Analog Devices (NYSE:ADI), Anadarko Petroleum (NYSE:APC), Brady Corporation (NYSE:BRC), Fauquier Bankshares (NASDAQ:FBSS) and Insteel Industries (NASDAQ:IIIN) declare dividends.
The Board of Directors of Analog Devices (ADI) declared a quarterly common stock dividend of $0.25 per share payable 6/15/11 to shareholders of record at the close of business on 5/27/11.
The Board of Directors of Anadarko Petroleum APC) declared a quarterly common stock dividend of $0.09 per share payable 6/22/11 to shareholders of record at the close of business on 6/8/11.
The Board of Directors of Brady Corporation (BRC) declared a quarterly common stock dividend of $0.18 per share payable 7/29/11 to shareholders of record at the close of business on 7/8/11.
The Board of Directors of Fauquier Bankshares (FBSS) declared a quarterly common stock dividend of $0.12 per share payable 7/1/11 to shareholders of record at the close of business on 6/17/11.
The Board of Directors of Insteel Industries (IIIN) declared a quarterly common stock dividend of $0.03 per share payable 7/8/11 to shareholders of record at the close of business on 6/24/11.
Showing posts with label Insteel Industries. Show all posts
Showing posts with label Insteel Industries. Show all posts
Wednesday, May 18, 2011
Thursday, May 5, 2011
Steel's (MTL) (GSI) (GGB) (HAYN) (IIIN) and China Demand
As goes China so goes the demand for steel, and in that regard it doesn't look good for steel companies like General Steel Holdings, (NYSE:GSI), Gerdau S.A. (NYSE:GGB), Haynes International Inc. (Nasdaq:HAYN), Insteel Industries Inc. (Nasdaq:IIIN) and Mechel OAO (NYSE:MTL) , which are going to be pressured in the years ahead from declining demand from the Middle Kingdom.
According to the China Iron & Steel Association, the Chinese government is pushing to slow down economic growth, which will result in demand for steel in the country to slow down.
Estimates under the current scenario for the steel sector have steel consumption declining in China by a minimum of 2.6 percent to as high as 4.6 percent in 2011.
Globally it doesn't look good for the next five years or so either, as the top estimates are for steel demand to grow at a 5 percent rate annually, although many think it'll be less than that.
In the short term, the U.S. steel industry should ship product at 14 percent above 2010 levels, reaching about 95 million tons in 2011.
All the companies are being affected by soaring iron ore prices and other inputs, which are putting stress on margins and earnings because buyers are hesitating to acquire product at too high of prices; something that will continue for several years.
For the steel industry, there isn't much to be optimistic about, no matter how the situation is spun. It's going to remain tough for some time.
Mechel OAO closed Wednesday at $25.77, falling $1.03, or 3.84 percent.
According to the China Iron & Steel Association, the Chinese government is pushing to slow down economic growth, which will result in demand for steel in the country to slow down.
Estimates under the current scenario for the steel sector have steel consumption declining in China by a minimum of 2.6 percent to as high as 4.6 percent in 2011.
Globally it doesn't look good for the next five years or so either, as the top estimates are for steel demand to grow at a 5 percent rate annually, although many think it'll be less than that.
In the short term, the U.S. steel industry should ship product at 14 percent above 2010 levels, reaching about 95 million tons in 2011.
All the companies are being affected by soaring iron ore prices and other inputs, which are putting stress on margins and earnings because buyers are hesitating to acquire product at too high of prices; something that will continue for several years.
For the steel industry, there isn't much to be optimistic about, no matter how the situation is spun. It's going to remain tough for some time.
Mechel OAO closed Wednesday at $25.77, falling $1.03, or 3.84 percent.
Monday, May 2, 2011
Steel Firms (IIIN) (MTL) (SUTR) (TS) (TX) Pressured on Low Growth Outlook
The steel sector, even with some strong recent quarters from companies, looks weak, as over the next five years it is projected to grow at a pace of about 5 percent or less annually, placing downward pressure on steel producers like Insteel Industries Inc. (Nasdaq:IIIN), Mechel OAO (NYSE:MTL), Sutor Technology Group, Ltd. (Nasdaq:SUTR), Tenaris SA (NYSE:TS) and Ternium S.A. (NYSE:TX). And that's the more positive outlook by most analysts. A large number don't believe growth will even happen at that rate.
A majority of steel companies are being pressured to increase prices on their products in order to protect margins and earnings as the price of inputs and commodities rise.
That's not to say steel demand is falling completely, because it's not. But rising demand in some segments doesn't guarantee rising profits, as the industry is experiencing. A number of weak economies around the world could cut also into demand if steel prices and products rise to prohibitive levels.
There's no way to spin the outlook for the steel industry positively. The industry will struggle for years even in the midst of strong demand in some segments, as they attempt to work out the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from producers.
Tenaris SA closed Friday at $50.79, gaining $0.73, or 1.46 percent.
A majority of steel companies are being pressured to increase prices on their products in order to protect margins and earnings as the price of inputs and commodities rise.
That's not to say steel demand is falling completely, because it's not. But rising demand in some segments doesn't guarantee rising profits, as the industry is experiencing. A number of weak economies around the world could cut also into demand if steel prices and products rise to prohibitive levels.
There's no way to spin the outlook for the steel industry positively. The industry will struggle for years even in the midst of strong demand in some segments, as they attempt to work out the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from producers.
Tenaris SA closed Friday at $50.79, gaining $0.73, or 1.46 percent.
Friday, April 29, 2011
AK Steel (AKS) (GGB) (GNI) (IIIN) (MTL) (ZEUS) Pressured on Low Growth Steel Outlook
The steel industry, even with some strong recent quarters, looks weak, as over the next five years it is expected to grow at a pace of about 5 percent or less annually, putting downward pressure on steel companies like AK Steel Holding Corporation (NYSE:AKS), Gerdau S.A. (NYSE:GGB), Great Northern Iron Ore Proper (NYSE:GNI), Insteel Industries Inc. (Nasdaq:IIIN), Mechel OAO (NYSE:MTL) and Olympic Steel Inc. (Nasdaq:ZEUS); although they traded a little stronger Thursday.
A majority of steel companies are being forced to raise prices on their products in order to protect margins and earnings as the price of inputs and commodities rise.
That's not to say steel demand is falling, because it's not. But rising demand doesn't guarantee rising profits, as the industry is experiencing. A number of weak economies around the world could cut also into demand if steel prices and products rise to prohibitive levels.
There's no way to spin the outlook for the steel industry positively. The industry will struggle for years even in the midst of strong demand, as they attempt to work out the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from producers.
It also looks like the U.S. economy is starting to sputter again, and that's not good news for the steel industry either.
A majority of steel companies are being forced to raise prices on their products in order to protect margins and earnings as the price of inputs and commodities rise.
That's not to say steel demand is falling, because it's not. But rising demand doesn't guarantee rising profits, as the industry is experiencing. A number of weak economies around the world could cut also into demand if steel prices and products rise to prohibitive levels.
There's no way to spin the outlook for the steel industry positively. The industry will struggle for years even in the midst of strong demand, as they attempt to work out the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from producers.
It also looks like the U.S. economy is starting to sputter again, and that's not good news for the steel industry either.
Wednesday, April 27, 2011
Insteel (IIIN) (CHOP) (NUE) (MT) Close Mixed on Cost, Growth Concerns
The steel industry, even with some strong recent quarters, looks weak, as over the next five years it is expected to grow at a pace of about 5 percent or less annually, putting downward pressure on steel producers like Insteel Industries Inc. (Nasdaq:IIIN), China Gerui Advanced Materials (Nasdaq:CHOP), Nucor (NYSE:NUE) and ArcelorMittal (NYSE:MT), which closed mixed on Tuesday. And that's the more positive outlook by the majority of analysts. Many don't think growth will even happen at those modest levels.
A majority of steel companies are being forced to raise prices on their products in order to protect margins and earnings as the price of inputs and commodities rise.
That's not to say steel demand is falling, because it's not. But rising demand doesn't guarantee rising profits, as the industry is experiencing. A number of weak economies around the world could cut also into demand if steel prices and products rise to prohibitive levels.
Of course there a large varieties of companies with steel exposure, and each segment of the sector can represent strengths or weaknesses. So each unit and company will have to be watched closely for performance of course.
There's no way to spin the outlook for the steel industry in a positive manner. The industry will struggle for years even in the midst of strong demand as it attempts to work through the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from producers.
Some winners will emerge, but over time it's not easy to pick any one that's going to stand out. Some have looked to larger companies who may be able to navigate through the higher costs better, but we'll see if that's the case, as it isn't always that simple because of the wide variety of products and costs and pricing power with each one.
A majority of steel companies are being forced to raise prices on their products in order to protect margins and earnings as the price of inputs and commodities rise.
That's not to say steel demand is falling, because it's not. But rising demand doesn't guarantee rising profits, as the industry is experiencing. A number of weak economies around the world could cut also into demand if steel prices and products rise to prohibitive levels.
Of course there a large varieties of companies with steel exposure, and each segment of the sector can represent strengths or weaknesses. So each unit and company will have to be watched closely for performance of course.
There's no way to spin the outlook for the steel industry in a positive manner. The industry will struggle for years even in the midst of strong demand as it attempts to work through the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from producers.
Some winners will emerge, but over time it's not easy to pick any one that's going to stand out. Some have looked to larger companies who may be able to navigate through the higher costs better, but we'll see if that's the case, as it isn't always that simple because of the wide variety of products and costs and pricing power with each one.
Monday, April 25, 2011
Metalico (MEA) (HAYN) (IIIN) (FRD) Pressured on Low Growth Outlook
The steel industry, even with some strong recent quarters, looks weak, as over the next five years it is expected to grow at a pace of about 5 percent or less annually, putting downward pressure on steel producers like Haynes International Inc. (NASDAQ:HAYN), Insteel Industries Inc. (NASDAQ:IIIN), Friedman Industries Inc. (AMEX:FRD) and Metalico (AMEX:MEA) , even with a couple of decent quarterly results coming from their peers, like Steel Dynamics (NASDAQ:STLD). And that's the more positive outlook by the majority of analysts. Many don't think growth will happen even at that rate.
A majority of steel companies are being pressured to raise prices on their products in order to protect margins and earnings as the price of inputs and commodities jump.
That's not to say steel demand is falling, because it's not. But the slowly rising demand doesn't guarantee rising profits, as the industry is experiencing at this time. A number of weak economies around the world could also cut into demand if steel prices and products rise to prohibitive levels.
There's no way to spin the outlook for the steel industry in a positive manner. The industry will struggle for years, even in the midst of better demand, as it attempts to work out the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from the producers.
Haynes International Inc. closed Thursday at $50.36, gaining $0.47, or 0.94 percent. Insteel Industries Inc. ended the session at $14.42, gaining $1.12, or 8.42 percent. Friedman Industries Inc. closed at $10.15, dropping $0.21, or 2.04 percent. Metalico closed at $5.61, up $0.04, or 0.72 percent.
A majority of steel companies are being pressured to raise prices on their products in order to protect margins and earnings as the price of inputs and commodities jump.
That's not to say steel demand is falling, because it's not. But the slowly rising demand doesn't guarantee rising profits, as the industry is experiencing at this time. A number of weak economies around the world could also cut into demand if steel prices and products rise to prohibitive levels.
There's no way to spin the outlook for the steel industry in a positive manner. The industry will struggle for years, even in the midst of better demand, as it attempts to work out the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from the producers.
Haynes International Inc. closed Thursday at $50.36, gaining $0.47, or 0.94 percent. Insteel Industries Inc. ended the session at $14.42, gaining $1.12, or 8.42 percent. Friedman Industries Inc. closed at $10.15, dropping $0.21, or 2.04 percent. Metalico closed at $5.61, up $0.04, or 0.72 percent.
Thursday, April 21, 2011
Synalloy (SYNL) (AKS) (CMC) (IIIN) Get Boost from Steel Consumption Report, (STLD)
Investors have suddenly become steel industry and company believers after the performance of Steel Dynamics, Inc. (Nasdaq:STLD) and the release of estimates for glow steel production by the World Steel Association, which pushed up the share prices of AK Steel Holding Corporation (NYSE:AKS), Commercial Metals Company (NYSE:CMC), Synalloy Corp. (Nasdaq:SYNL) and Insteel Industries Inc. (Nasdaq:IIIN) Wednesday.
Steel Dynamics gave as its reason for the optimism as growing backlogs in the company’s structural and rail division, but quietly added some of that could have been weather-related.
Also the projected global steel consumption growth of 5.9 percent didn't included the potential devastating effect the slowdown in Japan will have, as it's the largest consumer of steel in the world. Without that, the numbers are pretty meaningless. And it will take time, as with everything related to Japan at this time, before we know the full impact on steel and other sectors.
Insteel Industries Inc. closed Wednesday at $13.30, gaining $0.07, or 0.53 percent. Synalloy Corp. ended the day at $14.05, up $0.39, or 2.86 percent. Commercial Metals Company closed at $16.43, jumping $0.27, or 1.67 percent. AK Steel Holding Corporation closed the session at $16.18, rising $0.10, or 0.62 percent.
Steel Dynamics gave as its reason for the optimism as growing backlogs in the company’s structural and rail division, but quietly added some of that could have been weather-related.
Also the projected global steel consumption growth of 5.9 percent didn't included the potential devastating effect the slowdown in Japan will have, as it's the largest consumer of steel in the world. Without that, the numbers are pretty meaningless. And it will take time, as with everything related to Japan at this time, before we know the full impact on steel and other sectors.
Insteel Industries Inc. closed Wednesday at $13.30, gaining $0.07, or 0.53 percent. Synalloy Corp. ended the day at $14.05, up $0.39, or 2.86 percent. Commercial Metals Company closed at $16.43, jumping $0.27, or 1.67 percent. AK Steel Holding Corporation closed the session at $16.18, rising $0.10, or 0.62 percent.
Wednesday, April 20, 2011
Insteel (IIIN) (FRD) (GSI) (CMC) Jump on Steel Dynamics' Results
Even though the results of Steel Dynamics (NASDAQ:STLD) gave steel stocks like Commercial Metals Company (NYSE:CMC), Insteel Industries Inc. (Nasdaq:IIIN), Friedman Industries Inc. (AMEX:FRD) and General Steel Holdings (NYSE:GSI) a big boost Tuesday, overall, the steel industry looks weak over the next five years, as it is expected to grow at a pace of 5 percent or less annually, putting downward pressure on steel producers like. And that's the more optimistic outlook by analysts. Most don't think growth will be at that rate.
Most steel companies are being forced to raise prices on their products in order to protect margins and earnings, as the price of inputs and commodities rise.
That's not to say steel demand is dropping, because it's not. But rising demand doesn't guarantee rising profits, as the industry is finding out. Weak economies around the world could cut into demand if steel prices and products rise to prohibitive levels.
There's no way to spin this in a positive manner. The industry will struggle for years even in the midst of strong demand, as they attempt to work out the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from producers.
As for Steel Dynamics, it admits bad weather in February could have been the reason for the jump in March shipments. Even if steel companies in general have a good quarter to report, it's very doubtful it has changed the outlook over the next several years. It could be a chance to make some quick money though.
Steel Dynamics (NASDAQ:STLD) closed at $18.46, gaining $1.00, or 5.73 percent. Insteel Industries Inc. closed at $13.23, rising $0.10, or 0.76 percent. General Steel Holdings closed at $2.12, jumping $0.04, or 1.92 percent. Friedman Industries Inc. ended the session at $10.37, increasing $0.17, or 1.67 percent. Commercial Metals Company closed at $16.16, gaining $0.18, or 1.13 percent.
Most steel companies are being forced to raise prices on their products in order to protect margins and earnings, as the price of inputs and commodities rise.
That's not to say steel demand is dropping, because it's not. But rising demand doesn't guarantee rising profits, as the industry is finding out. Weak economies around the world could cut into demand if steel prices and products rise to prohibitive levels.
There's no way to spin this in a positive manner. The industry will struggle for years even in the midst of strong demand, as they attempt to work out the balance between steel demand, rising inputs, and ability for companies and countries to afford price increases from producers.
As for Steel Dynamics, it admits bad weather in February could have been the reason for the jump in March shipments. Even if steel companies in general have a good quarter to report, it's very doubtful it has changed the outlook over the next several years. It could be a chance to make some quick money though.
Steel Dynamics (NASDAQ:STLD) closed at $18.46, gaining $1.00, or 5.73 percent. Insteel Industries Inc. closed at $13.23, rising $0.10, or 0.76 percent. General Steel Holdings closed at $2.12, jumping $0.04, or 1.92 percent. Friedman Industries Inc. ended the session at $10.37, increasing $0.17, or 1.67 percent. Commercial Metals Company closed at $16.16, gaining $0.18, or 1.13 percent.
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