News Review: Steel Dynamics, Inc. (NASDAQ:STLD), Halliburton Company (NYSE:HAL), Dow Chemical Co (NYSE:DOW)

On Monday, Shares of Steel Dynamics, Inc. (NASDAQ:STLD), added 2.73% and closed at $33.16 in the last trading session. The last trading range of the stock ranges between $31.57 and $33.26. 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 deck products in the United States and internationally. The company operates through Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations segments. 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, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections. This segment offers its products for automotive, construction, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, administration, marketing, brokerage, and consulting services related to the scrap industry. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel decks mainly for the non-residential construction industry.

Halliburton Company (NYSE:HAL), jumped 0.27% and closed at $48.14 in the last trading session. The last trading range of the stock ranges between $47.34 and $48.54. The company’s Market capitalization is $40.93 Billion with the total Outstanding Shares of 864.45 million. Halliburton (HAL) will host a conference call on Monday, January 23, 2017, to discuss the fourth quarter 2016 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).

The company will issue a press release regarding the 2016 fourth quarter earnings before the conference call. Halliburton’s fourth quarter press release will be posted on the Halliburton website.

Dow Chemical Co (NYSE:DOW), lost -0.30% and closed at $53.46 in the last trading session. The last trading range of the stock ranges between $53.07 and $54.07. Company  stock’s 52-week range is $40.26 – $57.10 Chromatin Inc., an agriculture technology company, has signed an exclusive license agreement for unique sorghum genetic stocks developed by Agrigenetics Inc., an associate of Dow AgroSciences LLC, a wholly owned partner of The Dow Chemical Company (DOW).

Under the license agreement, Chromatin is deploying Dow AgroSciences’ sorghum technology to launch new, market-leading products in multiple key sorghum markets outside of the United States. “Chromatin has assembled and developed the industry’s leading product pipeline for sorghum,” said Daphne Preuss, CEO, Chromatin. “The materials licensed from Dow AgroSciences add critically important genetic diversity and allow Chromatin to bring higher yielding crops to our international customers.”

“At Dow AgroSciences, our innovative sorghum hybrids have wide adaptability around the world, and this agreement with Chromatin will assist meet the demand for new products with higher yield and stability in sorghum-growing geographies,” said Rolando Meninato, vice president, Seeds, Dow AgroSciences.

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