Steel & Iron Stocks under Scanner -- Nucor, Commercial Metals, TimkenSteel, and Reliance Steel & Aluminum

Aug 11, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, August 11, 2016 /PRNewswire/ --

The Steel and Iron segment continues to undergo serious restructuring as China's steel industry, which produces over 50% of global output, remains crippled by surplus capacity. Stock-Callers.com reviews the following four equities now and see where they stand in the market today: Nucor Corp. (NYSE: NUE), Commercial Metals Co. (NYSE: CMC), TimkenSteel Corp. (NYSE: TMST), and Reliance Steel & Aluminum Co. (NYSE: RS). You can access of our complimentary research reports on these stocks now at: http://stock-callers.com/registration

Nucor  

Charlotte, North Carolina-based Nucor Corp.'s shares saw a slight decline of 0.83% and finished Wednesday's trading session at $52.35. A total volume of 2.84 million shares was traded, which was above their three months average volume of 2.73 million shares. In the previous three months and since the start of this year, the stock has advanced 10.85% and 32.02%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 1.45% and 17.45%, respectively. Moreover, shares of Nucor, which manufactures and sells steel and steel products in the US and internationally, have a Relative Strength Index (RSI) of 45.97.

On July 21st, 2016, Nucor announced net earnings of $233.8 million, or $0.73 per diluted share, for Q2 2016. By comparison, Nucor reported net earnings of $70.8 million, or $0.22 per diluted share, for Q1 2016 and net earnings of $124.8 million, or $0.39 per diluted share, for Q2 2015. Nucor's net sales increased 14% to $4.25 billion in Q2 2016 from $3.72 billion in Q1 2016 and decreased 3% compared with $4.36 billion in Q2 2015.

On July 26th, 2016, research firm Cowen reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $50 a share to $55 a share. Visit us today and download your complete report on NUE for free at: http://stock-callers.com/registration/?symbol=NUE

Commercial Metals  

On Wednesday, shares in Irving, Texas headquartered Commercial Metals Co. recorded a trading volume of 791,502 shares, and ended the session 0.37% lower at $16.31. The stock has gained 21.95% on an YTD basis. The Company's shares are trading 4.86% above their 200-day moving average. Furthermore, shares of Commercial Metals, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, have an RSI of 42.57. The complimentary research report on CMC can be accessed at: http://stock-callers.com/registration/?symbol=CMC

TimkenSteel  

Shares in Canton, Ohio headquartered TimkenSteel Corp. closed the day at $8.73, slightly down 0.80%. The stock recorded a trading volume of 462,298 shares. The Company's shares have gained 4.18% since the start of this year and are trading 6.50% below their 200-day moving average. Additionally, shares of TimkenSteel, which manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide, have an RSI of 39.12.

On July 27th, 2016, TimkenSteel reported Q2 2016 net sales of $223.1 million and a net loss of $10.5 million or minus $0.24 per share. This compares to a net loss of $24.3 million, or minus $0.54 per share, in the same quarter last year. Q2 net sales decreased $55.1 million, or 19.8% on y-o-y basis and increased $5.2 million, or 2.4% sequentially. The company's EBITDA for the reported quarter was $4.0 million, a sequential improvement of $5.6 million. Register for free on Stock-Callers.com and download the PDF research report on TMST at: http://stock-callers.com/registration/?symbol=TMST

Reliance Steel & Aluminum  

At the closing bell yesterday, shares in Los Angeles, California headquartered Reliance Steel & Aluminum Co. ended 0.75% lower at $74.97 and with a total volume of 462,423 shares traded. The stock has advanced 4.06% in the previous three months and 30.98% on an YTD basis. The Company's shares are trading above their 200-day moving average by 13.36%. Furthermore, shares of Reliance Steel & Aluminum, which provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products, have an RSI of 38.23.

On July 28th, 2016, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'.

On August 2nd, 2016, the company announced that it has acquired all of the capital stock of Alaska Steel Company, a full-line metal distributor headquartered in Anchorage, Alaska. Founded in 1982, Alaska Steel boasts the largest on-hand inventory in Alaska. For the year ended December 31, 2015, Alaska Steel's net sales were approximately $33 million. The Company will operate as a wholly-owned subsidiary of Reliance's American Metals Corporation subsidiary and current management will remain in place. The terms of the transaction were not disclosed. Get free access to your research report on RS at: http://stock-callers.com/registration/?symbol=RS

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@stock-callers.com Phone number:  +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA