NEW YORK, Feb. 09, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on AKS, MT, SID, and GGB which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com shifts focus on the Steel and Iron space, which is a basis for the development of a number of industries in the global economy: Defense; Transportation and Heavy Engineering; and Energy and Construction (including Aeronautical and Shipping Construction). Stocks in this morning's lineup are: AK Steel Holding Corp. (NYSE: AKS), ArcelorMittal (NYSE: MT), Companhia Siderurgica Nacional (NYSE: SID), and Gerdau S.A. (NYSE: GGB). All you have to do is sign up today for this free limited time offer by clicking the link below.
AK Steel Holding
On Thursday, shares in West Chester, Ohio headquartered AK Steel Holding Corp. recorded a trading volume of 21.23 million shares, which was higher than their three months average volume of 17.76 million shares. The stock ended the day at $4.56, declining slightly by 0.87% from the last trading session. The Company's shares have advanced 7.29% in the previous three months. The stock is trading below its 50-day moving average by 19.36%. Furthermore, 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 27.77.
On January 19th, 2018, AK Steel said that its Board of Directors has approved the executive promotion of Christopher J. Ross, currently Treasurer, to Vice President and Treasurer, effective immediately. In his new role, Mr. Ross will oversee the Company's Treasury, Investor Relations, Credit, and Corporate Finance functions.
On January 31st, 2018, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Underperform'. Get the full research report on AKS for free by clicking below at:
Luxembourg headquartered ArcelorMittal's stock saw a drop of 4.35%, finishing yesterday's session at $32.10. A total volume of 3.98 million shares was traded, which was above their three months average volume of 3.52 million shares. The Company's shares have gained 9.63% over the previous three months and 35.96% over the past year. The stock is trading above its 200-day moving average by 17.02%. Additionally, shares of ArcelorMittal, which together with its subsidiaries, owns and operates steel manufacturing and mining facilities, have an RSI of 34.51.
On January 10th, 2018, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On January 31st, 2018, ArcelorMittal announced its results for the three and twelve months ended December 31st, 2017. For Q4 2017, total steel shipments were 21.0Mt, sales were $17.7 billion, operating income was $1.2 billion, and net income was $1,039 million. For the full year 2017, total steel shipments were 85.2Mt, sales were $68.7 billion, operating income was $5.4 billion, and net income was $4.6 billion. Get access to our top-rated research, including the free report on MT at:
Companhia Siderurgica Nacional
Shares in Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional ended the session 4.21% lower at $2.96. The stock recorded a trading volume of 3.39 million shares, which was above its three months average volume of 3.19 million shares. The Company's shares have gained 21.31% over the previous three months. The stock is trading 7.18% above its 50-day moving average and 14.62% above its 200-day moving average. Moreover, shares of the Company, which operates as an integrated steel producer in Brazil, have an RSI of 45.68.
On January 17th, 2018, research firm JP Morgan upgraded the Company's stock rating from 'Underweight' to 'Neutral'.
On February 01st, 2018, Companhia Siderurgica Nacional announced that its subsidiary, CSN Resources S.A. ("CSN"), has commenced a cash tender offer for any and all of the outstanding 6.875% Senior Unsecured Guaranteed Notes due 2019 (144A CUSIP / ISIN Nos. 12642KAA2/US12642KAA25 and Reg S CUSIP / ISIN Nos. G2583XAA9/USG2583XAA93) of CSN Islands XI Corp., a finance subsidiary of CSN. The 2019 Notes Tender Offer will expire at 11:59 p.m. New York City time on March 01st, 2018, unless extended by CSN. Click here to subscribe for a free membership which welcomes you with our report on SID at:
At the closing bell on Thursday, Porto Alegre, Brazil-based Gerdau S.A.'s stock dropped 3.50%, finishing at $4.13. A total volume of 9.24 million shares was traded. The Company's shares have gained 28.66% over the previous three months and 5.09% over the past year. The stock is trading 3.73% and 19.06% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Gerdau, which provides steel-related products and services worldwide, have an RSI of 45.10.
On February 02nd, 2018, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. To get free access to your research report on GGB, sign up at:
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