|Bid||46.16 x 400|
|Ask||46.18 x 100|
|Day's range||45.57 - 46.43|
|52-week range||32.15 - 47.85|
|PE ratio (TTM)||21.33|
|Earnings date||22 Jan 2018|
|Forward dividend & yield||0.62 (1.33%)|
|1y target est||47.62|
Steel stocks are having a strong month. Based on January 12 closing prices, U.S. Steel Corporation (X) and AK Steel (AKS) have respectively gained 11.2% and 9.3% this month. Nucor (NUE) and Steel Dynamics (STLD) have also seen upward price action of 8.5% and 9.0% so far this month, respectively.
Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.
US Steel Industry’s 2018 Outlook: Can the Momentum Continue? Higher Chinese steel exports have been blamed for the global steel industry’s woes. November was the 15th consecutive month in which Chinese steel exports registered a yearly decline.
Currently, the last three-month stock returns for all major iron ore and US steel companies have been positive. U.S. Steel (X) has given the highest positive return of 37.4%. Steel Dynamics (STLD) follows with a return of 25.6%.
US Steel Industry’s 2018 Outlook: Can the Momentum Continue? As we noted previously, US steel stocks had a somber 2017. The year would have been even more lackluster for US steel stocks without the rally in December.
Within the steel space, AK Steel (AKS) registered the poorest performance with a 44.6% loss in 2017. After disappointing 1Q17 results, U.S. Steel (X) recovered to end 2017 with an annual gain of 6.6%.
FORT WAYNE, Ind., Jan. 5, 2018 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) one of the largest domestic steel producers and metals recyclers in the United States, today announced it intends to release fourth quarter and full-year 2017 financial results after market close on Monday, January 22, 2018. The teleconference is scheduled to begin at 10:00 a.m. Eastern Time on Tuesday, January 23, 2018 and will be hosted by Mark D. Millett, President and Chief Executive Officer, and Theresa E. Wagler, Executive Vice President and Chief Financial Officer. To participate, please dial +1.201.689.8040 at least ten minutes before the start time and reference the Steel Dynamics Fourth Quarter and Full-Year 2017 Earnings Call. The teleconference can also be accessed (in listen-only mode) by visiting the company's website at www.steeldynamics.com.
The last month of 2017 was a good one for U.S. based steel mills, here's what you need to know to understand the big price gains.
Based on 2018 free cash flow estimates, AK Steel (AKS) has the highest FCF yield in our select group of steel stocks (XME).
Steel Dynamics saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 92 the day before.
AK Steel (AKS) has a PS ratio of 0.29 based on 2018 expected revenues, which is the lowest in our select group of steel stocks, while Steel Dynamics’ (STLD) 2018 PS ratio is the highest among the companies ...
Previously in this series, we’ve looked at steel demand-supply dynamics. While US steel demand could continue its momentum next year, we could see some moderation in Chinese steel demand if the construction ...
US steel imports have been on the rise this year. Up October, US steel imports had risen on a yearly basis for 12 consecutive months.