SunCoke Energy (SXC) reported earnings of 2 cents per share in the first quarter of 2017, compared with the Zacks Consensus Estimate of a loss of 10 cents.
Nucor's (NUE) first-quarter earnings missed the Zacks Consensus Estimate while revenues beat.
There's been a lot of excitement about first quarter earnings season, with overseas earnings growth looking better than the U.S.
POSCO's (PKX) first-quarter 2017 net income surged 189.1% year over year to KRW 977 billion ($0.85 billion) on the back of revenue growth and cost reduction initiatives taken by the company. Net earnings per share were KRW 2,799.4 or $2.43 per American Depository Receipt ("ADR").
President Donald Trump is expected to sign an executive order as early as Thursday directing the Commerce Department to investigate whether steel imports into the U.S. should be blocked on national security grounds, according to sources familiar with the plan. A number of steel industry executives have been invited to the White House for an event with Commerce Secretary Wilbur Ross. Representatives from ArcelorMittal, Nucor, U.S. Steel, AK Steel and Timken are expected, along with the president of the United Steelworkers union. China’s excess capacity to produce steel is seen as a long-term threat to the U.S. steel industry’s viability, but it’s unclear if the order will single out any country or be global in scope. The proposed order would direct Ross to launch an investigation under a provision of U.S. trade law that requires the Commerce secretary to report to the president within 270 days whether a certain product is being imported in sufficient quantities or under such circumstances that it threatens to impair national security.The White House did not respond to a request for comment. The president then has another 90 days to decide whether to “adjust" imports or take some other non-trade related action. The United States imported about 30 million metric tons of steel in 2016, down from 35 million in 2015, for use in a variety of sectors including buildings, bridges, water and sewage plants and oil and natural gas production. Major foreign suppliers include Canada, Brazil, South Korea, Mexico, Japan and Germany. China is relatively far down on the list because of a number of U.S. countervailing and anti-dumping duty orders already in place on its exports.
Экспортеры лома пытаются заработать на теневых схемах вывоза стратегического сырья из Украины - "Интерпайп"
Экспортеры лома черных металлов предпринимают попытку заработать на теневых схемах вывоза дефицитного сырья из страны, поэтому обвинили ПАО "Укрзализныця" в составлении условий тендеров по реализации скопившегося на предприятиях железной дороги металлолома через электронные системы с преимущественным правом закупки металлургическими предприятиями страны в интересах трубно-колесной компании (ТКК) "Интерпайп" (Днепр).
The Zacks Analyst Blog Highlights: U.S. Steel, AK Steel, Nucor, Commercial Metals and Steel Dynamics
The Zacks Analyst Blog Highlights: U.S. Steel, AK Steel, Nucor, Commercial Metals and Steel Dynamics
The world is undergoing a transformation in how it gets its power. In Germany, we have a word for it: Energiewende. It means energy turning point. (We use the same word Wende to describe the fall of the Berlin Wall and all the dramatic changes that came with it.) In this transformation, we are witnessing the decarbonization of power consumption, thanks to the large-scale deployment of renewable energy sources such as wind and solar. Earlier this year, the European Union announced that its climate and renewable energy targets—a 20% cut in greenhouse gas emissions, 20% of EU energy from renewable sources, and a 20% improvement in energy efficiency—are actually on track to realization by the year 2020. At the same time, we’re also seeing the decentralization of power production. For example, in Germany, more than 1.5 million households supply their own electricity, either for self-consumption or directly to the central grid. In 2015, around 40% of new PV installations were accompanied by a battery. In the nation’s rural areas, more than 180 bioenergy villages have taken responsibility for their own electricity generation. Similarly, in cities, energy and housing associations are installing PV panels on multi-unit buildings, and the German ministry of economics and energy estimates around 3.8 million apartments could be supplied with PV panels placed on their rooftops. Industry players have realized the marketing and cost-saving potential, too: automaker BMW powers the plant where it manufactures the i3 and i8 electric vehicles with a 10 MW wind park, and discount retailer Aldi Süd has installed photovoltaic panels on 1,000 supermarkets. In 2016,renewable, intermittent energy sources contributed more than 30% to gross electricity generation. Besides the environmental benefits, there are huge implications for the manufacturing sector and for national competitiveness. Countries that manage to transition effectively to low-carbon generation technologies will be home to competitive energy solutions and manufacturing firms that are more resilient to energy shocks and weather disruptions. That’s why so many countries are moving ahead with ambitious plans in this sector. In 2016, China installed 34 gigawatts (GW) of PV-panel-driven renewable power capacity. In January, the country’s energy agency announced that it will invest $361 billion to shift from smog-generating coal power to renewables. India plans to install 100 GW by 2022, up from 4.9 GW of new installations in 2016. The United Arab Emirates is investing $163 billion in renewable energy projects, with a target of meeting nearly half of its power needs with renewables by 2050. Morocco aims to do so by 2030. In two chief regions in Australia, rooftop PV penetration has already reached 30 percent. Around the world in 2015, additions of renewable power capacity outpaced other forms of electricity generation—coal, gas, oil, and nuclear—combined. While regulatory policy, implementation, and rollout may differ from country to country, decentralization typically encompasses three phases. Each brings its own challenges. Countries in the first phase, which we call “Energiewende 1.0,” focus on promoting renewable energies, such as solar, wind, biomass, or geothermal energy. Regulatory incentives include instruments like requiring utilities to source a small portion of their generation from renewable sources. Countries with a strong manufacturing base, such as China or Germany, may have a secondary objective: establishing a domestic manufacturing base for the respective renewable technology. During this first phase of development, the total contribution of renewable power generation hovers below critical thresholds. The electricity infrastructure can cope with the additional, intermittent strain on the distribution network. Supply and demand remain largely unaffected. Some countries such as Denmark and Germany have already entered the second phase, “Energiewende 2.0,” which is characterized by a large share of intermittent, weather-dependent power sources. In Germany, we have a word for the cloudiest days when the wind is not blowing very hard: Dunkelflaute. It means “dark doldrums.” Dealing with days like these — when both wind and solar power generation is very low – must be part of the equation as regulators and industry introduce more renewable power into a system originally designed for more flexible electric power generators such as gas-fired plants. During this second phase, grid operators frequently have to intervene to keep the electricity grid in balance. For example, interventions in Germany’s largest transmission grid operated by private company TenneT increased from fewer than 10 interventions per year in 2003 to almost 1,400 interventions in 2015. In the third phase, which is yet to come for any country, we predict that the electricity supply industry will be forced to leave its roots as a public infrastructure service and become truly private businesses, with customized solutions for each producer and consumer. This seems like the natural end-game for the broader decentralization patterns we’re observing. Thus markets entering “Energiewende 3.0” will have to answer two major questions. Who will bear the costs of expensive high-voltage transmission infrastructure if most supply is organized on a local or individual level? And how can governments steer the transition from a public to a private infrastructure, in particular the co-existence of both a central network and decentralized solutions? Many governments still hesitate to foster the transition to decentralized power generation structures. It’s not easy, as the financial turmoil of major European power companies demonstrates. But electric utilities have been learning to adapt to these new realities of decentralized supply. They’re beginning to offer bundled services and package solutions instead of simply selling electrons by the kilowatt hour. We believe it is only a matter of time until flat rates for electricity become the standard. Private-sector solutions are stepping up to meet market needs, too. So-called aggregators are now bundling the energy input of individual households to sell on wholesale markets. And demand-response providers identify companies that can temporarily switch off part of their electricity consumption—increasing the elasticity of demand to keep the grid balanced. ReSTORE, the European market leader in demand response, has already attracted more than 125 large industrial and commercial consumers, including heavyweights such as petrochemical company Total, steel producer ArcelorMittal, and cement manufacturer Holcim. Compensation paid to these manufacturers can amount to more than 100,000 euros per year per megawatt of avoided energy consumption. Countries in the developing world that have historically struggled to electrify their rural areas may be able to jump ahead to the third phase more quickly. In these markets, entrepreneurs recognize opportunities in the absence of public sector solutions. For example, Bangladeshi startup SOLshare establishes peer-to-peer microgrids that deliver solar power to households and businesses. That enables people to become solar entrepreneurs, because they can trade excess electricity for profit. Whether via community initiative, entrepreneurial disruption, or traditional supplier adaptation, the global energy transformation is underway. Inevitably, it will affect national and industry competitiveness. Manufacturers and businesses have a large stake in managing this transition effectively, whether they’re driving the changes—or simply benefitting from the flexible, decentralized system.
Steel stocks got beaten up after the commerce department's tax ruling on OCTG imports from South Korea fell short of market expectations.
"Метинвест" оценивал риски с поставками сырья со своих активов на НКТ с 2014г, диверсифицируя потоки
Горно-металлургическая группа "Метинвест" анализировала ситуацию с поставками сырья из своих активов на временно неконтролируемой территории (НКТ) Украины с 2014 года, просчитывала риски и проводила диверсификацию поставок.
Arconic (ARNC) has completed the installation of the state-of-the-art manufacturing technology, Very Thick Plate Stretcher, which is capable of producing highly differentiated plates for the industrial and aerospace markets.
Based on its strong fundamentals and compelling growth prospects we believe U.S. Steel has plenty of upside potential.
We have diagnosed the stocks that are fit enough to fight market vagaries and could emerge successful in the coming months.
Today we've highlighted ten stocks that are currently trading for under $20 per share. All of these stocks currently have a Zacks Rank #1 (Strong Buy), and a variety of other factors make these companies stand out as having strong upside potential.