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NEW YORK, August 23, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting United States Steel Corp. (NYSE: X), Gerdau S.A. (NYSE: GGB), Companhia Siderurgica Nacional (NYSE: SID), ArcelorMittal (NYSE: MT), and AK Steel Holding Corporation (NYSE: AKS). 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 Corp. Research Report
On August 16, 2013, United States Steel Corp. (U.S. Steel) announced the appointment of Mario Longhi as Director on the Company's board. The Company also stated that he will succeed Chairman, John P. Surma, as the new Chief Executive Officer, with effect from September 1, 2013. According to U.S. Steel, Surma will continue to be Executive Chairman till he retires from the board on December 31, 2013. Seth Schofield, the Presiding Director on U.S. Steel's board of directors, commented, "Our board extends its appreciation to John Surma for his many contributions to our company during his decade as CEO, which included some of the most challenging years in U. S. Steel's long history. We are equally excited about the company's prospects under the leadership of Mario Longhi, who is uniquely qualified to lead U. S. Steel into the future." The Full Research Report on United States Steel Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/X]
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Gerdau S.A. Research Report
On August 2, 2013, Gerdau S.A. (Gerdau) announced that it has been honored by the IR Magazine Awards Brazil 2013, for being the Best Investor Relations Site - large cap. According to Gerdau, the awards analyses the excellence in transparency of the information and communication with investors from major public companies based in Brazil. Gerdau stated that the large cap category represents institutions with a market value of over R$ 3 billion. According to the Company, Gerdau's site has on average 8,000 hits per month, and caters to more than 130,000 shareholders and to market analysts by providing financial information from the Company with agility and quality in the stock market. The Full Research Report on Gerdau S.A. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/GGB]
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Companhia Siderurgica Nacional Research Report
On August 6, 2013, Bloomberg reported Companhia Siderurgica Nacional's (CSN) Q2 2013 and H1 2013 financial results. As per Bloomberg, CSN registered sales of 1.6 million tonnes of steel in Q2 2013; and record sales of 3.1 million tonnes of steel in H1 2013, representing a 15% YoY increase. For Q2 2013, CSN's net revenue from steel totaled R$3.1 billion, up 7% QoQ. Adjusted EBITDA for the quarter was R$1.1 billion, up 21% QoQ. In H1 2013, net revenue from steel totaled R$6.1 billion, indicating a 21% YoY growth. The Company had cash and cash equivalents of R$15.1 billion at the end of H1 2013. The Full Research Report on Companhia Siderurgica Nacional - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/SID]
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ArcelorMittal Research Report
On August 7, 2013, ArcelorMittal announced its plan to invest €17.2 million at its Avilés site, located in Asturias. According to the Company, the investments are meant to improve product quality, internal logistics and customer service. The Company also informed that it plans to start-up coke oven batteries 7 & 8 in Avilés by mid-November 2013, following shutdown in December 2011, due to the fall in steel demand in Spain and Europe. The Full Research Report on ArcelorMittal - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/MT]
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AK Steel Holding Corporation Research Report
On August 19, 2013, AK Steel Holding Corp. (AK Steel) announced that members of the United Steelworkers (USW) Local 1865 union have approved an 18-month labor agreement. AK Steel informed that the agreement covers more than 800 hourly production and maintenance steel operations employees at the Company's Ashland (KY) Works. James L. Wainscott, Chairman, President and CEO of AK Steel commented, "We are pleased to have reached a new labor agreement at our Ashland Works ahead of the expiration date, The agreement continues to serve the interests of both the company and Local 1865 members in an increasingly competitive, global steel industry." According to AK Steel, the new agreement will be effective from September 1, 2013 and will expire on March 1, 2015. 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.investorsreports.com/report/2013-08-19/AKS]
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