Stock Blog Hub » Steel & Iron

(CMC) Company News for December 20, 2011 – Corporate Summary

vitalstocks — Tue, 20 Dec 2011 18:11:23 +0000

• In a deal worth $560 million, Winn-Dixie Stores Inc. (NASDAQ:WINN) will be sold to supermarket operator Bi-Lo LLC. Following the development, shares of Winn-Dixie soared 70.1% • A company spokeswoman told Reuters that Procter & Gamble Co. (NYSE:PG) has stopped full-time hiring for this fiscal year • Schnitzer Steel Industries Inc. (NASDAQ:SCHN) said that [...]

(CMC) Company News for December 20, 2011 – Corporate Summary

(GGB) Gerdau S.A. – ADR – Bear of the Day

vitalstocks — Wed, 28 Sep 2011 14:14:56 +0000

Brazilian steelmaker Gerdau S.A.’s (GGB) second quarter results were rather disappointing as the company’s EPS of $0.18 plummeted 38% year over year and lagged behind the Zacks Consensus by 14 cents. Results were plagued by higher raw material costs that have been persistently affecting the company’s financial health. To add to the peril, Gerdau’s positive [...]

(GGB) Gerdau S.A. – ADR – Bear of the Day

vitalstocks — Tue, 20 Sep 2011 20:01:22 +0000

(GGB) Gerdau S.A. – ADR – Bear of the Day

(AKS) AK Steel Holding Corporation Adds Surcharge

vitalstocks — Tue, 09 Aug 2011 19:34:43 +0000

AK Steel Holding Corporation (AKS) added a surcharge of $460 per ton for a broad range of electrical steel products that it produces. This surcharge will be reflected in the invoices of electrical steel products to be shipped in September 2011. The surcharge is calculated on the basis of reported prices for raw materials and [...]

(AKS) AK Steel Holding Corporation Adds Surcharge

(AKS) AK Steel Holding Corporation Analyst Assigns Neutral Rating

vitalstocks — Mon, 11 Jul 2011 15:52:13 +0000

We are maintaining our Neutral recommendation on AK Steel Holding Corporation (AKS). The company recorded first-quarter 2011 EPS of $0.08, beating the year-ago quarter’s $0.02 and striding ahead of the Zacks Consensus Estimate for a loss of a penny. AK Steel expects a strong increase in shipments in the second quarter over the first quarter. [...]

(AKS) AK Steel Holding Corporation Analyst Assigns Neutral Rating

(VALE) VALE S.A. Strengthens Logistics

vitalstocks — Thu, 07 Jul 2011 17:10:41 +0000

Vale S.A. (VALE) recently announced that the company’s new giant bulk carriers will be manufactured in China and South Korea as the domestic market is already working at full capacity. The company has booked 19 Valemaxes and already received delivery of one carrier. The Brazilian company intends to strengthen its Logistics Services business by reducing [...]

(VALE) VALE S.A. Strengthens Logistics

(AKS) AK Steel Electric Furnace Damaged

vitalstocks — Wed, 06 Jul 2011 21:23:43 +0000

West Chester, Ohio-based flat-rolled steelmaker, AK Steel Corporation (AKS) announced that its #5 electric arc furnace (EAF) at its Butler, Pennsylvania Works was damaged on July 1, 2011, when molten steel inside the furnace breached the furnace shell harming certain components. Steel production at Butler Works resumed the following day using other electric furnaces at [...]

(AKS) AK Steel Electric Furnace Damaged

(AKS) AK Steel Holding Adds Surcharge

vitalstocks — Tue, 05 Jul 2011 14:22:37 +0000

AK Steel Holding Corporation (AKS) added a surcharge of $455 per ton for a broad range of stainless steel products it produces. This surcharge will be reflected in the invoices of electrical steel products shipped in August 2011. The surcharge is calculated based on reported prices for raw materials and energy used to manufacture products [...]

(AKS) AK Steel Holding Adds Surcharge

(MTL) Mechel OAO 2011 First Quarter Earnings Soar

vitalstocks — Fri, 01 Jul 2011 16:59:10 +0000

Russian mining company Mechel OAO (MTL) recorded a net income of $309.1 million in first quarter 2011 comprehensively beating last year’s consolidated net income of $82.6 million, a jump of 274.3% year over year. Revenues in the first quarter 2011 soared 54.4% year over year to $2.9 billion based on the company’s relentless efforts to [...]

(MTL) Mechel OAO 2011 First Quarter Earnings Soar

(HSC) Harsco Corporation Wins Contracts From JSW Steel

vitalstocks — Sun, 26 Jun 2011 17:40:22 +0000

Harsco Corporation (HSC) has won two major new environmental solutions contracts from JSW Steel Ltd valued at $135 million. The tenure of the contract is 10 years. JSW Steel, a part of O.P. Jindal Group, is acknowledged as one of the largest steel makers in India and lowest cost steel producers in the world. Under [...]

(HSC) Harsco Corporation Wins Contracts From JSW Steel

(AKS) AK Steel Holding To Buy Raw Material

vitalstocks — Fri, 24 Jun 2011 15:56:55 +0000

With the gradual increase in the iron ore and coking coal prices due to increase in demand, AK Steel Holding Corporation (AKS) might consider obtaining raw material assets from outside. Acquiring pieces and parts of raw materials will help the company in lowering its costs. The profitability of the steel sector is closely tied to [...]

(AKS) AK Steel Holding To Buy Raw Material

(NUE) Nucor Analyst Maintains Neutral on Shares

vitalstocks — Thu, 23 Jun 2011 16:15:22 +0000

We maintain our neutral recommendation on Nucor Corporation (NUE) as the company’s focus has been on profitable growth through acquisitions over the past several years. Nucor plans to continue to seek attractive opportunities to acquire businesses, forge joint ventures and make other investments that are complementary to its existing strengths. Realizing the anticipated benefits of [...]

(NUE) Nucor Analyst Maintains Neutral on Shares

(SID) Rio Tinto to Buy Tata’s Riversdale Stake

vitalstocks — Thu, 23 Jun 2011 16:14:43 +0000

Recently, Rio Tinto plc (RIO) received a nod from the Indian Steel major Tata Steel to buy 26% stake in its coal mining company, Riversdale in an open offer of AUD 16.5 per share, or roughly $17.36 per share. The deal is valued at $1.1 billion. The deal is expected to give Rio Tinto full control [...]

(SID) Rio Tinto to Buy Tata’s Riversdale Stake

(SID) Companhia Siderurgica Nacional – ADR- Bear of the Day

vitalstocks — Thu, 23 Jun 2011 14:07:33 +0000

We believe Companhia Siderurgica Nacional, or CSN (SID) has rising manufacturing costs, high cyclicality and growing competition in the industry. These remain major growth impediments for the company. In the first quarter of 2011, the company posted EPADR of $0.25, which was well below the Zacks Consensus of $0.40. In the first quarter of 2011, [...]

(SID) Companhia Siderurgica Nacional – ADR- Bear of the Day

(VALE) Rio Tinto Plc Ups Stake in Ivanhoe

vitalstocks — Wed, 22 Jun 2011 21:12:51 +0000

Rio Tinto Plc. (RIO) announced that it is exercising remaining warrants of Ivanhoe Mines Ltd (Ivanhoe) to acquire 55.1 million shares for $502 million or $9.10 per share. Subsequent to the acquisition, the company will increase its holdings in Ivanhoe to 46.5%, up from 42%. Rio Tinto’s will also obtain the right to appoint an [...]

(VALE) Rio Tinto Plc Ups Stake in Ivanhoe

(STLD) Why Investors Shouldn’t Ignore the Steel Industry

InvestmentU — Wed, 22 Jun 2011 21:08:31 +0000

by Marc Lichtenfeld, Senior Analyst, Investment U Wednesday, June 22, 2011: Issue #1540 While most investors are focused on precious metals, I prefer to look for investment opportunities in markets less traveled. Sure, precious metals are still wildly popular – or not popular enough – depending on who you ask. And they’re always in the [...]

(STLD) Why Investors Shouldn’t Ignore the Steel Industry

(VALE) Vale S.A.’s Potash Project Suspended

vitalstocks — Mon, 20 Jun 2011 16:16:26 +0000

The Rio Colorado potash mine development project of Brazilian miner, Vale S.A. (VALE), has been suspended by the government of the Argentine province of Mendoza. The suspension, according to the Mendoza government authority, is solely due to Vale’s lack of compliance with the local labor law and insufficient information provided with respect to the investment [...]

(VALE) Vale S.A.’s Potash Project Suspended

(PKX) POSCO Analyst Maintains Neutral Rating on Shares

vitalstocks — Sun, 19 Jun 2011 17:30:05 +0000

We currently maintained our Neutral recommendation on South Korean steelmaker POSCO (PKX). POSCO is the world’s third largest steelmaker on the basis of output. The company primarily manufactures steel for the shipping and construction industries and operates through its two steel production facilities, the Pohang Works and the Gwangyang Works. POSCO is in a position [...]

(PKX) POSCO Analyst Maintains Neutral Rating on Shares

(MTL) Mechel OAO Halts Mine Operations

vitalstocks — Sun, 19 Jun 2011 17:29:17 +0000

Russian mining company, Mechel OAO (MTL) temporarily halted operations at its Sibirginskaya mine due to high gas levels in a mined-out area. Mining works at the site were halted and all miners returned to the surface. Luckily, no carbon monoxide was detected in the long wall 3-1-9′s active mine-working. The mine’s experts are working on [...]

(MTL) Mechel OAO Halts Mine Operations

(AKS) Heavy Metal Earnings Surge

vitalstocks — Fri, 17 Jun 2011 14:51:18 +0000

No less than five steel stocks currently carry the esteemed Zacks #1 Rank (strong buy) this week. And four of the five have been there for over a month. In the list below, the first three are classified as standard producers and occupy a Zacks Industry Rank of 163, near the bottom of the Neutral [...]

(AKS) Heavy Metal Earnings Surge

(PKX) POSCO Offers Korea First Synthetic Natural Gas Plant

vitalstocks — Thu, 16 Jun 2011 14:26:35 +0000

Korean steel producer POSCO (PKX) is on its way to giving Korea its first synthetic natural gas (SNG) plant by the end of year 2013. The company commenced construction of the plant on June 7 at Gwangyang Steelworks. POSCO E&C will be responsible for the construction of the SNG plant with an annual production capacity [...]

(PKX) POSCO Offers Korea First Synthetic Natural Gas Plant

(CLF) Cliffs Natural Resources Sells Unit

vitalstocks — Fri, 10 Jun 2011 17:18:10 +0000

Freewest Resources Canada Inc., a wholly owned subsidiary of Cliffs Natural Resources Inc. (CLF) entered into an agreement to sell its two mineral properties to Viking Gold Exploration Inc. (TSXV:VGC), subject to the approval of the TSX Venture Exchange and certain other closing conditions. As per the agreement, Viking Gold would purchase 70% interest in [...]

(CLF) Cliffs Natural Resources Sells Unit

(CLF) Cliffs Natural Resources Restarts Mining at Oak Grove

vitalstocks — Wed, 11 May 2011 03:36:43 +0000

Cliffs Natural Resources Inc. (CLF) announced that it has resumed underground mining at its Oak Grove coal mine in Alabama but was not able to ship coal from the site because of damage to the above-ground facilities. On April 27, 2011, severe weather and a tornado had snapped power and damaged the mine’s preparation plants, [...]

(CLF) Cliffs Natural Resources Restarts Mining at Oak Grove

(CLF) Cliffs Natural Resources Reports Excellent First Quarter

vitalstocks — Tue, 03 May 2011 18:47:39 +0000

Amidst seasonally slow quarter, Cliffs Natural Resources Inc. (CLF) posted record revenues and earnings in the first quarter of 2011. Net earnings of $423 million or $3.11 per share in the first quarter were 449%, above last year’s $77 million or 57 cents. Earnings surpassed the Zacks Consensus Estimate of $2.25 per share. Quarterly revenues [...]

(CLF) Cliffs Natural Resources Reports Excellent First Quarter

(AKS) AK Steel Holding Corporation Adds Surcharge

vitalstocks — Tue, 03 May 2011 18:29:17 +0000

AK Steel Holding Corporation (AKS) added a surcharge of $435 per ton to invoices for electrical steel products shipped in June 2011. The surcharge is calculated based on reported prices for raw materials and energy used to manufacture products coupled with the April 2011 purchase cost used to determine the June 2011 surcharges. Recently, AK [...]

(AKS) AK Steel Holding Corporation Adds Surcharge

(MT) ArcelorMittal to Acquire KazStroyServices

vitalstocks — Tue, 03 May 2011 18:24:47 +0000

Steel giant, ArcelorMittal (MT) is close to buying KazStroyServices Ltd, a Kazakhastan-based engineering, procurement and construction (EPC) company. The company has presence in Kazakhstan, India, Turkmenistan and West Asia and primarily builds oil and gas pipelines and refineries. ArcelorMittal is buying the company in its personal capacity. KSS owns 52.47% stake in India’s Petron Engineering [...]

(MT) ArcelorMittal to Acquire KazStroyServices

(AKS) Stock Market News for April 20, 2011 – Market News

vitalstocks — Wed, 20 Apr 2011 21:36:53 +0000

On Tuesday, markets ended with modest gains as an earnings-driven trading day witnessed positive results and sentiments were boosted by strong results from bellwether stocks. Earnings reports of healthcare stocks helped push the markets higher aided by steel stocks. Tech majors such as IBM and Intel also posted encouraging results surpassing estimates. Encouraging data reflecting [...]

(AKS) Stock Market News for April 20, 2011 – Market News

(CLF) Cliffs Natural Resources Settles Dispute with ArcelorMittal

vitalstocks — Wed, 13 Apr 2011 16:38:26 +0000

North America’s largest iron-ore producer,Cliffs Natural Resources Inc. (CLF), reached an agreement with steel giant ArcelorMittal (MT) to settle disputes over price reopener entitlements for 2009 and 2010 and pellet. Cliffs will get a payment of around $250 million to $270 million after reaching an agreement with ArcelorMittal. In addition, as part of the settlement, [...]

(CLF) Cliffs Natural Resources Settles Dispute with ArcelorMittal

(MT) Steel Industry Outlook – March 2011 – Industry Outlook

vitalstocks — Thu, 24 Mar 2011 14:05:31 +0000

The global Steel industry is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. ArcelorMittal (MT) is the world’s largest steel company, with projected crude steel production of 90.6 million tons in 2011. Steel products can be classified into four broad categories: flat steel products, long steel products, scrap [...]

(MT) Steel Industry Outlook – March 2011 – Industry Outlook

(CLF) Stock Market News for March 18, 2011 – Market News

vitalstocks — Fri, 18 Mar 2011 19:24:51 +0000

Upbeat economic data helped offset fears of Japan’s nuclear meltdown and pushed indices higher ending a three-day losing streak for US markets. The day after the Dow recorded its largest decline since August 2010, the Dow Jones Industrial Average gained 1.39% to end at 11,774.51. The S&P 500 was up 1.34%, or 16.81 points, to [...]

(CLF) Stock Market News for March 18, 2011 – Market News

(GGB) Gerdau S.A. – ADR – Bear of the Day

vitalstocks — Fri, 11 Mar 2011 14:36:56 +0000

Gerdau S.A. (GGB) is one of the leading low-cost steel producing companies. Despite this, there were negative sentiments for Gerdau as the company posted weak fourth quarter results, having been hurt primarily by higher raw material costs. Moreover, foreign currency fluctuation, cyclicality of the industry and stiff competition pose threats for the company. Anticipating a [...]

(GGB) Gerdau S.A. – ADR – Bear of the Day

(CLF) Stock Market News for February 18, 2011 – Market News

vitalstocks — Sun, 20 Feb 2011 20:30:42 +0000

Markets touched new multi year highs to end in the green after investors used lackluster economic reports as an opportunity to buy into market leaders. On a sectoral basis, share prices of energy companies rose for the second consecutive day amid fresh tensions surrounding the Suez and protests in another oil rich country Bahrain. On [...]

(CLF) Stock Market News for February 18, 2011 – Market News

(AKS) Stock Market News for December 29, 2010 – Market News

vitalstocks — Wed, 29 Dec 2010 23:52:43 +0000

After-effects from the blizzard which had hit the northeast continued as trading volumes remained thin for the second consecutive day and markets closed mixed on Tuesday. Oil prices and energy stocks, nonetheless, moved up primarily due to the blizzard. The Dow Jones Industrial Average was up 0.18% and closed at 11,575. The S&P 500 rose [...]

(AKS) Stock Market News for December 29, 2010 – Market News

(PKX) POSCO Signs To Explore for Oil in Uzbekistan

vitalstocks — Fri, 26 Nov 2010 04:40:50 +0000

Korean steel producer, POSCO (PKX) signed agreements with the State-run National Oil Corporation and Samchully for the exploration of two oil fields in Uzbekistan. The fields covering 6,170 km2 are located offshore in the Northeastern region of Uzbekistan. The oil block exploration project related to the fields in West Ferghana/Chinabad was initiated in February 2010, [...]

(PKX) POSCO Signs To Explore for Oil in Uzbekistan

(AKS) Company News for November 9, 2010 – Corporate Summary

vitalstocks — Wed, 10 Nov 2010 07:01:27 +0000

• Chevron (NYSE:CVX) announced plans to buy Atlas Energy (NASDAQ:ATLS) for $4.3 billion, or $43.35 per share • Bank of America (NYSE:BAC) and PNC (NYSE:PNC) sold $8.3 billion of BlackRock (NYSE:BLK) shares in a secondary offering priced at $163 per share, a 3.6% discount to BlackRock’s close • Tyco International (NYSE:TYC) reported earnings of $0.74 that beat estimates [...]

(AKS) Company News for November 9, 2010 – Corporate Summary

(VALE) Vale S.A. Quarterly Earnings Scorecard Shows Excellent

vitalstocks — Sun, 07 Nov 2010 20:20:40 +0000

Following the excellent third quarter earnings announcement on October 27, analysts following Vale S.A. (VALE) also remain optimistic. An increase in the capital budget for fiscal 2011, justifies management’s view towards the company. Third Quarter Summary Vale has reported a stellar performance with an EPADS of $1.13, a huge leap from $0.31 in the year-ago [...]

(VALE) Vale S.A. Quarterly Earnings Scorecard Shows Excellent

(MT) Steel Industry Outlook – November 2010 – Industry Outlook

vitalstocks — Sat, 30 Oct 2010 18:16:27 +0000

The U.S. houses one of the world’s largest steel industries. It is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. ArcelorMittal (MT) is the world’s largest steel company, with crude steel production of 73.2 million tons in 2009, representing about 6% of the global steel output. Steel products [...]

(MT) Steel Industry Outlook – November 2010 – Industry Outlook

(RTP) Rio Tinto PLC – Reports Record First Half Earnings

vitalstocks — Tue, 05 Oct 2010 15:28:53 +0000

Rio-Tinto PLC (RTP) is cashing in on surging commodities to report record earnings. RTP trades at just 8.6x forward earnings. Rio Tinto is one of the world’s mining giants. Headquartered in Britain, it has mines throughout the world with a heavy concentration in Australia and North America. Its products include aluminum, copper, diamonds, energy, gold, [...]

(RTP) Rio Tinto PLC – Reports Record First Half Earnings

(RTP) Rio Tinto’s BHP Billion Joint Venture Delayed

vitalstocks — Sat, 02 Oct 2010 21:50:00 +0000

According to The Wall Street Journal, Rio Tinto’s (RTP) much-awaited $116 billion joint venture with BHP Billiton Ltd. (BHP) to produce iron ore in Australia is expected to be postponed. The joint venture is hanging on the approval of the Australian regulators, which was earlier expected to give its approval by the second half of [...]

(RTP) Rio Tinto’s BHP Billion Joint Venture Delayed

(MT) Metals and Mining Review – September 2010 – Industry Outlook

vitalstocks — Wed, 01 Sep 2010 16:28:12 +0000

Overview The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for the lion’s share of the output. The largest segment of the global [...]

(MT) Metals and Mining Review – September 2010 – Industry Outlook

(VALE) Vale S.A. Analyst Reiterates Neutral Stock Rating

vitalstocks — Fri, 27 Aug 2010 17:42:20 +0000

We reiterate our Neutral recommendation on Vale S.A. (VALE). We are optimistic on the new iron-ore pricing system, the prime reason behind the excellent results during the second quarter of fiscal 2010 with EPADR of 70 cents surging ahead of 15 cents posted in the year-ago quarter. Net operating revenues of $9,658.0 million also almost [...]

(VALE) Vale S.A. Analyst Reiterates Neutral Stock Rating

(MT) Steel Industry Review and Outlook – Industry Outlook

vitalstocks — Wed, 30 Jun 2010 00:29:12 +0000

The U.S. houses one of the world’s largest steel industries. It is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. If we add companies engaged in the extraction of iron ore and coking coal for the processing of iron and steel, this industry includes metal ore exploration and [...]

(MT) Steel Industry Review and Outlook – Industry Outlook

(CLF) Cliffs Natural Resources Eyes Aquisition of Canadian Entity

vitalstocks — Tue, 25 May 2010 23:03:49 +0000

International mining and natural resources company Cliffs Natural Resources Inc. (CLF) has proposed to acquire either of two junior mineral exploration Canadian companies, KWG Resources Inc. and Spider Resources Inc. The takeover bids have substantially similar financial terms. Cliffs intends to offer a price of 12 cents (13 Canadian cents) in cash per share to [...]

(CLF) Cliffs Natural Resources Eyes Aquisition of Canadian Entity

(MTL) Mechel OAO Gets B1 Rating by Moody’s Investors Service

vitalstocks — Tue, 25 May 2010 15:18:44 +0000

Shares of Russian metals and mining company, Mechel OAO (MTL) slipped 5.78% or $1.22 per share to close at $19.90 on Monday after being assigned a “B1″ corporate credit rating by Moody’s Investors Service, a unit of Moody’s Corp.(MCO). Credit rating agency, Moody’s judges obligations rated B as speculative and subject to high credit risk and [...]

(MTL) Mechel OAO Gets B1 Rating by Moody’s Investors Service

(VALE) Vale S.A. Reports Earnings Short of Consensus

vitalstocks — Mon, 10 May 2010 15:12:28 +0000

Vale S.A.’s (VALE) first quarter EPADR for the fiscal year 2010 was 30 cents, an increase from 26 cents in the year-ago quarter. However, it missed the Zacks Consensus Estimate of 33 cents. Net earnings reached $1,604 million, up 17.7% from $1,363 million in the corresponding quarter of 2009 based on an increase in net operating [...]

(VALE) Vale S.A. Reports Earnings Short of Consensus

(AKS) AK Steel Corporation Matches Consensus Estimates

vitalstocks — Wed, 21 Apr 2010 21:11:26 +0000

AK Steel Corp. (AKS) reported first-quarter 2010 results. The company swung to a net income of $1.9 million from a net loss of $73.4 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 25 cents, which matched the Zacks Consensus Estimate, derived from 14 covering analysts. Revenues during the [...]

(AKS) AK Steel Corporation Matches Consensus Estimates

(CLF) Cliffs Natural Resources – Bull of the Day

vitalstocks — Thu, 08 Apr 2010 14:56:10 +0000

Cliffs Natural Resources Inc. (CLF) is the largest producer of iron ore pellets in the U.S. Cliffs’ increasing international iron ore exposure, recovery in its coal business and longer-term diversification into the chromium business are huge positives for the stock. The company focuses on growing its international exposure in the face of a consistent decline [...]

(CLF) Cliffs Natural Resources – Bull of the Day

(RTP) Rio Tinto – Earnings Fell 46% Per ADR

vitalstocks — Thu, 08 Apr 2010 00:11:09 +0000

Recently, Rio Tinto (RTP) announced full-year 2009 results. Net earnings during the period were $4,872 million, 33% up from $3,676 million reported in 2008. The increase was due to the huge amount of net impairment charges deducted in 2008. Earnings per ADR of $3.01 in 2009 were up from $2.86 in the previous year. Underlying [...]

(RTP) Rio Tinto – Earnings Fell 46% Per ADR

(SID) Growing World Economy Sees Cement Battle

InvestmentU — Tue, 30 Mar 2010 14:29:13 +0000

At least for now, Brazilian steelmaker CSN ADR (NYSE: SID) has failed in its attempt to diversify. Late last year, it launched a hostile bid for Portugal’s national cement company, Cimpor ADR (PINK: CDPGY). And for good reason too. Put simply, Cimpor is a jewel. It has operations in 20 countries Incorporatedluding promising stars like [...]

(SID) Growing World Economy Sees Cement Battle

(GGB) Gerdau S.A. Relies on Industrials

vitalstocks — Mon, 29 Mar 2010 17:50:03 +0000

Recently, Gerdau S.A. (GGB) posted results for the fourth quarter and 2009. Gerdau recorded a net income of R$643.5 million (US$367.7 million) in the quarter compared to R$655.1 million (US$348.5 million) in the previous quarter. EPS was R$0.45 or 26 cents compared to R$0.46 or 24 cents in the previous quarter. Reported EPADR surpassed the [...]

(GGB) Gerdau S.A. Relies on Industrials