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South Korean steelmaker POSCO ( PKX -0.9% ) says at least five employees were injured in an explosion at its plant in Gwangyang. More news on: POSCO, Commodities news, Read more ...
South Korea’s POSCO ( PKX ) has perked up some in recent months, following an overall upward trend in many steel names that seems underpinned by the assumption that the worst is past for the steel industry. I have written previously that I find that viewpoint somewhat optimistic, as I...
Yesterday’s rally justified; stocks finding bottom Primary metal shares rallied 2.66% yesterday, outperforming the KOSPI by 1.64%p. Major Asian steelmakers fared especially well: POSCO ( PKX ) advanced 3.63%, Hyundai Steel ( HYNSY ) climbed 3.69% and Donkuk Steel (001230.KS, BUY) rose...
Steel: Neutral; top picks POSCO ( PKX ), Hyundai Steel, Korea Zinc We do not expect investor sentiment to improve dramatically as global demand remains in the low-growth phase and steel prices are expected to decline due to raw material price weakness. However, we believe the supply-dema...
This article is focused on POSCO ( PKX ) based on its PCT patent activity combined with a technical analysis. PCT (Patent Cooperation Treaty) patent applications are administered by the World Intellectual Property Office (WIPO). Note: Please see my previous articles in order to understand th...
Data from Value Line, Calculations by me Remember when I used to do posts like these? The last full time was May 2014 . I lost access to the data, and eventually I gave up. Recently, I got access to the data back, and I rebuilt the model. I'll do a post like this every now and then. M...
An ever-present challenge for commodity company management teams is that there’s only just so much they can control – ultimately end-market demand and pricing, not to mention substantial percentages of their input cost, are beyond the influence. I believe that’s relevant i...
Like most carbon steel manufacturers, I believe there's a good chance that POSCO's ( PKX ) EBITDA/tonne will bottom in the near future, quite possibly in the third or fourth quarter of 2019, but I also see relatively limited prospects for a sharp near-term turnaround. While key inputs like coa...
Investment highlights Our Overweight rating on the steel sector remains unchanged. We reiterate Buy on POSCO ( PKX ) and keep the company as our steel sector top pick. Our investment points include the rebound of China’s steel prices on strong seasonality, iron ore prices that have be...
Iron ore spot and Chinese dealer steel prices correcting, but further downside limited While expectations for large-scale steel price hikes are dissipating, we maintain Overweight on the sector as steel shares are trading at the lowest end of the historical P/B, and 3Q19 earnings results sho...
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2024-07-13 19:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-23 22:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
A look at the top 10 most actives in the United States NVIDIA Corporation (NVDA) fell 3.2% to $126.57 on volume of 604,432,871 shares American Rebel Holdings Inc. (AREB) rose 152.5% to $0.76 on volume of 367,740,589 shares Sirius XM Holdings Inc. (SIRI) rose 1.0% to $2.93 on volume of 329...