Steel & Iron Stocks on Investors' Radar -- Companhia Siderurgica Nacional, Commercial Metals, Reliance Steel & Aluminum, and Mechel
Dec 07, 2016, 07:35 ET
NEW YORK, December 7, 2016 /PRNewswire/ --
This morning, Stock-Callers.com reviews the performances of these four Steel and Iron equities: Companhia Siderurgica Nacional (NYSE: SID), Commercial Metals Co. (NYSE: CMC), Reliance Steel & Aluminum Co. (NYSE: RS), and Mechel PAO (NYSE: MTL). According to Research and Markets' "Analyzing the Global Steel Industry 2016" report released last July, global demand for steel has continued to grow in spite of the subdued economy worldwide. Additionally, the industry remains on trajectory towards strong growth to 2020 despite declining output. A main challenge for the industry, however, would be maintaining its profit margins while dealing with high input costs and raw material costs. Learn more about these stocks by downloading their comprehensive and free reports at:
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Companhia Siderurgica Nacional
At the close on Tuesday, shares in Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional rose 0.57%, ending the day at $3.53. The stock recorded a trading volume of 2.95 million shares, which was above its three months average volume of 2.62 million shares. The Company's shares have advanced 18.46% in the last one month, 22.57% in the previous three months, and 260.20% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.51% and 28.15%, respectively. Moreover, shares of the Company, which operates as an integrated steel producer in Brazil, have a Relative Strength Index (RSI) of 54.66.
On November 30th, 2016, Companhia Siderurgica Nacional announced that in complement to the statement of material fact dated 23rd August 2016, it has closed the sale of 100% of the shares issued by the Company's subsidiary Cia Metalic do Nordeste, to Can-Pack Brasil Indústria de Embalagens Ltda, a Brazilian subsidiary of Can-Pack S.A. The amount received by the Company is BRL 372.54 million, fully paid in cash in Brazilian Reais. SID complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=SID
Commercial Metals
Shares in Irving, Texas headquartered Commercial Metals Co. ended the day 1.39% higher at $24.03. A total volume of 1.87 million shares was traded, which was above their three months average volume of 1.68 million shares. The stock has surged 45.02% in the past month, 51.09% over the previous three months, and 80.97% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 33.42% and 43.01%, respectively. 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 84.73.
On November 9th, 2016, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy'.
On November 29th, 2016, Commercial Metals announced that its Board of Directors has promoted Barbara R. Smith to the position of President and Chief Operating Officer. The promotion will be effective as of the Company's annual meeting of stockholders on January 11th, 2017. The complimentary report on CMC can be downloaded at:
http://stock-callers.com/registration/?symbol=CMC
Reliance Steel & Aluminum
On Tuesday, shares in California headquartered Reliance Steel & Aluminum Co. finished 1.00% lower at $84.85. A total volume of 1.05 million shares was traded, which was higher than their three months average volume of 642,690 shares. The stock has advanced 25.12% in the last one month, 14.95% over the previous three months, and 49.88% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 16.01% and 17.53%, respectively. Additionally, shares of Reliance Steel & Aluminum, which operates as a metals service center company, have an RSI of 71.07.
On November 29th, 2016, research firm Macquarie downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Sign up for your complimentary research report on RS at:
http://stock-callers.com/registration/?symbol=RS
Mechel
Moscow, the Russian Federation-based Mechel PAO's shares recorded a trading volume of 283,673 shares at the end of yesterday's session. The stock closed the day 0.54% lower at $5.48. The Company's shares have advanced 24.83% in the last one month, 122.76% in the previous three months, and 234.15% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 21.57% and 115.57%, respectively. Additionally, shares of Mechel, which together with its subsidiaries, engages in mining and steel businesses in Asia, the Russian Federation, the Commonwealth of Independent States, Europe, the Middle East, the US, and internationally, have an RSI of 51.86.
On November 29th, 2016, Mechel for the nine months of 2016 reported operating profit of 28.8 billion rubles, up by 31% compared to operating profit of 22.0 billion rubles for nine months of 2015. The company's EBITDA increased 16% on a y-o-y basis to 41.6 billion rubles. The company posted net profit attributed to Mechel's shareholders of 5.5 billion rubles for nine months of 2016. Get free access to your research report on MTL at:
http://stock-callers.com/registration/?symbol=MTL
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