Chemicals & Fertilizers - The chemicals sector is experiencing strong performance, particularly with Navin Fluorine, which reported a 16% surge in quarterly numbers and robust growth across all segments, including CDMO and specialty chemicals [1][14] - In contrast, SRF's performance was disappointing, indicating mixed signals within the sector, with Navin Fluorine having a competitive edge [4][14] - Elevated valuations in the chemicals sector necessitate selective stock picking, especially as global R22 chemical prices are declining from their highs [5][14] - Government policy support and improved global supply chains are positive factors for the fertilizers sector, with a favorable outlook on stocks like Coromandel International and PI Industries [6][14] Banking - The State Bank of India (SBI) is expected to report steady quarterly results, supported by strong asset quality and margins, similar to other major banks like ICICI [7][8][14] - SBI has one of the highest coverage ratios in the banking sector, reinforcing a positive outlook and a buy rating for the stock [8][14] Metals - The metals sector is showing renewed optimism, with a positive outlook driven by global cues and strong price action [9][14] - Tata Steel is positioned to benefit from improving steel price realizations, operational efficiencies, and robust domestic demand, leading to an upgrade from neutral to buy with a target price of ₹210 [10][12][14] - The ongoing US-China talks are expected to positively influence base metal prices, contributing to the overall positive sentiment in the metals sector [11][14]

Core Viewpoint - Cleveland-Cliffs Inc (NYSE:CLF) is experiencing significant discussion among investors, particularly due to its recent quarterly results and subsequent stock performance influenced by Wells Fargo's downgrade, which suggested an overreaction to rare earths enthusiasm [1]. Group 1: Investment Thesis - Jim Lebenthal, Chief Equity Strategist at Cerity Partners, is bullish on Cleveland-Cliffs Inc, emphasizing that the investment thesis is evolving beyond rare earths [2]. - The company has secured contracts with major OEMs at favorable prices for the next two to three years, indicating a positive outlook driven by increasing auto demand, which constitutes about one-third of its business [2]. - A memorandum of understanding has been signed with an international steel company to utilize idle assets and plants at Cleveland-Cliffs, further enhancing the investment narrative [2]. Group 2: Market Context - The stock initially surged following the quarterly results but faced a decline after Wells Fargo's downgrade, highlighting the volatility in market sentiment surrounding the company [1]. - The overall market context includes a rising auto production trend, which is expected to benefit Cleveland-Cliffs significantly due to its involvement in the automotive supply chain [2].

登录新浪财经APP 搜索【信披】查看更多考评等级 第三季度财务报表是否经审计 证券代码：600399 证券简称：抚顺特钢 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误导性陈 述或重大遗漏，并承担个别和连带的法律责任。 公司负责人孙立国、主管会计工作负责人及会计机构负责人（会计主管人员）吴效超保证季度报告中财 务信息的真实、准确、完整。 单位:元 币种:人民币 □是 √否 ■ 一、主要财务数据 （一）主要会计数据和财务指标 单位：元 币种：人民币 ■ 注："本报告期"指本季度初至本季度末3个月期间，下同。 （二）非经常性损益项目和金额 √适用 □不适用 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 （三）主 ...

Company Overview - Cleveland-Cliffs Inc. is a significant player in the steel industry, focusing on the production of iron ore pellets and steel products, with a strong presence in North America and serving key sectors like automotive and manufacturing [1] Market Performance - Goldman Sachs has set a price target of $16 for CLF, indicating a potential price increase of approximately 29.45% from its current trading price of $12.36, reflecting confidence in the company's future performance [2][6] - CLF's shares have risen by 13.3% over the past month, outperforming the Zacks S&P 500 composite's increase of 3.6%, highlighting its strong performance within the Zacks Steel - Producers industry, which gained 11.8% [3][6] - The current stock price of CLF is $12.51, marking a 2% increase, with a daily fluctuation between $12.21 and $12.57. Over the past year, the stock has seen a high of $16.70 and a low of $5.63, indicating significant volatility [4] Financial Metrics - The company's market capitalization is approximately $6.19 billion, with a trading volume of 4,839,141 shares on the NYSE [4][6] Investment Considerations - Understanding the potential future direction of CLF is crucial for investors, emphasizing the importance of focusing on fundamental factors like earnings estimates rather than short-term media releases [5]

Key Points Nucor reported stronger-than-expected shipment volumes. Nucor highlighted its participation in building and filling data centers. 10 stocks we like better than Nucor › Investors have been rewarding more than just tech companies for potential benefits from growing artificial intelligence (AI) infrastructure. Suppliers of the computer hardware, software, and connectivity equipment are obvious beneficiaries. Power and energy suppliers to data centers are also along for the ride. This week, ...

Financial Data and Key Metrics Changes - The company reported an EBITDA of BRL 2.7 billion for Q3 2025, which is a 7% increase quarter on quarter [6] - Free cash flow generated during the quarter was BRL 1 billion, converting 37% of EBITDA into cash, reversing previous cash consumption trends [7] - The net debt/EBITDA ratio improved to 0.81 times due to cash generation in Q3 [7] - Capital expenditures totaled BRL 1.7 billion, with a 22% reduction in CapEx guidance for 2026 compared to 2025 [8] Business Line Data and Key Metrics Changes - North America segment accounted for 65% of consolidated EBITDA, with over a 10% increase in total shipments compared to previous periods [4][5] - The South American segment showed recovery, which offset declines in Brazil, where the local market was heavily impacted by imported steel [6] Market Data and Key Metrics Changes - In North America, steel demand remains stable with healthy order backlogs, while Brazil's market is affected by over 6 million tons of imported steel, representing 29% of domestic sales [5][10] - The import penetration rate in Brazil continues to be a concern, necessitating protective measures for the local steel industry [5] Company Strategy and Development Direction - The company emphasizes internationalization and geographic diversification as strategic differentiators [5] - The sustainable mining project in Miguel Burnier is nearing completion, with operations expected to start in early 2026 [5] - The company is focusing on internal operating efficiency and cost management initiatives in response to market challenges [11] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for North American steel demand driven by sectors like solar power and infrastructure, while the Brazilian market outlook remains uncertain [10][11] - There is cautious optimism regarding trade defense measures being adopted by the Brazilian government [11] - The company plans to enhance competitiveness through operational adjustments and potential consolidation of production routes if necessary [46][48] Other Important Information - The company approved a dividend distribution of BRL 0.28 per share at Gerdau S.A. and BRL 0.19 per share at Metallurgica Gerdau [8] - Share buybacks have reached 88% of the 2025 program, returning BRL 902 million to shareholders [9] Q&A Session Summary Question: What strategies are needed to improve the challenging scenario in Brazil? - Management indicated that further competitiveness measures have been exhausted, and trade defense is crucial for survival [28][30] Question: What is the outlook for U.S. prices and market dynamics? - Management noted that the metal spread has reached a level with limited room for further increases, and demand remains strong [33][34] Question: What is the impact of anti-dumping measures in the U.S.? - Management is monitoring the situation, noting that while rebar accounts for a small portion of the product mix, it could affect competition dynamics [41][42] Question: How will the company approach capital allocation in light of strong cash generation? - The focus will be on share buybacks over dividends, with a robust cash position allowing for strategic investments [43] Question: What are the implications of potential tariff renegotiations with Canada and Mexico? - Management believes that any agreements would optimize operations and sales across borders, enhancing profitability [80]

Financial Performance - Adjusted EBITDA reached R$27 billion[12] - Net income grew to R$11 billion, a 26% increase compared to 2Q25[12] - Free cash flow was R$10 billion, primarily due to higher working capital release[12] - Dividends declared for Gerdau S A were approximately R$555 million (R$028/share) and for Metalúrgica S A were approximately R$188 million (R$019/share)[12] - Share buyback program executed 88%, with approximately R$902 million invested, representing 29% of outstanding shares[12] Operational Highlights - Steel shipments reached 30 million tonnes, with YoY growth, including a 10% increase in North America[5] - North America achieved its highest-ever share in consolidated EBITDA at 65%, compared to 61% in 2Q25[8] - The Miguel Burnier Mining project is 90% complete and in the pre-operational phase, with start-up expected in 4Q25[10] Market Dynamics - Steel import penetration in Brazil remains high at 25% for the first nine months of the year[6] - CAPEX guidance for 2026 is R$47 billion, a 22% decrease compared to the 2025 estimate[12]

By Javi West Larrañaga (Reuters) -The boss of Spanish steelmaker Acerinox praised on Friday recently announced steel import quotas by the European Commission but said the company was working to get the measures adopted more quickly. "We are pushing and trying to accelerate the process as much as we can," Chief Executive Officer Bernardo Velazquez said on a call with analysts, suggesting the measures should come into place as early as April 2026, before the current ones expire at the end of June. "We can ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

We recently published Jim Cramer Talked About These 14 Stocks & Discussed AI And Layoffs. Nucor Corporation (NYSE:NUE) is one of the stocks Jim Cramer recently discussed. Nucor Corporation (NYSE:NUE) is one of the largest steel companies in America. Cramer has frequently discussed the firm in 2025, and most of his comments have surrounded Chinese steel flooding the US market to drive down prices. However, this time he commented that Nucor Corporation (NYSE:NUE) had positioned itself to benefit from the bo ...