NEW YORK, November 19, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Nucor Corporation (NYSE: NUE), ArcelorMittal SA (NYSE: MT), Companhia Siderurgica Nacional (NYSE: SID), AK Steel Holding Corporation (NYSE: AKS), and Mechel OAO (NYSE: MTL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Nucor Corporation Research Report
On November 5, 2013, Nucor Corporation (Nucor) reported that Daniel R. DiMicco will be retiring from the Company's Board of Directors as well as from his position as Executive Chairman, on December 31, 2013. The Company informed that the Board of Directors has bestowed upon DiMicco the honorary title of Chairman Emeritus, in appreciation for his service to Nucor as CEO, Chairman, and Executive Chairman. Nucor stated that John J. Ferriola, the Company's current CEO and President, will succeed DiMicco as Chairman of the Board, with effect from January 1, 2014. The 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.analystscorner.com/r/full_research_report/f8b8_NUE
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ArcelorMittal SA Research Report
On November 7, 2013, ArcelorMittal SA (ArcelorMittal) reported its Q3 2013 financial results. In Q3 2013, the Company recorded sales of $19.6 billion, down 2.7% QoQ. According to the Company, lower sales in Q3 2013 were due to lower average steel selling prices and marginally lower steel volumes. EBITDA increased by 0.8% QoQ to 1.7 billion during the quarter. Net loss was at $193 million, or $0.12 loss per share, compared to $780 million, or $0.44 loss per share, in Q2 2013. Lakshmi N. Mittal, Chairman and CEO of ArcelorMittal said, "After a weak first half, we have seen third quarter performance improve year-on-year, positively impacted by our cost optimisation efforts and the increased shipments from our mining expansion. We believe that the bottom of the cycle is behind us and expect second half EBITDA, usually comparably weaker, to be at least equal to the first. Although operating conditions remain challenging, as economic indicators are improving we are cautiously optimistic about the prospects for 2014." For full-year 2013, the Company anticipates EBITDA to be more than 6.5 billion. The Full Research Report on ArcelorMittal SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/60d4_MT
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Companhia Siderurgica Nacional Research Report
On November 14, 2013, Companhia Siderurgica Nacional (CSN) reported its Q3 2013 financial results. In Q3 2013, the Company reported record consolidated net revenue of BRL4.7 billion (Brazilian Real), up 14.8% QoQ. Q3 2013 adjusted EBITDA was BRL1.7 billion, up 50.9% QoQ, driven by the mining and steel segments. Net income arrived at BRL502.9 million, versus BRL501.9 million in Q2 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.analystscorner.com/r/full_research_report/6166_SID
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AK Steel Corporation Research Report
On November 7, 2013, AK Steel Holding Corporation (AK Steel) announced an increase in current spot market base prices for all carbon flat-rolled steel products. The Company stated that the current spot market base prices will be increased by $30 per ton, effective immediately with new orders. 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.analystscorner.com/r/full_research_report/b5b4_AKS
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Mechel OAO Research Report
On November 7, 2013, Mechel OAO (Mechel) reported its Q3 2013 operational results. In Q3 2013, the Company produced 7 million tonnes of run-of-mine coal, reflecting an increase of 0.4% QoQ. In addition, during the quarter, Mechel produced 0.9 million tonnes of pig iron, and 1.1 million tonnes of steel, reflecting a decline of 10.8% QoQ and 12.1% QoQ, respectively. Evgeny Mikhel, CEO of Mechel said, "Coal production volumes on our chief mining enterprises remained on the same level quarter-on-quarter. The 10% decrease in the coking coal sales quarter-on-quarter was due to weaker domestic demand, which was partly compensated by increased export volumes. Sales were also affected by the shipping delays to Asia due to Far Eastern floods. Mechel Bluestone retained coking coal sales on the second-quarter level, In accordance with our long-term strategy, Mechel continues to expand into new markets for metallurgical coals. Over this year's first nine months the company managed to increase its PCI sales by 51% compared to the same period last year due to increased supplies to Asia Pacific, Britain and Belgium. Anthracite sales in the third quarter went down as our European customers partly replaced anthracites for PCI." He added, "The decrease in heat and electricity sales in 9M2013 as compared to the same period last year is due to disposal of several power division assets - primarily Toplofikatsia Rousse EAD." The Full Research Report on Mechel OAO - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/489c_MTL
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