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Nucor ( NUE -0.7% ) has notified customers that it will raise its sheet prices by $40/st, marking the first formal price increase since Q1, Platts reports. More news on: Nucor Corporation, VanEck Vectors Steel ETF, United States Steel Corporation, Commodities news, News on ETFs, ...
U.S. Steel (NYSE: X ) -2.1% pre-market as Deutsche Bank downgrades shares to Hold from Buy with a $35 price target, cut from $47, saying its outlook for the industry is moderating as peak pricing for steels has played out. More news on: United States Steel Corporation, Reliance Steel &...
NEW YORK, Sept. 28, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Gerdau S.A. (NYSE:GGB), Chesapeake Utilities Corporation (NYSE:CPK), For...
AK Steel ( AKS +0.4% ) edges higher after BofA Merrill Lynch issues a two-notch upgrade to Buy from Underperform with a $6 price target, raised from $5, as the firm says it is now modeling 2019 spot benchmark hot rolled coil at $750/short ton vs. $700/short ton previously. More news on...
You can say whatever you want about tariffs and the pros and cons on both sides of the argument, but with respect to the metals and mining companies, keep your 'pros' to yourself. The group has been stuck in a downtrend ever since the topic of tariffs first came up, and it's now basically in f...
Reliance Steel & Aluminum (NYSE: RS ) has acquired all of the issued and outstanding equity ownership interests of KMS Fab and KMS South. Terms of the transaction were not disclosed. More news on: Reliance Steel & Aluminum Co., Read more ...
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- Net sales of $3.64 billion with tons sold up 4.0% from Q1 2024 - Gross profit margin of 29.8% - EPS of $4.67, non-GAAP EPS of $4.65 - Cash flow from operations of $366.3 million - $519.3 million of share repurchases in Q2 and $165.4 million ...
SCOTTSDALE, Ariz., July 15, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that it has reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation (“FerrouSouth”), a premier toll processing operation headquartered in Iuka, Missis...
SCOTTSDALE, Ariz., July 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report second quarter 2024 financial results for the period ended June 30, 2024, on Thursday, July 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that s...