NEW YORK, July 21, 2017 /PRNewswire/ --
If you want a Stock Review on AKS, GGB, MT, or STLD then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Pre-market this morning, DailyStockTracker.com has issued research reports on four Steel and Iron companies, namely: AK Steel Holding Corp. (NYSE: AKS), Gerdau S.A. (NYSE: GGB), ArcelorMittal (NYSE: MT), and Steel Dynamics Inc. (NASDAQ: STLD). According to Severstal chief executive, Alexandr Shevelev, the Russian company anticipates growth in global steel demand in 2017, supported by China's commitment to close inefficient steel and mining facilities, and stimulate domestic economic growth. Daily Stock Tracker provides great insights on these stocks in its free research reports at: http://dailystocktracker.com/register/
AK Steel
West Chester, Ohio headquartered AK Steel Holding Corp.'s shares saw a drop of 2.12%, finishing Thursday's trading session at $6.46. A total volume of 14.06 million shares was traded. In the last month, the stock has advanced 3.69%. The Company's shares are trading above their 50-day moving average by 5.28%. Moreover, shares of AK Steel, which through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the US and internationally, have a Relative Strength Index (RSI) of 54.41.
On July 03rd, 2017, AK Steel announced that it has signed an agreement to acquire Precision Partners Holding Company, a leading North American automotive market company that provides engineering, tooling, die design, and hot and cold stamped steel parts, for $360 million in cash. The latter is headquartered in Ontario, and employs more than 1,000 employees, including about 300 engineers and skilled, tool makers, across eight plants in Ontario, Alabama, and Kentucky. Free research report on AKS is available at: http://dailystocktracker.com/registration/?symbol=AKS
Gerdau
On Thursday, shares in Porto Alegre, Brazil-based Gerdau S.A. recorded a trading volume of 5.03 million shares, and ended the session 1.72% lower at $3.42. The stock has gained 29.06% in the last one month, 14.38% over the previous three months, and 8.92% on an YTD basis. The Company's shares are trading 14.02% above their 50-day moving average. Furthermore, shares of Gerdau, which provides steel-related products and services worldwide, have an RSI of 68.95. The complimentary research report on GGB can be downloaded at: http://dailystocktracker.com/registration/?symbol=GGB
ArcelorMittal
Shares in Luxembourg headquartered ArcelorMittal closed at $25.67, down 1.65% from the last trading session. The stock recorded a trading volume of 9.58 million shares, which was above its three months average volume of 7.68 million shares. The Company's shares have gained 29.12% in the last one month, 13.03% over the previous three months, and 17.21% since the start of this year. The stock is trading 14.84% and 11.29% above its 50-day and 200-day moving averages, respectively. Additionally, shares of ArcelorMittal, which together with its subsidiaries, owns and operates steel manufacturing and mining facilities, have an RSI of 72.80.
On June 27th, 2017, ArcelorMittal has filed its 2016 report on Payments to Governments in respect of Extractive Activities, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2016 to governments regarding its mining operations. The report, which complies with new, reporting requirements under Luxembourg law, is available under the "Investors" section of the Company's website.
On July 14th, 2017, research firm ING Group upgraded the Company's stock rating from 'Hold' to 'Buy'. Visit DailyStockTracker.com today and access our complete research report on MT at: http://dailystocktracker.com/registration/?symbol=MT
Steel Dynamics
Fort Wayne, Indiana headquartered Steel Dynamics Inc.'s stock ended 0.53% higher at $37.69. A total volume of 4.47 million shares was traded, which was above their three months average volume of 3.28 million shares. The Company's shares have advanced 14.52% in the last one month, 7.96% over the previous three months, and 5.93% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.17% and 10.66%, respectively. Furthermore, shares of Steel Dynamics, which together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the US and internationally, have an RSI of 67.21.
On July 19th, 2017, Steel Dynamics announced Q2 2017 financial results. The Company reported Q2 2017 net income of $154 million, or $0.63 per diluted share, with net sales of $2.4 billion. During the first half of the year, the Company generated strong cash flow from operations of $321 million and maintained liquidity of $2.1 billion at June 30th, 2017. The Company also repurchased $138 million of its common stock during H1 2017. Get free access to your research report on STLD at: http://dailystocktracker.com/registration/?symbol=STLD
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