NEW YORK, Dec. 28, 2017 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on STLD, NUE, SID, and MT which can be accessed for free by signing up to www.wallstequities.com/registration. In today's pre-market research, WallStEquities.com monitors Steel Dynamics Inc. (NASDAQ: STLD), Nucor Corp. (NYSE: NUE), Companhia Siderurgica Nacional (NYSE: SID), and ArcelorMittal SA (NYSE: MT). These companies operate in the Steel and Iron sector, which covers the manufacturing of steel into basic shapes and forms that then can be used to create products. All you have to do is sign up today for this free limited time offer, click the link below. www.wallstequities.com/registration
Fort Wayne, Indiana headquartered Steel Dynamics, Inc.'s stock finished Wednesday's session 1.12% lower at $43.19. A total volume of 1.03 million shares was traded. The Company's shares have advanced 15.60% in the past month, 26.66% over the previous three months, 16.51% in the last twelve months, and 21.39% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.57% and 20.41%, respectively. Furthermore, shares of Steel Dynamics, which together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the US and internationally, have a Relative Strength Index (RSI) of 67.90.
On December 07th, 2017, Steel Dynamics commented that it is pleased with the announcement by the Department of Commerce concerning the preliminary affirmative circumvention determination against flat roll steel from China processed into cold roll and corrosion resistant flat roll steel in Vietnam. The circumvention investigation was made pursuant to a petition filed by Steel Dynamics on September 22nd, 2016.
On December 20th, 2017, research firm Longbow upgraded the Company's stock rating from 'Neutral' to 'Buy'. Get the full research report on STLD for free by clicking below at: www.wallstequities.com/registration/?symbol=STLD
Shares in Charlotte, North Carolina-based Nucor Corporation ended at $64.61, down 0.19% from the last trading session. The stock recorded a trading volume of 2.07 million shares. The Company's shares have gained 15.68% in the last one month and 16.18% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 10.33% and 11.30%, respectively. Moreover, shares of Nucor, which manufactures and sells steel and steel products in the US and internationally, have an RSI of 70.96.
On December 01st, 2017, Nucor's Board of Directors increased the regular quarterly cash dividend on its common stock to $0.38. This cash dividend is payable on February 09th, 2018, to stockholders of record on December 29th, 2017.
On December 20th, 2017, research firm Longbow upgraded the Company's stock rating from 'Neutral' to 'Buy'. Free research on NUE can be accessed at: www.wallstequities.com/registration/?symbol=NUE
Companhia Siderurgica Nacional
Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional's stock ended yesterday's session 1.67% higher at $2.44 with a total trading volume of 1.87 million shares. The Company's shares have advanced 0.83% in the past month. The stock is trading below its 50-day moving average by 1.19%. Additionally, shares of the Company, which operates as an integrated steel producer in Brazil, have an RSI of 55.84. Visit WallStEquities.com now and sign up for the free research on SID at: www.wallstequities.com/registration/?symbol=SID
On Wednesday, shares in Luxembourg headquartered ArcelorMittal recorded a trading volume of 1.43 million shares. The stock finished the day 0.55% lower at $32.78. The Company's shares have advanced 10.63% in the last one month, 29.46% in the previous three months, 48.26% over the last twelve months, and 49.68% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.31% and 26.75%, respectively. Furthermore, shares of ArcelorMittal, which together with its subsidiaries, owns and operates steel manufacturing and mining facilities, have an RSI of 66.14.
On December 15th, 2017, ArcelorMittal announced the extension of the conversion date for the $1-billion, privately placed mandatory convertible bond (MCB) issued on December 28th, 2009, by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is mandatorily convertible into preferred shares of such subsidiary, was executed on December 14th, 2017. The mandatory conversion date of the bond has been extended to January 29th, 2021. The free technical report on MT is available at: www.wallstequities.com/registration/?symbol=MT
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