Contrasting Ossen Innovation (OSN) & Nucor (NUE) | carbol steel plate

Hey Chris, this is Bill. We really don’t — if you look at the aerospace plate market right now on the supply side, it’s extremely tight. And again, when we look at the future, and we look at where mill lead times are, backlogs and build rates, it’s very positive. Long-term, I mean if you look at what will happen with the cancellation, our eventual cancellation of that plane that will take obviously some capacity or some need out of the market, but overall that’s being built back with conversions to other planes. So I think, if we look at — right now on the aerospace side, the outlook continues to be very positive. We’ve had tremendous strength in North America and maybe the rest of the world wasn’t quite as strong. Now we’re seeing the rest of the world improve a bit too. So all of that leads to a real positive outlook on the aerospace side.

There are other factors such as climate change initiatives that could easily have a more significant effect than the forces of market supply and demand.

NRDC and Stand.earth are calling on toilet paper and tissue manufacturers to shift to recycled content and what they call sustainable alternative fibers.

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 All of that and Bowie makes the line “it’s not the side effects of the cocaine…” feel like a proclamation of ancient wisdom. 

Chaudhuri said the foundation had not suggested any dimensions for the stalls because those would depend on the wares each would sell. “A stall that sells earrings would need lesser space than the one that sells garments. Some products need better display to attract customers,” he said.

Demand for our stainless steel flat products continues to be solid. Our average selling price for stainless steel products in the fourth quarter was relatively steady following price increases announced by the mills during the third quarter. As a reminder, pricing for stainless steel products is impacted by nickel prices which remained challenge. Looking ahead, while lead times remain short and surcharges have been pressured, base prices have continued to hold.

Several research analysts have recently commented on the stock. KeyCorp restated a “buy” rating and set a $90.00 price target on shares of Reliance Steel & Aluminum in a research note on Friday, November 30th. ValuEngine downgraded shares of Reliance Steel & Aluminum from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. Bank of America raised shares of Reliance Steel & Aluminum from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a report on Thursday, December 13th. Cowen assumed coverage on shares of Reliance Steel & Aluminum in a research report on Tuesday, January 8th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Zacks Investment Research cut shares of Reliance Steel & Aluminum from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $90.80.

Great. Yeah, thanks for all that color. So I guess the other, the last question I had was just on — and I think you alluded to it earlier, but the M&A opportunities that you’re seeing out there in — at least, still aggressively pursuing that growth angle. Just curious, if you could provide us an update with — what kind of opportunities you’re seeing, right now. What are you seeing in terms of valuation and where would you be more positively disposed to in terms of expanding your reach from an end market or product category perspective?

The new steel plant will replace an existing Voestalpine plant in Kapfenberg and will produce pre-materials for the aerospace, 3D-printing, automotive, and oil and gas extraction industries. The company’s aerospace customers include Airbus, Boeing, Embraer, and Bombardier, which use Voestalpine products in structural and undercarriage parts, engine components, and door segments. The new plant will process material produced by Voestalpine’s specialty steel plant.

Nucor pays an annual dividend of $1.60 per share and has a dividend yield of 2.6%. Ossen Innovation does not pay a dividend. Nucor pays out 21.0% of its earnings in the form of a dividend. Nucor has raised its dividend for 45 consecutive years.

The objectives of this study are to define, segment, and project the size of the market based on company, product type, application and key regions.