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Zacks News
Gerdau to Divest Two Hydroelectric Plants to Kinross Gold
by Zacks Equity Research
Gerdau's (GGB) divestment deal, related to two hydroelectric power plants in Goias with a business unit of Kinross Gold, will strengthen the company's core operations upon completion.
Here's Why You Should Hold on to Gerdau (GGB) Stock for Now
by Zacks Equity Research
Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.
Gerdau's Rebar Business Sale to Aid Core Growth, Lower Debt
by Zacks Equity Research
Gerdau (GGB) has agreed to sell its U.S.-based rebar operations for $600 million. The deal, when completed, will help the company strengthen its core operations and lower its debt burden.
Gerdau (GGB) Q3 Net Income Up Y/Y, Steel Shipments Aid Sales
by Zacks Equity Research
Gerdau's (GGB) third-quarter 2017 profitability benefited from higher revenues, fall in financial expenses and positive impact of exchange variations, partially offset by rise in cost of sales.
Steel Stocks to Gain From Kobe Steel Data Fabrication Issue
by Zacks Equity Research
We believe that supply disruption caused by major players like Kobe Steel will increase growth opportunities for other steel producers, like AK Steel Holding, Steel Dynamics and Gerdau.
Gerdau to Divest Chilean Steel Units, Offers to Buy Bonds
by Zacks Equity Research
To manage its debt burden, Gerdau S.A. (GGB) is set to divest its Chilean long steel industrial units for $154 million. It has also commenced a cash tender offer for $500 million worth of Bonds.
China Pushes Up Global Crude Steel Production in August
by Zacks Equity Research
Global crude steel output rose in August on the back of record production in China.
Here's Why POSCO (PKX) Seems to be Solid Investment Pick
by Zacks Equity Research
Korean steel producer POSCO (PKX) is poised to reap benefits from growth in global steel demand. Diversified business structure and planned investments are added advantages.
Gerdau (GGB) Looks Good: Stock Adds 5.9% in Session
by Zacks Equity Research
Gerdau (GGB) shares rose nearly 6% in the last trading session, amid huge volumes.
Here's why Gerdau (GGB) Seems to be Solid Investment Pick
by Zacks Equity Research
Brazilian steelmaker, Gerdau S.A. (GGB) is poised to reap benefits from growth in Brazilian and global steel demand. Diversified business structure and strategic initiatives are added advantages.
Gerdau (GGB) Q2 Net Income Falls Y/Y, Steel Production Weak
by Zacks Equity Research
Gerdau S.A's (GGB) net income in second-quarter 2017 fell 19.1% year over year due to sales decline, adverse impacts of foreign currency translation and higher income tax expenses.
POSCO (PKX) Q2 Earnings Up Y/Y, Down Q/Q, '17 View Updated
by Zacks Equity Research
POSCO's (PKX) second-quarter 2017 profitability grew year over year driven by revenue and margins growth. However, results fell sequentially due to poor results in the steel, E&C and Energy segments.
POSCO (PKX) Upgraded to Strong Buy on Solid Growth Prospects
by Zacks Equity Research
On Jul 6, Zacks Investment Research upgraded POSCO (PKX) to a Zacks Rank #1 (Strong Buy). Going by the Zacks model, companies sporting a Zacks Rank #1 have strong chances of outperforming the broader market.
Gerdau's Long-Term Prospects Solid, Faces Near-Term Risks
by Zacks Equity Research
We issued an updated research report on Gerdau S.A. (GGB) on Jun 19, 2017.
Gerdau (GGB) Records Loss in Q1, Steel Production Falls Y/Y
by Zacks Equity Research
Gerdau S.A. (GGB) reported weak results for first-quarter 2017, with the bottom line plunging into loss of R$34.1 million ($10.9 million) from earnings of R$14.2 million ($3.6 million) recorded in the year-ago quarter.
Here's Why You Should Hold on to Domtar (UFS) Stock Now
by Zacks Equity Research
With stringent cost-cutting initiatives and focused operations for healthy organic growth, Domtar Corporation (UFS) appears to be a perfect long-term bet for investors compared to its peers.
Gerdau to Divest Premier Thermal Solutions to Z Capital
by Zacks Equity Research
Gerdau S.A. (GGB) recently announced plans to divest its business unit -- Premier Thermal Solutions, L.L.C. to Z Capital Partners, L.L.C., the private equity management arm of Z Capital Group, L.L.C.
Gerdau's (GGB) Q4 Loss Widens Y/Y on Weak Segmental Sales
by Zacks Equity Research
Gerdau S.A.'s (GGB) fourth-quarter 2016 net loss of R$203.4 million ($61.6 million) came in wider than loss of R$40.9 million ($10.6 million) in the year-ago quarter.
Can The Uptrend Continue for Gerdau (GGB)?
by Zacks Equity Research
Investors certainly have to be happy with Gerdau S.A. (GGB) and its short term performance. After all, the stock has jumped by 5.7% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well.
Companhia Siderurgica's Prospects Strong: Should You Buy?
by Zacks Equity Research
We issued an updated research report on Companhia Siderurgica Nacional (SID) or CSN on Dec 07, 2016.
Why Steel Stocks Could Add Resilience to Your Portfolio
by Zacks Equity Research
Over the past few years, the steel industry has reaped the benefits of accelerating growth in developing economies.
Why Steel Stocks Could Add Resilience to Your Portfolio
by Zacks Equity Research
Over the past few years, the steel industry has reaped the benefits of accelerating growth in developing economies.
How Steel Stocks Can Strengthen Your Portfolio
by Zacks Equity Research
As urban populations increase worldwide, so will the need for steel to build skyscrapers and public-transport infrastructure.
Should Steel Stocks Be a Part of Your Portfolio?
by Zacks Equity Research
Renewal of long-stalled construction projects and much awaited access to credit from lending institutions along with an improving overall economy have helped revitalize the commercial real estate sector in recent months.
Steel Stocks That Will Structure Growth
by Zacks Equity Research
There are plenty of reasons to be optimistic about the broader steel industry, both in the short and the long term. Below, we discuss some of the key reasons and what investors in the steel sector can look forward to in the coming months and years.