World Steel Association: Global crude steel production in November was 145.5 million tons, up 3.3% year on year
In November 2023, the world's crude steel production in 71 countries included in the World Steel Association statistics was 145.5 million tons, an increase of 3.3% over the previous year.
The UAW strike brought unexpected joy, and US steel mills are expected to usher in high profits next season!
① The strike in the US automobile industry hindered procurement at the time. Now that automobile manufacturers are expecting to resume operations, the automobile industry has begun to purchase large quantities of steel; ② Analysts expect that the price of US steel will continue to rise and bring higher profits to steel mills in the first quarter of next year.
National Bank Expects Mullen Group to Outpace Broader Canadian Economy in 2023
National Bank said Wednesday that Mullen Group Ltd. (MTL.TO) has performed well as compared to peers despite the softness in the freight market. The company was up 0.6% on last look on Thursday. "The
Mullen Group Price Target Raised to $16 at CIBC
CIBC Capital Markets raised its price target on Mullen Group Ltd. (MTL.TO) to $16 from $15.50. Analyst Kevin Chiang maintained a Neutral rating on shares of the Canadian logistics and warehousing comp
RBC Capital Markets Says Stella-Jones, Westshore Terminals 'Best-Positioned Stocks' In Canadian Trucking, Industrials Sector
RBC Capital Markets said Thursday that Stella-Jones Inc. (SJ.TO) and Westshore Terminals Investment Corp. (WTE.TO) are best-positioned stocks in the Canadian trucking and diversified industrials secto
Mullen Group Market-Perform Rating Reiterated at BMO Following Management Meetings; Price Target Kept at C$15.50
BMO Capital Markets on Wednesday reiterated its market-perform rating on the shares of Mullen Group (MTL.TO) and its C$15.50 price target after hosting meetings with the management of the trucking and
RBC Capital Markets 2023 Canada Automotive, Industrials & Transportation Conference; 7th Of 10 Parts, Logistics
RBC Capital Markets on Thursday outlined insights from companies that participated in the 2023 RBC Capital Markets Canadian Automotive, Industrials & Transportation Conference this week in Toronto. RB
National Bank's Monthly Canadian Freight Update
The May 2023 edition of the NBF Monthly Canadian Freight Update highlights key industry data points and trends impacting National's freight company coverage universe: CN Rail, CPKC, Cargojet, Mullen G
Mullen Group Agrees to Buy B. & R. Eckel's Transport
06:55 AM EDT, 05/01/2023 (MT Newswires) -- Mullen Group Ltd. (MTL.TO said Monday that it has agreed to buy B. & R. Eckel's Transport Ltd. for an undisclosed sum. B. & R.'s three primary service offeri
BMO Capital Raises Mullen Group's Price Target to $15.50 After Q1; Maintains Market Perform
02:26 PM EDT, 04/28/2023 (MT Newswires) -- Mullen's Q1/23 results were above expectations, driven mostly by a large pick-up in its Specialized and Industrial segment. BMO Capital rates the shares as M
National Bank on Mullen Group; "Bucking the Broader Freight Market Trends; Maintain Outperform, Lifts Target
02:53 PM EDT, 04/27/2023 (MT Newswires) -- National Bank has kept its Outperform rating on Mullen Group Ltd. (MTL.TO), one of Canada's largest logistics providers, and has increased its target to $19.
Mullen Group's Q1 Adjusted Profit, Revenue Grows
06:44 AM EDT, 04/27/2023 (MT Newswires) -- Mullen Group Ltd. (MTL.TO), one of Canada's largest logistics providers, on Thursday reported first-quarter adjusted earnings of $31.3 million, or $0.34 per
Mullen Group Brief: Q1 Earnings per Share Adjusted 0.34
06:00 AM EDT, 04/27/2023 (MT Newswires) -- Mullen Group Brief: Q1 Earnings per share adjusted 0.34
Mullen Group Brief: Record First Quarter Revenue of $497.8 Million
06:01 AM EDT, 04/27/2023 (MT Newswires) -- Mullen Group Brief: Record first quarter revenue of $497.8 million
RBC Capital on Canadian Trucking and Diversified Industrials Q1/23 Preview
02:08 PM EDT, 04/12/2023 (MT Newswires) -- RBC Capital has updated its Q1 estimates to account for recent trends and its own channel checks in the transport and diversified industrials sectors. RBC is
National Bank Provides Overview of Performance of Rail, Trucking, Air Freight Sectors
12:13 PM EDT, 04/05/2023 (MT Newswires) -- National Bank on Tuesday provided an overview of the performance of rail, trucking, and air freight sectors. For the general freight trends, the bank said th
National Bank Assumes Coverage of Mullen Group With Outperform Rating
11:20 AM EDT, 03/14/2023 (MT Newswires) -- National Bank said Monday that it is assuming coverage of Mullen Group Ltd. (MTL.TO) with an outperform rating and an $18.50 target. "Canadian trucking volum
Mullen Group Brief: Announcing Renewal of Normal Course Issuer Bid
06:01 AM EST, 03/08/2023 (MT Newswires) -- Mullen Group Brief: Announcing Renewal of Normal Course Issuer Bid
Mullen Group Downgraded to Hold at TD
11:17 AM EST, 12/21/2022 (MT Newswires) -- Mullen Group Ltd. (MTL.TO) was downgraded to Hold from Buy at TD Securities on Wednesday. Analyst Tim James maintained a price target of $17 on shares of the
Mullen Group Says Sold Additional Non-Core Assets
06:11 AM EST, 12/16/2022 (MT Newswires) -- Mullen Group (MTL.TO), a North American logistics provider, overnight Thursday said it has closed an additional agreement with a third party to sell property
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