NEW YORK, October 26, 2016 /PRNewswire/ --

www.Financialbuzz.com - Steel manufacturing has reemerged as a hot sector. The global steel industry at least for now, is attracting investors back as China's Baoshan Iron & Steel Co. has started the earnings season for the recent quarter with a jump in profit. Steel producers in Asia, Europe and the U.S. are likely to see similar results. Petrone Worldwide Inc. (OTC: PFWI), Alcoa Inc. (NYSE: AA), ArcelorMittal SA (NYSE: MT), AK Steel Holding Corporation (NYSE: AKS), Gerdau SA (NYSE: GGB).

Steel prices rebounded somewhat this year, largely after China's government took measures after infrastructure waste and metal production glut. As steel is used across a very varied range of industries, the possible revival of steel manufacturers makes smaller companies in the sector a potential acquisition target, or a desirable partner for business expansion.

In recent news, Petrone Worldwide Inc. (OTC: PFWI) announced that it has expanded its business with Dewan & Sons by signing a new strategic partnership. Dewan & Sons is a manufacturer in India focused on the production of articles of Brassware, Copperware, galvanized & wrought iron, aluminum ware, stainless steel utensils, EPNS and EPSS for luxury brands and mass merchandisers in North America and Europe in the houseware, furnishings marketplace. The company's products ranges from classic stainless steel bowls to beautifully shaped brass pots and vases. 

Petrone Worldwide Inc. is an importer and distributor of commercial grade tableware products, decorative hotel guest room amenities, lavatory and bathroom fixtures and furniture, food and beverage service items, and trendy accessories for the Asian and the European marketplaces. The Company's brands include Front of the House and Room 360.

Petrone Worldwide Inc. is a supplier of food, beverage and culinary equipment to several large and popular worldwide hotel chains such as Marriott, The Four Seasons, Hilton, Hyatt and Starwood as stated per the company.

Alcoa Inc. (NYSE: AA) engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The company has an impressive list of clients among them is Boeing, with which Alcoa won a major contract earlier this year. According to the contract Alcoa will supply components for the 777X-Boeing's newest commercial airplane-the 737 MAX-scheduled for first delivery in 2017-and the 787 Dreamliner.

AK Steel Holding Corporation (NYSE: AKS) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products. On October 25th the company reported quarterly earnings, beating analysts' expectations. Over all, AK Steel reported a third-quarter profit of $50.9 million, or 21 cents a share, up sharply from $6.7 million, or 4 cents a share, a year earlier.

Companies with a focus on international sales and operations, like Gerdau SA (NYSE: GGB) and ArcelorMittal SA (NYSE: MT) have also been in focus. Gerdau is a manufacturer of long carbon steel, long special steel, flat steel and forged and cast parts in the North and South America and it is considered to be the main supplier of specialty steel for the global automotive market. ArcelorMittal SA is an integrated steel and mining company which operates through five segments: NAFTA, Europe, Brazil, Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

For "The Latest Buzz in Financial News", SIGN UP & Visit: http://www.FinancialBuzz.com

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com    

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and pr marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has been compensated six thousand dollars for financial news dissemination and pr services by a nonaffiliated third party for petrone worldwide inc. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:
Media Contact: Danny A, info@financialbuzz.com, +1-877-601-1879

SOURCE FinancialBuzz.com

Copyright 2016 PR Newswire

Gerdau (NYSE:GGB)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Gerdau Charts.
Gerdau (NYSE:GGB)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Gerdau Charts.