’ll explore this prospect in detail in the coming articles.
Are Trump’s Tariffs Having the Desired Effect?
As we learned earlier, last year, President Donald Trump imposed Section 232 tariffs on US steel and aluminum imports.
How Trump’s Steel Tariffs Could Play Out This Year
Despite the Section 232 tariffs, US steel stocks fell last year. U.S. Steel Corporation and AK Steel fell 48.2% and 60.2%, respectively.
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?
US steel stocks had a weak 2018 despite the Trump administration’s tariffs on imported steel products.
AK Steel: Analysts Could Be Right in 2019
AK Steel (AKS) is scheduled to release its fourth-quarter earnings on January 28 after the markets close.