|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||4.61 - 4.74|
|52-week range||2.60 - 5.32|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.03 (0.60%)|
|1y target est||6.29|
Seasonal demand pick-up coupled with high lead times have positively impacted flat-rolled steel prices. It’s also worth noting that U.S. Steel (X) and AK Steel (AKS) took some of their flat-rolled capacity offline in 2015 in response to falling spot steel prices. Rebar prices have underperformed HRC (hot rolled coil) recently.
PORTO ALEGRE, Brazil , Feb. 28, 2018 /PRNewswire/ -- 4Q17 Highlights Free cash flow of R$ 1.5 billion in 2017. Selling, general and administrative expenses decrease 26% in 4Q17 compared to 4Q16, corresponding ...
On the 4Q17 earnings call, ArcelorMittal’s (MT) CEO, Lakshmi Mittal, outlined a new capital allocation strategy. According to Mittal, “Mostly, we will continue to prioritize deleveraging, we believe that a net debt level of $6 billion with an appropriate target to sustain investment-grade rating metrics and support positive free cash flow even in the low point on the cycle. A few years back, ArcelorMittal set itself a medium-term net debt target of $15 billion.
Along with releasing its 2017 results, Kinross Gold (KGC) also announced an acquisition of two hydroelectric power plants in Brazil from a subsidiary of Gerdau (GGB). The rationale behind this acquisition is to secure long-term, low-cost power for its Paracatu mine in Brazil. This power should lower the overall production costs for the company’s Paracatu mine over its mine-life.
Kinross Gold (KGC) released its 4Q17 and 2017 results on February 14, after the market closed, and held a conference call with analysts on February 15. Kinross Gold stock dropped ~7% on February 15, underperforming the VanEck Vectors Gold Miners ETF (GDX), which fell just 1.0%. Goldcorp (GG) and Barrick Gold (ABX) also released their 4Q17 results on February 14 and held earnings calls the next day.
Gerdau's (GGB) divestment deal, related to two hydroelectric power plants in Goias with a business unit of Kinross Gold, will strengthen the company's core operations upon completion.
TORONTO, Feb. 14, 2018-- Kinross Gold Corporation is pleased to announce that its wholly-owned subsidiary, Kinross Brasil Mineraçao, has agreed to acquire two hydroelectric power plants in Brazil from ...
As we discussed previously, ArcelorMittal (MT) has submitted its bid for Essar Steel. The acquisition, if completed, will provide ArcelorMittal with a strong platform in India. Notably, ArcelorMittal doesn’t have a major presence in India.
Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.
Gerdau (GGB) has agreed to sell its U.S.-based rebar operations for $600 million. The deal, when completed, will help the company strengthen its core operations and lower its debt burden.
Commercial Metals Co. plans to acquire assets from a Brazilian rival that would double its share of U.S. rebar steel, a key construction material.
IRVING, Texas, Jan. 2, 2018 /PRNewswire/ -- Commercial Metals Company (CMC), today announced it has entered into a definitive agreement to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. (GGB), a producer of long and specialty steel products in the Americas for a cash purchase price of $600 million, subject to customary purchase price adjustments. Upon completion of the acquisition, CMC will have an expanded geographic footprint in the largest construction regions in the U.S. The acquisition will increase CMC's annual rebar and fabrication capacity and allow for the more efficient utilization of its asset base to better serve customers. "This acquisition aligns with our strategy to focus on our strength in concrete reinforcing products and leverages CMC's core competencies in rebar production and value added fabrication services to non-residential construction customers. In addition, these assets provide us the opportunity to optimize our product mix more fully in the U.S. As a leader in rebar manufacturing technology and customer service, we are excited to take advantage of our expertise to increase throughput, lower costs and improve the customer experience in our new operations," stated Barbara Smith, President and CEO of Commercial Metals Company.
SAO PAULO , Nov. 30, 2017 /PRNewswire/ -- Reputation Dividend ( www.reputationdividend.com ), in association with MZ" ( www.mzgroup.com ), announced today the 2017 Brazil Reputation Dividend Report. ...
SAO PAULO , Nov. 29, 2017 /PRNewswire/ -- Reputation Dividend ( www.reputationdividend.com ), in association with MZ" ( www.mzgroup.com ), announced today the 2017 Brazil Reputation Dividend Report. ...
Gerdau's (GGB) third-quarter 2017 profitability benefited from higher revenues, fall in financial expenses and positive impact of exchange variations, partially offset by rise in cost of sales.
On a per-share basis, the Porto Alegre, Brazil-based company said it had profit of 3 cents. The steel producer posted revenue of $2.99 billion in the period. _____ This story was generated by Automated ...
PORTO ALEGRE, Brazil , Nov. 8, 2017 /PRNewswire/ -- 3Q17 Highlights Free cash flow of R$ 500 million in 3Q17, double the amount generated in 2Q17. EBITDA of R$ 1.2 billion and EBITDA margin 12.3% in 3Q17. ...
PORTO ALEGRE, Brazil , Oct. 19, 2017 /PRNewswire/ -- Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) ("Gerdau" or the "Company"), Citigroup Global Markets Inc. and Santander Investment ...
PORTO ALEGRE, Brazil , Oct. 13, 2017 /PRNewswire/ -- Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) ("Gerdau" or the "Company"), Citigroup Global Markets Inc. and Santander Investment ...
Nucor was the S&P 500's top gainer on October 11, 2017. Nucor rose 3.6% and closed the day at $57.34—the highest close in two months.
To manage its debt burden, Gerdau S.A. (GGB) is set to divest its Chilean long steel industrial units for $154 million. It has also commenced a cash tender offer for $500 million worth of Bonds.