United States Steel Corp

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  • Steel manufacturing facility
    Basic Materials

    Is There More Upside Left in CLF and U.S. Steel (X) Stock?

    By Mohit Oberoi, CFA
  • Steelworker at a plant
    Basic Materials

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

    By Mohit Oberoi, CFA
  • Steel coils at a X plant
    Basic Materials

    U.S. Steel Stock (X) Could Rise More Amid Commodity Supercycle

    By Mohit Oberoi, CFA
  • Why the capacity utilization rate came down at Steel Dynamics
    Basic Materials

    Why the capacity utilization rate came down at Steel Dynamics

    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.

    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
  • U.S. Steel Corporation's Upcoming Q4 Earnings
    Basic Materials

    Four Risks U.S. Steel Corporation Investors Should Know Before Q4 Earnings

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

    How US Steel Production Can Support Cleveland-Cliffs’ Volumes in 2018

    According to the World Steel Association, 6.7 million tons of crude steel were produced in the US in November 2017 compared to 7.0 million tons in October 2017.

    By Anuradha Garg
  • 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///tubular
    Company & Industry Overviews

    U.S. Steel’s Tubular Segment Is a New Achilles Heel

    The current year has been a dismal year for U.S. Steel’s Tubular segment, which generated a negative per ton EBITDA of $533 and $234 in 2Q15 and 3Q15, respectively.

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

    Why Cliffs Raised Guidance for US Volumes

    US iron ore (or USIO) is the main driver for Cleveland-Cliffs’s (CLF) top and bottom lines.

    By Anuradha Garg
  • uploads///Non Investment Grade Bonds Yields Spreads
    Company & Industry Overviews

    How Did US Financial Markets Fare in October 2015?

    The S&P 500 index, tracked by the SPDR S&P 500 ETF (SPY) and the iShares Core S&P 500 ETF (IVV), rose 8.3% in October.

    By David Ashworth
  • uploads///part
    Basic Materials

    Why It’s Difficult to Price Assets amid Frequent Policy Changes

    We’ve seen significant volatility in markets this year.

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

    Analysts on Iron Ore: How Much More Downside?

    Analysts have been expecting a downturn in iron ore. Analysts upgraded their short-to-medium-term forecasts, but they’re still not positive about long-term fundamentals.

    By Anuradha Garg
  • uploads///part  growth
    Basic Materials

    Getting Over Survival: Why Some Steelmakers Are Chasing Growth Now

    As we saw improvement in steelmakers stock prices in February, some started to look at equity issuance. ArcelorMittal raised $1 billion through asset sales.

    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
  • Basic Materials

    Why customers and investors can rely on Reliance Steel & Aluminum

    With just-in-time inventory management and an array of products, Reliance Steel & Aluminum (RS) is a reliable supplier to its customers.

    By Mohit Oberoi, CFA
  • uploads///part  hrc imports
    Basic Materials

    How Impressive Is the Fall in Last Month’s Steel Imports?

    HRC (hot rolled coil), CRC (cold rolled coil), and galvanized steel imports fell month-over-month in May.

    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
    Basic Materials

    Alcoa’s 2Q16 Earnings: What Can Investors Expect?

    Alcoa (AA) is expected to release its 2Q16 earnings on July 11. The company is in the final stages of its split, which will create two new entities.

    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///Key projects
    Earnings Report

    Key Projects Help US Steel Realize Over $500 Million In Savings

    US Steel has embarked on several key projects under its Carnegie Way program to increase profitability.

    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  valuation
    Basic Materials

    Why Investors Are Frugal in Valuing Steel Stocks

    Since investors have been frugal in valuing steel stocks, steel companies have looked at buybacks to shore up their stock prices.

    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  eps
    Basic Materials

    How U.S. Steel Pulled off Better-Than-Expected Earnings in 2Q16

    U.S. Steel released its 2Q16 financial results on July 26, reporting a net loss of $46 million, which translates into a per-share loss of $0.32.

    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
  • Basic Materials

    Why Reliance Steel’s profit margins fell in the 3Q

    Metals USA was a major acquisition that RS completed last year. Metals USA’s margins are a bit lower than Reliance Steel’s profit margins.

    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///stock exchange _
    Basic Materials

    Has AK Steel Stock Bottomed Out?

    AK Steel (AKS) is having a terrible year. Based on June 29 closing prices, the stock has lost 23.3% so far.

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

    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.

    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///part  shipments
    Basic Materials

    What Really Drove U.S. Steel’s 2Q16 Revenues

    U.S. Steel shipped 3.88 million metric tons of steel in 2Q16, which represents a sequential increase of 8.2%. Its 2Q16 shipments were almost flat YoY.

    By Mohit Oberoi, CFA
  • 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
    Basic Materials

    Four Reasons U.S. Steel Corporation Looks Like a Decent Buy

    U.S. Steel Corporation could see an incremental rise of 1.5 million tons of steel shipments next year.

    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  us steel
    Basic Materials

    Analysts Have Been Downgrading U.S. Steel Recently

    U.S. Steel carries a mean consensus price target $42.43, which represents a 45.2% upside over its October 9 closing price.

    By Mohit Oberoi, CFA
  • uploads///iron rods _
    Basic Materials

    New Probe Shows Fault Line in Trump’s Tariffs

    After the imposition of Section 232 steel and aluminum tariffs last year, several observers warned that we could see a spike in downstream imports.

    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  steel imports
    Company & Industry Overviews

    Will the Downtrend in US Steel Imports Continue in 2016?

    In November 2015, the United States imported 2.1 million metric tons of steel products—a YoY decline of 36%. What’s more, in November, US steel imports fell to a four-year low.

    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///Intro
    Earnings Report

    What to Look for in Cliffs Natural Resources’s 1Q17 Results

    In this series, we’ll see what investors could expect from Cliffs Natural Resources’s (CLF) 1Q17 results, which are scheduled to be released on April 27, 2017. CLF underperformed the other global iron ore miners in 1Q17.

    By Anuradha Garg
  • 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///man _
    Basic Materials

    Election Over, Market Still Undecided

    We know the nation is politically divided, and now the market is showing us its split personality as well.

    By JP Gravitt
  • 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
  • Basic Materials

    Three factors that will drive Nucor’s profits

    The World Steel Association expects global steel demand to grow by only 2% in 2014.

    By Mohit Oberoi, CFA
  • uploads///part
    Macroeconomic Analysis

    January Steel Imports: Should We Cheer or Worry?

    Steel executives have been regularly blaming the steep rise in US steel imports as the main reason for their woes. Last year, three companies presented their cases before members of Congress.

    By Mohit Oberoi, CFA
  • Basic Materials

    Must-know: The biggest risk US steel companies face

    Strong steel demand should turn into higher revenues for U.S. steel companies. However, rising imports have impacted steel demand.

    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///update _
    Basic Materials

    Analysts Are Coming Around to Cleveland-Cliffs, Stock Upgraded

    Today, J.P. Morgan (JPM) upgraded Cleveland-Cliffs (CLF) stock from “neutral” to “overweight.” Here’s why.

    By Anuradha Garg
  • 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  imports
    Basic Materials

    Are Lower Steel Imports Supporting US Steel Prices?

    US steel imports As noted previously, US steel imports fell sharply last month. Hot rolled coil imports fell 5.6% YoY (year-over-year) to their lowest level since February 2017. Whereas cold rolled coil imports fell 7.7% YoY, they rose month-over-month. Imports of HDG (hot dipped galvanized) steel fell sharply in December. Nucor (NUE), AK Steel (AKS), […]

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

    No Early Recovery in Sight for U.S. Steel’s Tubular Segment

    U.S. Steel’s Tubular segment has historically been its most profitable segment. But the segment’s financial performance has deteriorated over the past few quarters.

    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///leverage ratios
    Company & Industry Overviews

    Worthington Industries Enjoys Comfortable Leverage Ratios

    Lower leverage ratios give Worthington a lot of opportunities to expand its business. The company’s cash flow is also in good shape.

    By Mohit Oberoi, CFA
  • uploads///Iron ore companies performance
    Macroeconomic Analysis

    Iron Ore Pricing Pressures Likely to Persist

    Almost all of the iron ore miners are cutting costs, which is driving the cost curve down. This will put additional pressure on prices.

    By Anuradha Garg
  • 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
    Miscellaneous

    Could the Steel Imports Probe Do More Harm than Good?

    The imports probe might not hurt China much. In contrast, the US could get involved in a trade dispute with friendly nations.

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

    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.

    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///eu
    Basic Materials

    Must-know: Does the slowdown in Europe impact your investments?

    The GDP figures in the second quarter raised fears about the European Union’s sustainability growth. The ECB recognized the severity of the situation.

    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///part
    Basic Materials

    Will U.S. Steel’s Q1 Earnings Reassure Investors?

    U.S. Steel Corporation (X) saw a flurry of downgrades last month. Credit Suisse downgraded the stock from “neutral” to “underperform.”

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

    Why Don’t Analysts Think Nucor Is a ‘Sell’ after the Steel Rally?

    Of the 19 analysts surveyed by Bloomberg, none rates Nucor as a “sell.” Nucor has a “buy” rating from ten analysts while nine rate the stock as a “hold.”

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

    What to Expect from Cleveland-Cliffs’ 3Q17 Earnings

    Cleveland-Cliffs (CLF) is scheduled to release its 3Q17 results before the US market opens on October 20. In this series, we’ll look ahead to CLF’s earnings and management call.

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

    Is the Time Right to Consider Beaten Down Steel Stocks?

    The 1Q17 earnings season for US-based steel companies is almost over. Steel Dynamics released its 1Q17 earnings on April 19, 2017.

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

    Why the Department of Commerce ruling is positive for US Steel

    The ruling by U.S. DOC came on July 11.

    By Mohit Oberoi, CFA
  • uploads///part  asset revilalization
    Basic Materials

    U.S. Steel Corporation Is Addressing Its Legacy Issues

    U.S. Steel Corporation (X) is trying to address some of its legacy issues. Aging plants and high pension obligations have been two key challenges.

    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///china
    Basic Materials

    Why the Chinese slowdown concerns steel plays the most

    China is the biggest steel consumer. It accounts for almost half of global steel consumption. The slowdown in Chinese steel consumption isn’t a healthy sign for global steel markets.

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

    Cleveland-Cliffs Stock Near Its 52-Week High—Looking ahead to 4Q

    Cleveland-Cliffs (CLF) stock is trading at $12.80 per share. Its year-to-date gain through October 1 is 77.0%.

    By Anuradha Garg
  • uploads///Cliffs vs iron ore
    Company & Industry Overviews

    Why Is Cliffs Going to Idle Iron Ore Pellet Production?

    Cliffs announced that it is going to temporarily idle its iron ore pellet production at its Northshore Mining operation in Minnesota by December 1, 2015.

    By Anuradha Garg
  • uploads///part  aks
    Basic Materials

    AK Steel: Does the Rally Have Any Steam Left?

    AK Steel (AKS) has gained more than 15% from its 2018 lows. However, AK Steel is still down 17.3% YTD (year-to-date).

    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  valuation
    Company & Industry Overviews

    Steel Companies’ Valuations Revert to Mean in June

    Steel companies were trading above their long-term trading multiples between February and June this year. This was due to the sharp rally in this sector.

    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///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
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