Equity Research on Companhia Siderurgica Nacional and Arcelor Mittal - Steel and Iron Companies Positive in Q3, Future Not as Clear
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/22/11 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Steel & Iron industry and are offering free analytical research on (NYSE: SID) and (NYSE: MT). Register with us today at to have free access to these research reports.
The Steel and Iron industry has been on a roll recently, as increased steel and iron ore sales have led to a jump in earnings for many in the industry. Companies like Arcelor Mittal and Companhia Siderurgica Nacional both reported strong year over year third quarters. Get your free reports on and at . There is no commitment to join.
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While the third quarter reports of many in the industry were positive, there are some potential concerns moving forward. Companhia Siderurgica saw third quarter profits increase by almost 50% year over year, but the results were down 4% sequentially. Steel sales volume was also down sequentially and gross margins contracted when compared to the prior year quarter. report is accessible for free by registering today at .
Conversely, Arcelor Mittal has also said that they expect 4th quarter shipments to decrease sequentially. report is accessible for free by registering today at .
One of the reasons for these declining projections is the state of the global economy. The U.S. continues to struggle at home, and the European debt crisis has also had a negative effect. With some concerns also coming out of Asian markets such as China, it will be interesting to see how steel and iron producers fare moving forward.
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