NEW YORK, June 20, 2013 /PRNewswire/ --
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Today, Wall Street Reports announced new research reports highlighting United States Steel Corporation (NYSE: X), Nucor Corporation (NYSE: NUE), ArcelorMittal (ADR) (NYSE: MT), AK Steel Holding Corporation (NYSE: AKS), and Steel Dynamics, Inc. (NASDAQ: STLD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
United States Steel Corporation Research Report
On June 10, 2013, United States Steel Corporation (U.S. Steel) announced the appointment of Christine S. Breves to the position of Vice President and Chief Procurement Officer, effective July 1, 2013. In this position, Breves will be responsible for the enhancement and execution of the global procurement and sourcing strategy for the Company, with an emphasis on driving business performance improvements by optimizing the Company's procurement spend. She will replace Michael J. Hatcher, who has held the position since 2009 and will transition to Vice President of Business Development and Real Estate. The Full Research Report on United States Steel Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/8b22_X]
Nucor Corporation Research Report
On June 13, 2013, Nucor Corporation (Nucor) announced its guidance for Q2 FY 2013 (period ending June 29, 2013). The Company expects its earnings to be in the range of $0.25 to $0.30 per diluted share, which matches closely with its Q1 FY 2013 earnings of $0.26 per diluted share, but represents a decrease from its Q2 FY 2012 earnings of $0.35 per diluted share. For Q2 FY 2013, Nucor stated that its overall operating performance in the steel mills segment is down compared to Q1 FY 2013, with weaker performance in sheet and structural steel, partially offset by improvement in plate. However, its fabricated construction products business is projected to return to profitability in Q2 FY 2013 after the typical seasonal slowdown in Q1 FY 2013 led to a moderate loss. The Company also stated that thus far in 2013 non-residential construction markets continued to lack sustained momentum, but are slowly improving from historically low levels. Full Research Report on Nucor Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/f2b1_NUE]
ArcelorMittal (ADR) Research Report
On June 17, 2013, ArcelorMittal Belval and Differdange, a production site under ArcelorMittal, announced that it has started operating the modernized electric arc furnace at the Esch-Belval steelworks. The upper and lower vessels were replaced during the two weeks of conversion work and a new fin-type bottom electrode was installed. The electric arc furnace was started in mid-April 2013. The Company reported that its old furnace's production record of 30 batches per day was equaled in May 2013 following a short test phase. With this modernization effort, the Company stated that its plant's production capacity has increased to one million tonnes of crude steel per year. The Full Research Report on ArcelorMittal (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/6fd8_MT]
AK Steel Holding Corporation Research Report
On June 17, 2013, AK Steel Holding Corporation (AK Steel) provided guidance for its Q2 2013 financial results. The Company expects shipments to increase between 3.9% and 5.4% QoQ to the range of 1.3 million and 1.4 million ton in Q2 2013, reflecting the Company's anticipation of increased shipments to the automotive market and carbon spot market compared to Q1 2013. AK Steel expects its average selling price per-ton for Q2 2013 to decrease by 0.7% QoQ to about $1,055 per ton. The Company stated that the expected decrease in average selling price is primarily due to lower spot market prices for carbon steel products compared to Q1 2013, though it stated that pricing has been more favorable in recent weeks. On May 23, 2013 and June 13, 2013, the Company had announced price increases on carbon flat-rolled steel products. Q2 2013 financial results will also include the effect of planned seven-day maintenance outage at its Middletown blast furnace and a non-cash income tax expense of approximately $11 million, or $0.08 per diluted share of common stock. As a result of these factors, AK Steel expects to incur a net loss between $0.33 and $0.38 per diluted share in Q2 2013. The Full Research Report on AK Steel Holding Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/bebf_AKS]
Steel Dynamics, Inc. Research Report
On June 17, 2013, Steel Dynamics, Inc. (Steel Dynamics) announced its Q2 2013 earnings guidance in the range of $0.10 to $0.14 per diluted share, a decline compared to $0.21 per diluted share in Q1 2013 and $0.20 per diluted share in Q2 2012. Overall steel shipments for Q2 2013 are expected to be slightly higher compared to Q1 2013, as decreases in merchant bar volume are expected to be more than offset by increased sheet and other long product shipment, including engineered special-bar-quality products and standard railroad rail. Margin compression, caused by declines in average consecutive quarterly sheet and structural steel pricing, is however expected to offset the volume improvement, resulting in reduced profitability from the Company's steel operations. Compared to Q1 2013, financial results are expected to be lower for metal recycling. On a positive note, the Company's fabrication operation is expected to remain profitable in Q2 2013. The Full Research Report on Steel Dynamics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/194a_STLD]
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SOURCE Wall Street Reports