All Posts Tagged With: "MT"

(WLT) Walter Energy Posts Narrower-than Expected Loss

Metallurgical coal producer Walter Energy Inc.’s (WLT) operating loss per share in the first quarter of 2013 was 64 cents, much narrower than the Zacks Consensus Estimate of a loss of 88 cents. In the year-ago quarter the company...

15May2013 | | Comments Off | Continued

(MTL) Mechel OAO Inks Deal with Baosteel

Russian miner Mechel OAO (MTL) has signed a memorandum of understanding with Baosteel Resources Int. Co. wherein Mechel’s subsidiary – Mechel Carbon Singapore – will supply the latter with up to 960,000 tons of coking coal annually. The...

3May2013 | | Comments Off | Continued

(AKS) AK Steel Holding Survives Infringement Scare

AK Steel Holding Corporation (AKS) announced that the United States Court of Appeals for the Federal Circuit denied ArcelorMittal‘s (MT) petition to reassess its...

18Apr2013 | | Comments Off | Continued

(MT) ArcelorMittal Completes 11.05% Stake Sale

Steel giant ArcelorMittal (MT) has announced that it has completed the first installment of its stake sale in ArcelorMittal Mines Canada. The sale was a part of the previously announced agreement, pursuant to which ArcelorMittal`s wholly-owned...

4Apr2013 | | Comments Off | Continued

(CAT) Caterpillar to Cut Jobs in Milwaukee

Caterpillar Inc. (CAT) is reportedly laying off around 300 workers or 40% of its South Milwaukee production work force by June citing lower sales as the reason. The company stated that various company locations are facing short-term...

4Apr2013 | | Comments Off | Continued

(VALE) Steel Industry Stock Outlook – March 2013 – Zacks Analyst Interviews

About the Steel Industry Given the unique combination of strength, formability and versatility in steel; it is deployed across various industries including construction, transport, electrical appliances, food packaging and others. Steel products are classified into four broad...

9Mar2013 | | Comments Off | Continued

(CAT) Caterpillar to Cut Jobs in Belgium

Caterpillar Inc. (CAT) is contemplating to cut 1,400 jobs at its Belgium plant due to high costs and weak European economy. The plant, located near Charleroi in Belgium, is one of Caterpillar’s largest facilities in Europe....

3Mar2013 | | Comments Off | Continued

(MT) ArcelorMittal – Bear of the Day

We are retaining our Underperform recommendation on ArcelorMittal (MT) following its dismal third-quarter 2012 results. It turned to a loss in the quarter, hurt by weak economic conditions and lower steel pricing. Both revenues and...

10Dec2012 | | Comments Off | Continued

(BTU) Coal Industry Stock Review – December 2012 – Industry Outlook

Coal is burned as fuel or gasified to create a synthetic gas (syngas) that can then be used as feedstock for the production of chemicals, fertilizer and electric power. Coal is also used for producing heat through combustion. The U.S., Russia, Australia, China, India and South Africa have the...

4Dec2012 | | Comments Off | Continued

(GM) Steel Industry Stock Outlook – November 2012 – Zacks Analyst Interviews

Steel industry in today’s world can well be termed as the backbone of the economy, given its varied usage, be it in construction, transport, electrical appliances, food packaging, etc. In terms of its composition, steel is an alloy of iron and carbon containing less than 2% carbon and 1% manganese...

30Nov2012 | | Comments Off | Continued

(MT) ArcelorMittal Remains Underperform

We are maintaining our Underperform recommendation on ArcelorMittal (MT) following  its second-quarter 2012 results. The company’s adjusted earnings of 64 cents per share comprehensively beat the Zacks Consensus Estimate of...

28Aug2012 | | Comments Off | Continued

(MT) ArcelorMittal – Bear of the Day

We are maintaining our Underperform recommendation on ArcelorMittal (MT) following our assessment of its second-quarter 2012 results. Earnings beat the Zacks Consensus Estimate while revenues fell year over year and missed the forecast....

28Aug2012 | | Comments Off | Continued

(ACI) Coal Industry Stock Review – August 2012 – Industry Outlook

Coal has been used for nearly as long as mankind has thrived. From the times of the cavemen to the present day, coal is used for everything from cooking to heating to running steam-powered trains to generating electricity. Today, coal is burned as fuel or gasified to create a synthetic gas...

4Aug2012 | | Comments Off | Continued

(GM) Steel Industry Stock Outlook – July 2012 – Industry Outlook

About the Industry The steel industry can well be termed the backbone of modern society, considering steel’s varied uses — be it in construction, transport, electrical appliances, food packaging, etc. In terms of its composition, steel is an alloy of iron and carbon...

25Jul2012 | | Comments Off | Continued

(MT) Metals & Mining Stock Outlook – June 2012 – Industry Outlook

The Metals & Mining industry encompasses the extraction (mining) as well as primary and secondary processing of metals and minerals. These include aluminum and gold, other precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for a lion’s...

24Jun2012 | | Comments Off | Continued

(X) United States Steel Corporation Beats First Quarter Earnings

United States Steel Corporation (X) came out with positive results in the first quarter of 2012, posting adjusted earnings of 67 cents per share and beating the Zacks Consensus Estimate of 49 cents. However, net loss (as reported)...

10May2012 | | Comments Off | Continued

(X) United States Steel Corporation Beats in First Quarter

United States Steel Corporation (X) came out with positive results in the first quarter of 2012, posting adjusted earnings of 67 cents per share and beating the Zacks Consensus Estimate of 49 cents. However, net loss (as reported)...

1May2012 | | Comments Off | Continued

(ACI) Coal Industry Stock Review – April 2012 – Industry Outlook

Coal has been used for nearly as long as mankind has thrived. From the times of the cavemen to present day, coal is used for everything from cooking to heating to running steam-powered trains to generating electricity. Today, coal is burned as fuel or gasified to create a synthesis gas (syngas)...

24Apr2012 | | Comments Off | Continued

(GM) Steel Industry Stock Outlook – March 2012 – Industry Outlook

About the Industry The steel industry can well be termed the backbone of modern society considering steel’s varied uses, be it in construction, transport, electrical appliances, food packaging and the like. In terms of its composition, steel is an alloy of iron and carbon...

29Mar2012 | | Comments Off | Continued

(MT) Metals & Mining Stock Outlook – March 2012 – Industry Outlook

About the Industry 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...

16Mar2012 | | Comments Off | Continued

(XLF) Stock Market News for February 7, 2012 – Market News

After the European leaders urged Greece to adhere to new austerity measures in order to receive the next installment of its bailout package, debt woes returned to the forefront and US markets dropped a few points. Even though markets receded from t multi-year highs, benchmarks recouped most of their...

7Feb2012 | | 0 comments | Continued

(GM) Steel Industry Stock Outlook – November 2011 – Industry Outlook

Overview The World Steel industry is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. Steel products are classified into four broad categories: flat steel products, long steel products, scrap and semi-finished products....

29Nov2011 | | 0 comments | Continued

(GM) Metals and Mining Stock Outlook – November 2011 – Industry Outlook

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...

11Nov2011 | | 0 comments | Continued

(ADSK) Company News for August 31, 2011 – Corporate Summary

•    DSW Inc. (NYSE:DSW) posted Q2 EPS of $0.74, surpassing the Zacks Consensus Estimate of $0.61 per share. Revenues for the quarter rose 14.7% to $476.3 million •    Barnes and Noble (NYSE:BKS)...

31Aug2011 | | 0 comments | Continued

(BA) Company News for July 28, 2011 – Corporate Summary

•    Boeing (NYSE:BA) reported Q2 EPS of $1.25, beating the Zacks Consensus Estimate of $0.97 per share. Revenues for the quarter rose 6.2% year-over-year to $ 16.5 billion •    Thermo Fisher (NYSE:TMO)...

28Jul2011 | | 0 comments | Continued

(MTL) Mechel OAO 2011 First Quarter Earnings Soar

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...

1Jul2011 | | 0 comments | Continued

(GM) Metals & Mining Stock Outlook – July 2011 – Industry Outlook

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...

1Jul2011 | | 0 comments | Continued

(SUN) Sunoco Analyst Maintains Underperform on Shares

We have maintained our Underperform recommendation on oil refiner and marketer Sunoco Inc (SUN). Lately, investors have been selling the stock for its weak fundamentals and tepid outlook. The disappointing first quarter results have...

29Jun2011 | | 0 comments | Continued

(GM) Steel Stock Review & Outlook – June 2011 – Industry Outlook

The World Steel industry is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. Steel products are classified into four broad categories: flat steel products, long steel products, scrap and semi-finished products. Flat products include plates,...

28Jun2011 | | 0 comments | Continued

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

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...

22Jun2011 | | 0 comments | Continued