On Wednesday, Steel Dynamics, Inc. (NASDAQ:STLD)’s shares inclined 0.29% to $22.49.
Steel Dynamics, Inc. (STLD) in Washington, D.C., joined by AK Steel Corporation, ArcelorMittal USA, California Steel Industries, Nucor Corporation, and United States Steel Corporation, petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to apply antidumping (AD) and countervailing duties (CVD) against imports of corrosion resistant steel from China, India, Italy, South Korea, and Taiwan.
Imports of corrosion resistant sheet steel between 2012 and 2014 from the five subject countries raised 85%, from 1.5 million to 2.75 million tons. Further, imports raised by one third in the first quarter of 2015, from 600,000 to 800,000 tons, and based on licensing data have additionally raised in the second quarter. Over 15% of the U.S. market was lost to these subject imports, more than doubling their share between 2012 and the first quarter 2015.
The company produces corrosion-resistant steel counting hot dipped galvanized, Galvalume®, and painted steel at its facilities in Butler and Jeffersonville, Indiana; Columbus, Mississippi and three facilities (The Techs) in the Pittsburgh, Pennsylvania metropolitan area. The product is used in many construction applications, in addition to in automotive parts and numerous consumer products.
Steel Dynamics, Inc., together with its auxiliaries, manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; angles, plain rounds, flats, channels, and billets; and merchant beams, channels, and specialty structural steel sections.
Vishay Intertechnology (NYSE:VSH)’s shares gained 1.16% to $13.06.
Vishay Intertechnology (VSH) launched a surface-mount Power Metal Strip® resistor with a wide side terminal construction that yields a high 1 W power rating in the compact 0612 case size. The new WSL0612 combines its high power-to-footprint-size ratio with extremely low resistance values down to 0.001 Ω and stable resistance tolerances to 1.0 %.
The advanced construction of the WSL0612 resistor incorporates a solid metal nickel-chrome alloy resistive element with low TCR (< 20 ppm/°C). This results in a high-power resistor in the 0612 package size that maintains the superior electrical characteristics of the Power Metal Strip construction. The device’s small size allows for the design of high-power circuits featuring the smallest possible resistor for higher-performance end products.
The resistor is ideal for all types of current sensing and pulse applications, counting switching and linear power supplies, instruments, power amplifiers, and shunts in automotive electronic controls such as engines, brushless DC motors, anti-lock brakes, climate and battery administration controls; industrial controls, counting down-hole test/measurement equipment for oil/gas well drilling; inverter controls for HVAC systems; and DC/DC converters for servers, VRMs for laptops, and Li-ion battery safety and administration.
Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The company operates in five segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors, and Capacitors. The MOSFETs segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage Super Junction MOSFETs, power integrated circuits, and integrated function power devices. The Diodes segment provides rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers, and power modules.
At the end of Wednesday’s trade, Invesco Ltd. (NYSE:IVZ)‘s shares dipped -0.08% to $39.83.
Institutional money managers have a vast array of sophisticated investment options at their disposal. Increasingly, they are turning to exchange-traded funds (ETFs), citing liquidity, transparency and ease of implementation.
In particular, institutional investors have expressed a growing interest in smart beta ETFs, according to research conducted by Market Strategies International.
Sponsored by Invesco PowerShares, an associate of PowerShares Canada, the research report, titled The Evolution of Smart Beta ETFs, confirms that the use of smart beta ETFs among institutional decision makers is poised for continued growth.
Smart beta indices employ alternative security selection and weighting criteria with the aim of outperforming a market-capitalization-weighted benchmark and/or reducing risk.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client focused equity, balanced, and fixed income portfolios.
Lowe’s Companies, Inc. (NYSE:LOW), ended its Wednesday’s trading session with 0.71% gain, and closed at $70.65.
Lowe’s Companies, Inc. (LOW) declares that Robert F. Hull, Jr., chief financial officer, and Michael A. Jones, chief customer officer, will present at the 35th Annual Piper Jaffray Consumer Conference in New York, NY at 9:05 a.m. Eastern Time on Wednesday, June 10, 2015.
Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment.
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