Key Takeaways Cleveland-Cliffs commissions a $150M Vertical Stainless Bright Anneal Line at Coshocton Works. The new line uses a 100% hydrogen atmosphere and hydrogen recovery to enhance steel processing. This investment targets premium stainless steel for automotive and critical appliance applications.Cleveland-Cliffs Inc. (CLF) has commissioned its new cutting-edge Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Coshocton, OH. This $150 million capital investment has been comple ...

M O R G A N S T A N L E Y R E S E A R C H Europe Morgan Stanley & Co. International plc+ European Equity Research June 18, 2025 07:25 AM GMT Alain Gabriel, CFA M O R G A N S T A N L E Y R E S E A R C H EQUITY ANALYST Alain.Gabriel@morganstanley.com +44 (0)20 7425 8959 Waiting for a demand inflection June 2025 Ioannis Masvoulas, CFA Steel: Waiting for a demand inflection EQUITY ANALYST Ioannis.Masvoulas@morganstanley.com +44 (0)20 7425 0427 +44 20 7677-2702 Global Commodities Research Adahna Ekoku EQUITY ANA ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Carpenter Technology (CRS) - Carpenter Technology currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3]. - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4]. Performance Metrics - Over the past week, CRS shares increased by 5.85%, outperforming the Zacks Steel - Specialty industry, which rose by 4.87% [6]. - In a longer timeframe, CRS shares have risen by 35.47% over the past three months and 135.62% over the last year, significantly outperforming the S&P 500's gains of 7.87% and 14.01%, respectively [7]. Trading Volume - The average 20-day trading volume for CRS is 769,905 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, five earnings estimates for CRS have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $6.95 to $7.27 [10]. - For the next fiscal year, four estimates have moved up, with one downward revision noted [10]. Conclusion - Considering the positive momentum indicators and earnings outlook, CRS is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12].

Hong Kong, May 27, 2025 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (the “Company” or “Luda Technology”), (NYSE: LUD), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, today announced that on April 30, 2025, it completed and filed the Company's annual report on Form 20-F for the year ended December 31, 2024 (the "2024 Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). Availability of Audited Financial Statements Further information may ...

有色早报 研究中心有色团队 2025/05/21 铜 ： 日期 沪铜现货 升贴水 废精铜 价差 上期所 库存 沪铜 仓单 现货进口 盈利 三月进口 盈利 保税库 premium 提单 premium 伦铜 C-3M LME 库存 LME 注销仓单 2025/05/14 -35 1193 80705 50069 -227.87 527.10 100.0 115.0 14.83 185575 77650 2025/05/15 15 1100 80705 60535 -427.30 494.21 100.0 115.0 39.74 184650 76725 2025/05/16 445 1250 108142 63247 -433.62 40.45 95.0 111.0 31.45 179375 71900 2025/05/19 430 816 108142 61913 -103.15 218.98 95.0 111.0 15.52 174325 67550 2025/05/20 390 979 108142 45738 -23.85 170.67 94.0 110.0 3.16 170750 66450 变化 - ...

Equity Research 7 May 2025 Metals & Mining Key issues to be addressed and financial outlooks We present Q&A ideas, financial summaries and valuations for the key metals & mining stocks in our coverage universe. We hope you find this useful – please get in touch if we can help with anything further. European Metals & Mining NEUTRAL European Metals & Mining Amos Fletcher, CFA +44 (0)20 7773 2225 amos.fletcher@barclays.com Barclays, UK Ian Rossouw, CFA +44 (0)20 3555 2620 ian.rossouw@barclays.com Barclays, UK ...

Core Viewpoint - MRC Global Inc. reported first-quarter 2025 adjusted earnings of 14 cents per share, exceeding the Zacks Consensus Estimate of 8 cents, but down from 21 cents per share in the same quarter last year. Total revenues of $712 million also surpassed the consensus estimate of $710 million, although they decreased by 8.4% year over year due to lower sales volumes in specific sectors [1]. Revenue Summary by Product Line - Revenues from carbon pipe, fittings, and flanges decreased by 22.5% year over year to $162 million. - Revenues from valves, automation, measurement, and instrumentation fell by 0.7% year over year to $277 million. - Gas product revenues remained stable year over year at $187 million. - Sales of general products dropped by 28.1% to $46 million, while sales of stainless steel and alloy pipe and fittings increased by 5.3% to $40 million [2]. Revenue Summary by Sector - Revenues from Gas Utilities increased by 3% year over year to $273 million. - Sales in the Downstream, Industrial and Energy Transition (DIET) sector decreased by 17.7% to $220 million. - Sales from the Production & Transmission Infrastructure (PTI) sector fell by 10.6% year over year to $219 million [3]. Revenue Summary by Segment - Sales from the U.S. segment, which represents 83% of total revenues, totaled $591 million, down 11.4% year over year due to reduced demand in DIET and PTI sectors. - Sales from the International segment, accounting for 17% of revenues, grew by 10% year over year to $121 million, driven by higher revenues from the PTI sector [4]. Margin Profile - MRC Global's cost of sales declined by 7.8% year over year to $570 million. - Adjusted gross profit decreased by 10% year over year to $153 million, with an adjusted gross margin of 21.5%, compared to 21.9% in the previous year. - Selling, general, and administrative expenses rose by 3.3% year over year to $124 million, while adjusted EBITDA decreased by 36.8% year over year to $36 million [5]. Balance Sheet and Cash Flow - At the end of the first quarter of 2025, MRC had a cash balance of $63 million, stable compared to December 2024. - Long-term debt, including the current portion, was $367 million, with net debt at $308 million [6]. - The company generated net cash of $14 million from operating activities, down from $38 million in the year-ago period. - Capital expenditures for property, plant, and equipment were $9 million, up 50% year over year, and no dividends were paid on preferred stock compared to $6 million in the previous year [7]. 2025 Outlook - MRC Global anticipates that its second-quarter 2025 revenues will increase in the high-single to low-double-digit range sequentially, driven by growth across its three business sectors [9].

有色早报 研究中心有色团队 2025/05/07 铜 ： 日期 沪铜现货 升贴水 废精铜 价差 上期所 库存 沪铜 仓单 现货进口 盈利 三月进口 盈利 保税库 premium 提单 premium 伦铜 C-3M LME 库存 LME 注销仓单 2025/04/25 180 1130 116753 41588 -215.41 591.25 90.0 110.0 2.41 203450 77250 2025/04/28 175 881 116753 36884 -303.45 943.11 93.0 115.0 28.60 202800 70775 2025/04/29 205 1082 116753 34042 -121.50 784.42 94.0 115.0 -9.76 202500 71500 2025/04/30 230 997 116753 28166 -118.83 721.42 94.0 115.0 -6.80 200150 71050 2025/05/06 285 1063 116753 24922 -38.41 794.66 100.0 115.0 21.75 195625 86950 变 ...

HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today announced first quarter 2025 results from continuing operations. First Quarter 2025 Financial Highlights: Operating cash flows provided by continuing operations of $21 million Sales of $712 million, a 7% increase compared to the fourth quarter of 2024Gross profit, as a percentage of sales, of 19.9%Adjusted Gross Profit, as a percentage of sales, of 21.5%Net income from continuing operations of $8 millionAdjusted EBITDA of $36 millio ...

Quarterly business highlights include strong transactional sales, operational productivity, and working capital management, increase in market share, maintenance of expense controls, ramp up of capital improvements at our Shelbyville, KY non-ferrous processing center, and continued progress operationalizing capex investments and optimizing assets across our North America service center network.  CHICAGO, April 30, 2025 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor ...