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AK Steel Holding Co. (AKS) Price Target Cut to $2.00
2016-01-12 13:00:34| Steel - Topix.net
The firm presently has an "equal weight" rating on the stock. Barclays' price target points to a potential downside of 2.91% from the company's previous close.
Ajax TOCCO Supplies 100kHz Induction Dryer for Steel Strip Coating
2016-01-12 11:31:10| Industrial Newsroom - All News for Today
Ajax TOCCO Magnethermic recently shipped a 1900 kW / 100,000 hz induction heating dryer system to a steel strip galvanizing producer in China for the drying of coatings including Passivation, with and without chrome products, and organics. This high powered induction dryer is designed to heat steel strip 0.04 mm...
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ajax
Why You Should Be Long AK Steel
2016-01-12 01:24:12| Steel - Topix.net
AKS shares have started 2016 on a positive note despite a weak guidance release by the company last month, indicating that investors are positive about its long-term prospects. The U.S. has imposed a 256% tariff on imports of corrosion-resistant steel from China, apart from 236% countervailing duties, which will make AKS' products more competitive than cheap Chinese imports.
This Undervalued Steel Giant Will Be a Big Turnaround Story in 2016
2016-01-11 20:13:22| Steel - Topix.net
The steel industry experienced a dismal 2015, lowering prices in the face of falling demand, all to the detriment of profitability. Indeed, during the last 12 months, steel stocks have taken a beating, with Nucor Corp. We believe the stock has been unfairly treated given its fundamentals, dividend history and prospects.
Brokers Issue Forecasts for Schnitzer Steel Industries, Inc.'s Q3 2016 Earnings
2016-01-11 12:57:08| Steel - Topix.net
Schnitzer Steel Industries, Inc. - Stock analysts at KeyBanc reduced their Q3 2016 EPS estimates for Schnitzer Steel Industries in a research report issued on Thursday, according to Zacks Investment Research . KeyBanc analyst P. Gibbs now forecasts that the brokerage will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.23.
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steel
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