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|52 Wk Low/High||24.74 / 37.50|
Global stocks were mixed Thursday, with U.S. markets poised for a modest decline, as trade war talk offset improving sentiment in Europe and surging factory activity in China.
U.S. officials could confirm import tariffs on EU steel and aluminium products Thursday in the latest salvo in on-again/off-again trade war between the White House and its economic partners.
Global stocks turned red Wednesday, setting up a session of weakness on Wall Street, following comments from President Donald Trump that cast doubt on a planned summit with North Korea.
A study of analyst recommendations at the major brokerages shows that ArcelorMittal SA is the #8 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.
U.S. Steel comes out with a full year profit hike, citing President Trump's new steel tariffs.
The company's largest driver to use U.S. steel on the exterior of its cars is likely logistics, not patriotism. Meanwhile, the company uses various parts on the interiors of its vehicles that are made using steel from across the globe.
European steelmakers, as well as major auto and aerospace exporters, fell sharply Friday as investors reacted to punishing import tariffs from U.S. President Donald Trump.
European Commission President Jean-Claude Juncker vowed to "firmly and commensurately to defend our interests" in the wake President Donald Trump's plans to impose steel import tariffs.
A study of analyst recommendations at the major brokerages shows that ArcelorMittal SA is the #15 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.
Investors in ArcelorMittal SA saw new options begin trading this week, for the September 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
While the U.S. mulls an exit from Nafta, a weak dollar and tax incentives could precipitate an influx of domestic investment. Here are the top names to own.
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