This Morning’s Research Reports on Steel & Iron Stocks — Commercial Metals, India Globalization Capital, Nucor, and Reliance Steel & Aluminum – iCrowdNewswire

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Mar 6, 2018 1:30 PM ET

This Morning’s Research Reports on Steel & Iron Stocks — Commercial Metals, India Globalization Capital, Nucor, and Reliance Steel & Aluminum

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iCrowdNewswire - Mar 6, 2018

NEW YORK,  — strives to bring the best free research to the investment community.  Today we are offering reports on CMC, IGC, NUE, and RS which can be accessed for free by signing up to Today’s research on is centered on the Steel and Iron space, which most often consists of companies that produce steel as well as mine for its inputs, like iron ore. Most of these firms have operations all over the world, as the materials naturally occur in various countries. Stocks under observation this morning are: Commercial Metals Co. (NYSE: CMC), India Globalization Capital Inc. (NYSE AMER: IGC), Nucor Corp. (NYSE: NUE), and Reliance Steel & Aluminum Co. (NYSE: RS). All you have to do is sign up today for this free limited time offer by clicking the link below.

Commercial Metals

Irving, Texas headquartered Commercial Metals Co.’s stock finished Monday’s session 0.92% lower at $25.73 with a total trading volume of 1.19 million shares. The Company’s shares have advanced 6.50% in the past month, 29.69% in the previous three months, and 28.07% over the past year. The stock is trading 6.99% above its 50-day moving average and 26.52% above its 200-day moving average. Additionally, shares of Commercial Metals have a Relative Strength Index (RSI) of 57.22.  

On February 27th, 2018, Commercial Metals, in conjunction with its Q2 FY2018 earnings release, announced that it will webcast a live conference call on March 22nd, 2018, at 11:00 a.m. ET with Barbara Smith, President and CEO, and Mary Lindsey, Senior Vice President and CFO. The teleconference may be accessed in in listen-only mode on the Company’s website. Get the full research report on CMC for free by clicking below at:

India Globalization Capital

On Monday, shares in Bethesda, Maryland-based India Globalization Capital Inc. recorded a trading volume of 562,173 shares. The stock ended the session 1.49% higher at $0.72. The Company’s shares have advanced 24.46% in the previous three months and 147.03% over the past year. The stock is trading 31.55% above its 200-day moving average. Moreover, shares of the Company have an RSI of 36.72.

On March 01st, 2018, India Globalization Capital (IGC) announced that it has signed a Joint Development and Services Agreement with Parkinson’s Institute and Clinical Center of Sunnyvale, California. The latter will work with IGC in identifying new clinical end points for Parkinson’s disease and movement disorders that could be used to determine if natural products can help with the debilitating symptoms in Parkinson’s patients.  Download our actionable research report on IGC at:


Charlotte, North Carolina-based Nucor Corp.’s shares closed the day 0.03% lower at $67.86. The stock recorded a trading volume of 3.33 million shares, which was higher than its three months average volume of 3.19 million shares. The Company’s shares have gained 2.23% in the last month, 18.02% over the previous three months, and 8.33% over the past year. The stock is trading 2.14% and 14.04% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Nucor, which manufactures and sells steel and steel products in the US and internationally, have an RSI of 55.61.  

On February 20th, 2018, Nucor’s Board of Directors declared the regular quarterly cash dividend of $0.38 per share on the Company’s common stock. This cash dividend is payable on May 11th, 2018, to stockholders of record on March 29th, 2018. Register for your free report coverage on NUE at:

Reliance Steel & Aluminum

Shares in Los Angeles, California headquartered Reliance Steel & Aluminum Co. finished 0.38% higher at $93.16. The stock recorded a trading volume of 356,442 shares. The Company’s shares have advanced 6.85% in the last month, 18.51% in the previous three months, and 10.09% over the past year. The stock is trading above its 50-day and 200-day moving averages by 4.88% and 19.04%, respectively. Furthermore, shares of the Company, which operates as a metals service center company, have an RSI of 58.05.  

On February 16th, 2018, research firm Cowen reiterated its ‘Outperform’ rating on the Company’s stock with an increase of the target price from $101 a share to $107 a share.

On March 02nd, 2018, Reliance Steel & Aluminum announced that it has acquired all of the issued and outstanding capital stock of DuBose National Energy Services, Inc. and its affiliate, DuBose National Energy Fasteners & Machined Parts, Inc. (collectively, “DuBose”), effective March 01st, 2018. DuBose specializes in global fabrication, supply, and distribution of metal and metal products to the Nuclear industry, including utilities, component manufacturers, and contractors. Terms of the transaction were not disclosed. Get the free research report on RS at:

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