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This Quarter's Sentiment:
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SocialPicks Community
Steel is no place to be
MT
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+2.01%
in
33 days
1. Too many US houses, commercial buildings, shopping centers. 2. Roads today are excellent compared to 1980 (for instance). 3. Cars for Clunkers will end up being a high point. 4. Chinese steel will come looking for export business; governments have a hard time preventing private businessmen from getting their hands on cheap imported steel, regardless of homegrown dumping complaints. It's like our pathetic efforts to stop drugs from crossing the Mex border-- a big waste of money to little effect. 5. Highly leveraged, so zero shots in steel are the norm. 6. Capex spend during th...
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Firesale at the Royal palace
MT
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+62.19%
in
312 days
A share of an empire at firesale prices. A company with very strong fundamentals, and run in a traditional family business mode with all the trappings of a corporate juggernaut. Grab by the fistful ! This one is for the reaaaally long term Buy & Hold ....a gift for the kids. Love -- Papa
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MT Enhancing Distribution in Middle East
MT
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-59.90%
in
509 days
Today, Arceclor Mittal, a company with more than 300,000 employees in 60 countries announced plans to enhance its distribution in the Middle East. http://www.marketwatch.com/news/story/mondays-biggest-gaining... A Market Watch report stated that "ArcelorMittal, (MT) the world's largest steelmaker, said it would buy 60% of a new Dubai company, which in turn plans to acquire the main business of a steel distributor in the United Arab Emirates, Dubai Steel Trading Co."
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Mittal Steel Company NV N Y Registry
MT
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-62.73%
in
519 days
Analysts' Recommendation: | Strong Buy | | 30 Days Ago: | Strong Buy | | | Analysts' Target: | $121 | <> <> | Analysts' Targets | | Deutsche Bank Securities | $130 | >>...
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Bullish on MT ...
MT
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-63.38%
in
533 days
This company has been doing well and the prices on steel have been going up. There was also a news of a blocked merger between rio tinto and bht is made investers go into (MT) Good buy.
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From the Blogosphere
After-Hours Movers 11/17: LDK, VVUS Higher; ADSK, BWS, CNQR, TEN, EMS, DRYS Lower
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LDK Solar Co., Ltd. (NYSE: LDK) <font>12.1% HIGHER;</font> has entered into an agreement to sell a 15% ownership stake in its 15,000 metric ton (MT) annualized capacity polysilicon plant in Xinyu City, China. Jiangxi International Trust and Investment Co., Ltd. has agreed to purchase this interest for approximately RMB1.5 billion (equivalent to approximately US$219 million). Autodesk, Inc. (NASDAQ: ADSK) <font>10.4% LOWER;</font> reports Q3 EPS of $0.27, 4 cents better than the analyst estimate of $0.23. Revenue for the quarter was $417 million, which compares to the estimate of $415.33 mil...
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Zacks Industry Outlook Highlights: ArcelorMittal, Steel Dynamics Inc., AK Steel Holding Corporation, United States Steel Corporation and Nucor Corporation – Press Releases
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For Immediate Release Chicago, IL – November 13, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Steel Industry, including ArcelorMittal (MT), Steel Dynamics Inc. (STLD), AK Steel Holding Corporation (AKS), United States Steel Corporation (X) and Nucor Corporation (NUE). A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/27253/Steel+Industry.<>ArcelorMittal (MT) is the world’s largest steel company with steel production of 103.3 million tons in 2008. Other major play<>><>><>><>><>><>><>><>>><>><>><><>>><><>>><><>>><><>>><><>>><><>>><>><>< />< />< />< /><>>><>><>><>>< /><><>< />><>< />><>< />>>< />...
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ArcelorMittal Increases Stake – Analyst Blog
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The leading steel maker, ArcelorMittal (MT) announced that it has agreed to acquire a 13.881% stake in ArcelorMittal Ostrava, a.s. from a subsidiary of PPF GROUP N.V., for approximately $404.3 million.
The company said that this investment is consistent with ArcelorMittal’s commitment to be one of the largest foreign investors in Czech Republic. This deal increases ArcelorMittal’s stake in ArcelorMittal Ostrava, a.s. to approximately 96.4%. The final payment for the transaction is expected to be made in 2010.
The steel maker which recently posted its third quarter results said that it...
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Steel Industry – Industry Outlook
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<u>
Steel Output Mounting</u>
The Steel industry, which consists of companies engaged in the extraction of iron ore and coke coal for the processing of iron and steel, has the major chunk of sales concentrated with a few producers. The industry includes metal ore exploration and mining services, iron and steel foundries for smelting, rolling, forging, spinning, recycling, stamping, polishing and plating of iron and steel products such as pipes, tubes, wire, spring, rolls and bars.
The largest drivers of steel consumption have historically been the automotive and construction markets, which ma...
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Arcelor Beats Zacks Consensus – Analyst Blog
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Recently, Arcelor Mittal (MT) reported encouraging results for the third quarter of 2009. The company recorded a net income of $0.9 billion, or $0.60 per share, as compared with a net loss of $0.8 billion, or $(0.57) per share, for the three months ended June 30, 2009, and net income of $3.8 billion or $2.79 per share, for the three months ended September 30, 2008. Net earnings of $0.06 were above the Zacks Consensus Estimate of $(0.07).
Sales were $16.2 billion, higher as compared with $15.2 billion in the previous quarter and down sharply from $35.2 billion in the same period of 2008. D...
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Which sector will do best in 2008?
- The economy is going through difficult times. With the dollar weakening, Oil prices and Inflation skyrocketing which sector do you think is the best to
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