China Precision Steel (CPSL) and Ternium (TX) Financial Analysis | 8 Inch Steel Pipe

Pre-registration is required. To register or for more information, call Northeast Community College in West Point at (402) 372-2269.

The consolidated capital expenditure plan for the 2019-2023 time period calls for $1.1 billion based on the need for additional wind and solar in rate base, capital spending for the Astoria Station natural gas-fired plant that is part of our replacement solution for Hoot Lake Plant when it is retired in 2021, technology-related investments and transmission investments, including Self-Funded upgrades. Given the increased capital expenditure plan, our compounded annual growth rate in rate base is projected to be 7.9% over the 2018 to 2023 timeframe.

Intermediate Watercolor (ARTS 5163/19S & CRN #70088) will be held Thursday, April 11, from 6-9 p.m. in the same location.

● Supply efficiency and reliability: Since 2005, SO2, NOx and mercury emitted from OTP’s fossil fuel-fired plants have decreased 42%, 69% and 80%, respectively. OTP’s efforts to increase plant efficiency and add renewable energy to its resource mix have reduced its CO2 intensity. Between 2005 and 2018 OTP decreased its overall system average CO2 emissions intensity by approximately 21%. Further reductions are expected with the planned addition of the Merricourt Wind Project and replacement of Hoot Lake Plant generation with the Astoria Station natural gas-fired generation plant in the 2021 timeframe.

NYSE TX opened at $31.34 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.01 and a quick ratio of 0.86. Ternium has a 1-year low of $25.52 and a 1-year high of $42.43. The company has a market capitalization of $6.19 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87.

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General Rates—On April 20, 2018 OTP filed a request with the SDPUC to increase non-fuel rates in South Dakota by approximately $3.3 million annually, or 10.1%, as the first step in a two-step request. Interim rates went into effect October 18, 2018. On February 5, 2019 SDPUC staff and OTP requested that the SDPUC issue a procedural schedule setting evidentiary hearings for March 26-28, 2019. The full effects of the TCJA on South Dakota revenue requirements will be addressed in the rate case and incorporated into final rates at the conclusion of that case. The second step in the request is an additional 1.7% increase to recover costs for the proposed Merricourt wind generation facility when the facility goes into service. On February 15, 2019 the Company reached a partial settlement with SDPUC staff which requires SDPUC approval.

16.4% of Ternium shares are held by institutional investors. 0.4% of China Precision Steel shares are held by insiders. Comparatively, 0.0% of Ternium shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Rapid industrialisation has led to mass urbanisation across the globe, leading to an increase in demand for both residential and commercial properties. This has fuelled investments in the global construction sector, consequently upping the demand for stainless steel welded pipes. Further, instrumentation equipment, industrial piping, water supply and transportation, and petrochemicals require complex piping solutions that necessitate the use of stainless steel welded pipes. This factor is expected to augur well for revenue growth of the global stainless steel welded pipes market in the near future.

The -17 electrodes have more silicon than the -16 electrodes, producing a more fluid weld puddle that works best for welding in the flat position. Vertical and overhead welding are possible, but they require more operator skill than a lime basic electrode because the slag does not freeze as quickly. These electrodes operate on DCEP or alternating current (AC).

This is a breakdown of current ratings and recommmendations for Ternium and China Precision Steel, as provided by MarketBeat.com.

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