|By PR Newswire||
|June 3, 2013 08:01 AM EDT||
NEW YORK, June 3, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting United States Steel Corp. (NYSE: X), Arcelor Mittal (NYSE: MT), Tenaris SA (NYSE: TS), POSCO (NYSE: PKX), and Commercial Metals Company (NYSE: CMC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
United States Steel Corp. Research Report
On May 13, 2013, United States Steel Corp. (United States Steel) and Kobe Steel, Ltd. (Kobe Steel) of Japan formally commissioned the new Continuous Annealing Line at their joint venture PRO-TEC Coating Company (PRO-TEC). PRO-TEC will now process some of the strongest and most formable grades of steel in North America. These new grades will assist automotive manufacturers in reaching the 2025 Corporate Average Fuel Economy (CAFE) standards of 54.5 miles per gallon for their passenger vehicle fleets, while maintaining the rigorous safety standards that consumers demand. John Surma, Chairman and CEO of United States Steel, shared, "U. S. Steel and Kobe Steel saw an opportunity for our PRO-TEC joint venture to help our automotive customers overcome the challenges associated with the 54.5 mpg regulation, and the products processed at PRO-TEC's new Continuous Annealing Line will offer our customers affordable, highly advanced options that will position them for ongoing success." The Full Research Report on United States Steel Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/8b22_X]
Arcelor Mittal Research Report
On May 10, 2013, Arcelor Mittal, the world's leading integrated steel and mining company, announced its financial results for Q1 2013. The Company's sales came in at $19.8 billion as compared with $22.7 billion in Q1 2012; while EBITDA came in at $1.6 billion as compared to $2.1 billion in Q1 2012. Net debt decreased by $3.8 billion during Q1 2013 to $18.0 billion as of March 31, 2013, primarily due to proceeds from the combined offering of ordinary shares and mandatorily convertible subordinated notes ($4 billion) and proceeds from the first tranche of AMMC (ArcelorMittal Mines Canada) 15% stake sale ($0.8 billion), partially offset by working capital investment ($0.5 billion). Liquidity improved to $18 billion compared with $14.5 billion at the end of Q4 2012; with average debt maturity of 6.0 years. For full year 2013, the Company expects to report EBITDA above $7.1 billion, assuming that the 2013 iron ore prices and the margin of steel prices over raw material costs will be similar to the levels of 2012. The Full Research Report on Arcelor Mittal - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/6fd8_MT]
Tenaris SA Research Report
On May 2, 2013, Tenaris SA (Tenaris) announced that its annual general meeting of shareholders approved all resolutions on its agenda. Among other resolutions adopted at the meeting, the shareholders approved the Company's consolidated financial statements and the annual accounts for the year ended December 31, 2012, and acknowledged the related management and independent auditors' reports and certifications. The meeting also approved the payment of a dividend for the year ended December 31, 2012, of $0.43 per share (or $0.86 per ADS), or approximately $507.6 million, which includes the interim dividend of $0.13 per share (or $0.26 per ADS) paid in November 2012. A copy of the minutes of the ordinary meeting can be downloaded from the Company website. The Full Research Report on Tenaris SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/4b8b_TS]
POSCO Research Report
On May 27, 2013, POSCO announced that it will be providing safety training for regular employees in small and medium-sized enterprises (SMEs) and outsourcing partners. The Company stated that the safety training program, which will be carried out in 32 sessions until December 2013, will be attended by total 775 trainees. The program is developed for regular employees of the consortium members so that they can act as safety leaders on site. A safety master of Safety and Health Office is the lecturer of this training program, helping the trainees to secure their own safety as well as their coworkers. In particular, the program examines 6 major safety matters such as high-place and heavy-duty work, gas safety, electrical safety, firefighting, facility safety, and CPR (cardiovascular pulmonary resuscitation). During the training, participants will share the risks of accidents through the experiences of actual victims, and resolve to maintain safety in their own ways. The Full Research Report on POSCO - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/519a_PKX]
Commercial Metals Company Research Report
On May 28, 2013, Commercial Metals Company (Commercial Metals) announced that its Q3 FY 2013 earnings conference call will be broadcast live over the Internet on Thursday, June 27, 2013, at 11:00 a.m. ET (10:00 a.m. CT). The Company reported that Joe Alvarado, Chairman of the Board, President & Chief Executive Officer, and Barbara Smith, Senior Vice President & Chief Financial Officer will conduct the conference call. The teleconference will also be available via webcast. The webcast in listen-only mode can be accessed at the Company's website. The Full Research Report on Commercial Metals Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/5d80_CMC]
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SOURCE Wall Street Reports
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