United States Steel Corp

U.S. Steel Corporation, Nucor, and ArcelorMittal announced a price hike earlier this month. US steel prices fell to multiyear lows amid COVID-19.

Stock valuation is both an art and a science. We’ll look at some advanced valuation concepts, drilling down into the “art” part of valuing stocks.

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.

U.S. Steel stock (X) has underperformed peers so far in 2019. Notably, it’s the only leading US steel name that’s trading with a YTD (year-to-date) loss.

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.

Yesterday, Cleveland-Cliffs (CLF) announced that it would acquire AK Steel (AKS) at a premium of 16% over both stocks’ December 2 closing prices.

The automobile industry is on of the biggest end consumers of steel. It accounts for a quarter of steel consumption in the US.

Steel is a cyclical industry and is dependent on the growth in economic activity. In this series, we’ll learn key facts related to the steel industry and how investors can play the steel industry.

Steel can be classified into several categories. Various types of steel products are based on chemical composition. Types of steel are made by altering the chemical properties of steel.

Automobile companies are one of the biggest metal product consumers. Steel and aluminum are widely used in the automobile industry. Aluminum is being used more in automobiles.

Along with steel scrap, EAF can also produce steel through direct reduced iron (or DRI). DRI is produced by heating iron ore. STLD and NUE increased their focus on DRI.

Yesterday, the World Steel Association released data that showed global steel production falling YoY (year-over-year) in October.

Flat steel products consist of sheets and plates rolled from slabs, which are a semifinished steel product. These products are used in a wide range of industries such as automobile, domestic appliances, shipbuilding, and construction.

Nucor has produced 1.2 million tons of DRI this year at the Louisiana plant and expects to produce another 0.5 million tons in the next quarter.

Cleveland-Cliffs (CLF) and U.S. Steel (X) stocks have underperformed markets this year. However, U.S. Steel has been strong in November.

In today’s Get Real, we saw Apple Watch’s performance and another loss for Boeing. Plus, Google’s Fitbit acquisition faces scrutiny from the EU.

AT&T stock is prospering, while Netflix’s problems could be rising. We also have the latest earnings including U.S. Steel and Chevron today.

AK Steel (AKS) reported its third-quarter earnings on Wednesday in after-market trading. The stock fell sharply during trading on Thursday.

AK Steel (AKS) gets most of its revenues from the U.S. For the past three years, more than 85% of its sales have come from the U.S. This makes AK Steel more exposed to the domestic market’s dynamics than global factors.

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.

Today, the Bureau of Labor Statistics released the US non-farm payroll data for August. The US economy added fewer-than-expected jobs last month.

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.

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.

US steelmakers (SLX) were facing an onslaught of increasing steel imports into the US, which impacted their capacity utilization and pricing power negatively.

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’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.

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.

Although investors are still concerned about Cleveland-Cliffs’ (CLF) debt, it has come a long way with respect to debt levels.

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.

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.