SOURCE: Wall Street Equity Research

Wall Street Equity Research

December 09, 2010 08:17 ET

Analyst Study on Companhia Siderurgica Nacional and Gerdau S.A. - Steel Production Up Globally

JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 9, 2010) -  www.wallstreetequityresearch.com brings investors market knowledge on the aspects moving the steel & iron stocks, and offers complete analytical research on companies like Companhia Siderurgica Nacional (NYSE: SID) and Gerdau S.A. (NYSE: GGB). Register with www.wallstreetequityresearch.com today to gain full access to our complimentary research on these steel & iron stocks.

Global crude steel production rose 2% in October according to the World Steel Association. Despite a 2% year over year drop in production in China, they remain the world's leader, producing 42% of the world's steel. Production in the US rose 9.0% but apprehensions remain. 

www.wallstreetequityresearch.com is a specialized website where investors can have specific access to complimentary reports on steel & iron industry; traders looking for analysis on Companhia Siderurgica Nacional, Gerdau S.A. and other players in the industry are welcomed to sign up for free at http://www.wallstreetequityresearch.com/.
Economic uncertainty and varying demand has led to up and down share prices. Smaller steel companies have actually been the beneficiaries of these factors though. Smaller outfits have been better suited to tailor production to demand and have been better at absorbing rapid price shifts. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting companies in the steel & iron industry.

Despite a 9.0% year over year production improvement, steel makers in the US are concerned over the poor construction projections for 2011. Commercial construction is expected to improve by 3% but is still almost 50% below 2008 levels. Residential and infrastructure construction spending is currently projected to remain flat. 

Overall, the global increase in steel production is a positive sign for the sector. Global steel demand is expected to improve by 5% in 2011. However, fluctuating steel prices and uneven demand are cause for concern. Growth opportunities do remain for smaller steel companies and for companies in regions where construction is on the rise. 

Looking at the financial results delivered by some of the players of this industry during Q3 2010, Companhia Siderurgica Nacional posted net income of R$720 million on net revenue of R$3.9 billion. Investors can register today at http://wallstreetequityresearch.com/December092010CompanhiaSiderurgicaNacional(SID)091210.php to download the full report on Companhia Siderurgica Nacional.

Conversely, another Brazilian steel maker Gerdau S.A. posted net income of R$609 million on revenue of R$8,190.0 million. Investors can access free research on Gerdau S.A. now by signing up at http://wallstreetequityresearch.com/December092010GerdauS.A.(GGB)091210.php.

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