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Insteel(IIIN) - 2022 Q3 - Earnings Call Presentation
2025-07-02 06:13
Business Overview - Insteel Industries is the largest U S manufacturer of steel wire reinforcing products for concrete construction applications[5] - Nonresidential construction accounts for 85% of sales, while residential construction accounts for 15%[7] - Concrete product manufacturers represent 70% of sales, with distributors, rebar fabricators, and contractors making up the remaining 30%[8] Financial Performance - Year-to-date net sales reached $6188 million in 2022[28] - In fiscal year 2022 (39 weeks), net earnings were $100705 thousand and EBITDA was $142169 thousand[37] - As of July 2, 2022, the company had $630 million in cash and no borrowings on its $1000 million revolving credit facility[47] Growth Strategy - Continued conversion of rebar users to Engineered Structural Mesh (ESM) represents a substantial growth opportunity[23] - Capital expenditures are expected to total up to $200 million in fiscal year 2022[45] Market Outlook - Architecture Billings Index (ABI) and Dodge Momentum Index (DMI) are leading indicators for nonresidential building construction activity[53] - Customer sentiment remains positive, and leading indicators for nonresidential construction end markets remain at expansionary levels[54]
关于“唐山7月4-15日烧结机限产30%”的传闻,据调研了解,目前约半数钢厂表示有收到通知,剩余多数钢厂也表示大概率确实有。(Mysteel)
news flash· 2025-07-02 05:26
关于"唐山7月4-15日烧结机限产30%"的传闻,据调研了解,目前约半数钢厂表示有收到通知,剩余多 数钢厂也表示大概率确实有。(Mysteel) ...
花旗:中国材料_重新评估 3 个短期观点,铝和锂类股仍受青睐,对钢铁类股不再那么乐观
花旗· 2025-07-01 00:40
Flash | 26 Jun 2025 04:50:43 ET │ 16 pages China Materials Re-assessing 3 near-term calls, Aluminum & Lithium Names Still Preferred, Less Bullish on Steel Names CITI'S TAKE We are calling for steel supply reform, near-term lithium price bottom, and potential corporate actions from aluminum names within China Materials. Lithium and aluminum names have performed quite well, whilst steel names lagged. It is time for a re-assessment. Our key understandings: (1) Steel – NBS dataset was relatively discouraging vs ...
ArcelorMittal publishes its 2024 Payments to governments in respect of extractive activities report
Globenewswire· 2025-06-30 14:00
30 June 2025, 16:00 CET ArcelorMittal (’the Company’) has today filed its 2024 Payments to governments in respect of extractive activities report, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2024 to governments regarding its mining operations. The report, which complies with reporting requirements under Luxembourg law, is available for download from https://corporate.arcelormittal.com/corporate-library. ENDS About ArcelorMittal ArcelorMittal is one of the w ...
X @Bloomberg
Bloomberg· 2025-06-30 13:04
The UK will limit the growth of tariff-free steel imports to guard against a rush of products being redirected from the US https://t.co/dz4NJkX3Tb ...
Friedman Industries, Incorporated Joins Russell 2000® and Russell 3000® Indexes
Globenewswire· 2025-06-30 13:00
Group 1 - Friedman Industries has been added to the Russell 3000 Index, effective June 30, 2025, enhancing its market visibility and attracting investor capital [1][7] - The company aims to increase institutional ownership and improve capital inflows following its recent listing on Nasdaq in April 2025 [1][7] - Membership in the Russell 3000 Index also includes automatic inclusion in the small-cap Russell 2000 Index and relevant growth and value style indexes, which are widely utilized by investment managers [1][7] Group 2 - Friedman Industries is headquartered in Longview, Texas, and operates manufacturing plants in multiple states, including Arkansas, Alabama, Indiana, Illinois, and Texas [2] - The company has two reportable segments: flat-roll products and tubular products, with specific operations detailed for each segment [2]
X @Bloomberg
Bloomberg· 2025-06-30 10:34
China will continue to levy anti-dumping duties on imports of stainless-steel products, including from Indonesia. https://t.co/1O1pdV20ps ...
X @Bloomberg
Bloomberg· 2025-06-30 07:40
South Korea sees the need for trade negotiations with the US to continue past next week’s deadline as Seoul continues to seek exemptions from US tariffs including duties affecting the auto and steel industries. https://t.co/swugQVe8a2 ...
南京钢铁与华为联合研发的“元冶·钢铁大模型”正式发布
news flash· 2025-06-27 08:10
Group 1 - The company, Nanjing Steel Group, has completed the launch of 20 intelligent application scenarios based on Huawei Cloud Stack's hybrid cloud model [1] - This transformation marks a shift from "experience-based steelmaking" to "technology-driven steelmaking" [1] - The initiative aims to create a high-end, intelligent, green, integrated, and global AI super factory [1]
X @Bloomberg
Bloomberg· 2025-06-27 04:42
JSW agrees to buy up to 75% of Akzo Nobel’s Indian business in a $1.6 billion deal https://t.co/lqgv83uVoq ...