U.S. Steel Corporation (X - Analyst Report) has introduced ACRYLUME E PLUS, an acrylic coated steel sheet, as a new addition to the ACRYLUME family. ACRYLUME E PLUS is a new coated flat-rolled steel that improves thermal emittance compared with ACRYLUME currently in use, yet has all the other qualities and performance traits of ACRYLUME.
ACRYLUME E PLUS adheres to the European Union environmental directives which include Restriction of Hazardous Substances Directive (RoHS) and Registration, Evaluation, Authorization and Restriction of Chemical Substances (REACH). The product provides the metal building construction industry with chromium-free emissive acrylic coating, thus making it more environmental friendly. The coating is done on GALVALUME coated steel sheet which can prevent solar reflectance and also meets thermal emittance regulations.
ACRYLUME E PLUS also minimizes staining and takes care of discoloration issues during storage, handling and installation in the same way of ACRYLUME and ACRYLUME CF. All these products do not require any lubrication prior to roll forming and can be delivered to the customers without requiring any slippery substance coating, allowing easier handling and installation by customers.
U.S. Steel released its second-quarter 2013 results in July. The company logged net loss of $78 million or 54 cents per share in the quarter compared with net income of $101 million or 62 cents per share posted a year ago. However, the results were narrower than the Zacks Consensus Estimate of a loss of 81 cents.
Revenues for the quarter fell roughly 12% year over year to $4,429 million, missing the Zacks Consensus Estimate of $4,583 million.
U.S. Steel currently carries a short-term Zacks Rank #3 (Hold).
Other companies in the steel industry with a favorable Zacks Rank are Companhia Siderurgica Nacional (SID - Analyst Report), Shiloh Industries Inc. and Kobe Steel Ltd. (KBSTY - Snapshot Report). While Companhia Siderurgica and Shiloh Industries hold a Zacks Rank #1 (Strong Buy), Kobe Steel retains a Zacks Rank#2 (Buy).