4 Steel Stocks That Have Gained More Than 30% in 2024 Amid Price Slump [Yahoo! Finance]
Universal Stainless & Alloy Products, Inc. (USAP)
Last universal stainless & alloy products, inc. earnings: 4/22 06:45 am
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Source: Yahoo! Finance
The downturn in prices put a dent on steel-producing companies' profitability. Despite these industry-wide challenges, certain steel companies defied the odds and delivered impressive performances in 2024. These include Carpenter Technology Corporation CRS, Universal Stainless & Alloy Products, Inc. USAP, L.B. Foster Company FSTR and Worthington Steel, Inc. WS. Steel prices have seen a significant pullback globally in 2024 due to a slowdown in demand and oversupply in the market. Steel production capacities, particularly in major steel-producing countries like China, continue to outstrip demand. In particular, U.S. steel prices tumbled after a strong run in late 2023 that extended into early 2024. The benchmark hot-rolled coil (HRC) prices are down more than 40% since reaching $1,200 per short ton at the start of 2024. The downside has been influenced by a concoction of factors, including a pullback in steel mill lead times, an oversupply of steel exacerbated by increased import
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News
- $TOCKHOLDER ALERT: The M&A Class Action Firm Urges Shareholders of USAP, NBR, ALTR, SASR to Take Immediate ActionGlobeNewswire
- SHAREHOLDER ALERT: The M&A Class Action Firm Urges Stockholders of USAP, NBR, ALTR, SASR to Act NowAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates USAP, FLIC, ARCH, CYTH on Behalf of ShareholdersGlobeNewswire
- Kuehn Law Encourages USAP, CYTH, ARCH, and FLIC Investors to Contact Law FirmGlobeNewswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates USAP, NBR, PFIE on Behalf of ShareholdersGlobeNewswire
USAP
Earnings
- 10/30/24 - Beat
USAP
Sec Filings
- 12/20/24 - Form DEFA14A
- 12/13/24 - Form DEFA14A
- 12/4/24 - Form 4/A
- USAP's page on the SEC website