The global iron ore mining industry is expected to see a 2.9% increase in production to 2,605.3MT in 2024, driven by growth in major producing countries like China, India, Brazil, and Australia. The industry is forecast to grow at a CAGR of 3% to reach 3,118.9MT by 2030.

The Brazilian Superior Court of Justice has rejected Tenaris's motion to revert a decision ordering Tenaris's subsidiary Confab, along with Ternium's subsidiaries, to pay an indemnification to Companhia Siderúrgica Nacional (CSN) in connection with their 2012 acquisition of a participation in Usiminas. Tenaris continues to believe the claims are unsupported and plans to file further appeals.

The Brazilian Superior Court of Justice has rejected Tenaris's motion to revert a decision ordering its subsidiary Confab, along with Ternium's subsidiaries, to pay an indemnification to Companhia Siderúrgica Nacional (CSN) related to their 2012 acquisition of a stake in Usiminas. Tenaris plans to continue defending its position through further appeals.

The Brazilian Superior Court of Justice (STJ) unanimously rejected an appeal by Tenaris subsidiary Confab Industrial S.A. and Ternium subsidiaries, upholding a decision that the T/T Group must pay Companhia Siderúrgica Nacional (CSN) compensation related to its 2012 acquisition of a stake in Usiminas. However, the STJ modified the applicable monetary adjustment mechanism and limited the applicable attorney's fees, reducing the total amount the T/T Group would have to pay if CSN prevails.

National Steel's (SID) domestic revenues decrease 7.3% y/y, while international sales increase 25.1% in Q4.

On Thursday, 369 companies hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Coca-Cola (NYSE:KO). The smallest company by market cap to hit a new 52-week low was Neptune Wellness Solns (NASDAQ:NEPT). Aethlon Medical (NASDAQ:AEMD)'s stock fell the most, as it traded down 838.3% to reach a new 52-week low. American Tower (NYSE:AMT)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low. The following stocks achieved new 52-week lows on Thursday: Bank of America (NYSE:BAC) shares hit a yearly low of $25.56. The stock was down 0.73% on the session. Bristol-Myers Squibb (NYSE:BMY) shares hit a yearly low of $55.87. The stock was down 0.2% on the session. NextEra Energy (NYSE:NEE) shares set a new yearly low of $48.23 this morning. The stock was down 3.92% on the session. American Tower (NYSE:AMT) stock dropped to a yearly low on Thursday of $155.61. Shares traded 0.0% (flat). 3M (NYSE:MMM) stock hit $86.71 on Thursday morning, setting a new 52-week low for a change of up 0.23%. General Motors (NYSE:GM) shares moved down 0.81% on Thursday to hit a new 52-week low of $30.50, drifting down 0.81%. Dominion Energy (NYSE:D) shares were down 0.36% for the day, having made a 52-week low of $40.41. DexCom (NASDAQ:DXCM) stock dropped to a yearly low on Thursday of $80.93. Shares traded up 0.6%. Agilent Technologies (NYSE:A) shares made a new 52-week low of $108.77 on Thursday. The stock was up 0.49% for the day. Sysco (NYSE:SYY) shares set a new 52-week low of $63.83. The stock traded up 0.23%. L3Harris Technologies (NYSE:LHX) shares moved up 0.01% on Thursday to hit a new 52-week low of $161.82, drifting up 0.01%. Devon Energy (NYSE:DVN) shares fell to $42.73 on Thursday, setting a new 52-week low with a shift of down 1.04%. Block (NYSE:SQ) shares hit a yearly low of $40.77. The stock was down 1.03% on the session. Extra Space Storage (NYSE:EXR) stock drifted 0.0% (flat) on Thursday morning to hit a new 52-week low of $115.23. Nokia (NYSE:NOK) stock hit a yearly low of $3.53. The stock was up 0.28% for the day. Veralto (NYSE:VLTO) shares set a new 52-week low of $72.88. The stock traded down 1.92%. Kellanova (NYSE:K) shares were down 0.26% for the day, having made a 52-week low of $51.70. Telefonaktiebolaget L M (NASDAQ:ERIC) shares hit a yearly low of $4.68. The stock was up 0.63% on the session. Clorox (NYSE:CLX) stock achieved a new 52-week low on Thursday morning, hitting $119.56 and moving down 4.38%. Sociedad Quimica Y Minera (NYSE:SQM) stock broke to a new 52-week low of $52.72 on Thursday. Shares of the company traded down 0.74%. Revvity (NYSE:RVTY) stock set a new 52-week low of $104.74 on Thursday, moving 0.0% (flat). Conagra Brands (NYSE:CAG) stock hit a new 52-week low of $25.76. The stock was down 2.0% on the session. Zebra Technologies (NASDAQ:ZBRA) stock hit $219.62 on Thursday morning, setting a new 52-week low for a change of 0.0% (flat). Insulet (NASDAQ:PODD) stock set a new 52-week low of $144.75 on Thursday, moving up 1.11%. C.H. Robinson Worldwide (NASDAQ:CHRW) shares reached a new 52-week low of $84.03 on Thursday morning, moving 0.0% (flat). Paramount Global (NASDAQ:PARAA) shares fell to $14.36 on Thursday, setting a new 52-week low with a shift of 0.0% (flat). AES (NYSE:AES) stock achieved a new 52-week low on Thursday morning, hitting $12.46 and moving down 0.76%. Service Corp Intl (NYSE:SCI) shares moved 0.0% (flat) on Thursday to hit a new 52-week low of $54.06, drifting 0.0% (flat). Ubiquiti (NYSE:UI) stock hit a yearly low of $124.65. The stock was 0.0% (flat) for the day. FMC (NYSE:FMC) stock set a new 52-week low of $63.26 on Thursday, moving 0.0% (flat). Paramount Global (NASDAQ:PARA) shares reached a new 52-week low of $11.62 on Thursday morning, moving down 0.51%. Darling Ingredients (NYSE:DAR) stock drifted down 1.88% on Thursday morning to hit a new 52-week low of $46.62. Icahn Enterprises (NASDAQ:IEP) shares set a new 52-week low of $17.93. The stock traded up 0.71%. SolarEdge Technologies (NASDAQ:SEDG) stock set a new 52-week low of $117.57 on Thursday, moving up 0.57%. Genpact (NYSE:G) stock hit a yearly low of $35.12. The stock was 0.0% (flat) for the day. Reynolds Consumer Prods (NASDAQ:REYN) stock hit $25.24 on Thursday morning, setting a new 52-week low for a change of down 0.39%. Sealed Air (NYSE:SEE) shares set a new yearly low of $30.66 this morning. The stock was 0.0% (flat) on the session. Harley-Davidson (NYSE:HOG) shares hit a yearly low of $30.69. The stock was 0.0% (flat) on the session. Envista Holdings (NYSE:NVST) shares reached a new 52-week low of $25.54 on Thursday morning, moving 0.0% (flat). Wolfspeed (NYSE:WOLF) shares fell to $33.15 on Thursday, setting a new 52-week low with a shift of down 0.2%. Huntsman (NYSE:HUN) shares set a new 52-week low of $23.08. The stock traded 0.0% (flat). Ashland (NYSE:ASH) shares were 0.0% (flat) for the day, having made a 52-week low of $78.76. Central North Airport Gr (NASDAQ:OMAB) shares set a new 52-week low of $50.24. The stock traded down 11.61%. Sibanye Stillwater (NYSE:SBSW) shares fell to $5.24 on Thursday, setting a new 52-week low with a shift of down 4.19%. Marriott Vacations (NYSE:VAC) stock achieved a new 52-week low on Thursday morning, hitting $91.62 and moving 0.0% (flat). Hertz Global Holdings (NASDAQ:HTZ) stock dropped to a yearly low on Thursday of $10.26. Shares traded down 1.21%. Alight (NYSE:ALIT) stock hit $6.37 on Thursday morning, setting a new 52-week low for a change of up 0.15%. Newell Brands (NASDAQ:NWL) shares set a new yearly low of $7.63 this morning. The stock was down 0.88% on the session. PENN Entertainment (NASDAQ:PENN) stock dropped to a yearly low on Thursday of $20.12. Shares traded down 0.58%. MP Materials (NYSE:MP) shares set a new yearly low of $17.00 this morning. The stock was down 0.23% on the session. Advance Auto Parts (NYSE:AAP) stock drifted down 1.3% on Thursday morning to hit a new 52-week low of $51.03. Companhia Siderurgica (NYSE:SID) shares set a new yearly low of $2.18 this morning. The stock was down 0.9% on the session. Lumentum Holdings (NASDAQ:LITE) shares made a new 52-week low of $41.20 on Thursday. The stock was 0.0% (flat) for the day. Bloom Energy (NYSE:BE) stock hit a new 52-week low of $10.72. The stock was down 1.67% on the session. Shoals Technologies Gr (NASDAQ:SHLS) stock hit a new 52-week low of $15.26. The stock was down 5.6% on the session. Savers Value Village (NYSE:SVV) shares were 0.0% (flat) for the day, having made a 52-week low of $15.52. Travel+Leisure (NYSE:TNL) stock set a new 52-week low of $33.86 on Thursday, moving 0.0% (flat). Prothena Corp (NASDAQ:PRTA) stock hit a new 52-week low of $44.90. The stock was 0.0% (flat) on the session. Hecla Mining (NYSE:HL) shares were up 0.27% for the day, having made a 52-week low of $3.57. Immunocore Hldgs (NASDAQ:IMCR) shares set a new yearly low of $44.76 this morning. The stock was 0.0% (flat) on the session. Envestnet (NYSE:ENV) stock drifted 0.0% (flat) on Thursday morning to hit a new 52-week low of $39.45. Papa John's International (NASDAQ:PZZA) shares hit a yearly low of $63.60. The stock was down 0.11% on the session. NextEra Energy Partners (NYSE:NEP) shares moved down 0.27% on Thursday to hit a new 52-week low of $21.59, drifting down 0.27%. Viasat (NASDAQ:VSAT) shares made a new 52-week low of $15.73 on Thursday. The stock was down 1.01% for the day. Global Net Lease (NYSE:GNL) stock broke to a new 52-week low of $8.52 on Thursday. Shares of the company traded up 1.71%. Vestis (NYSE:VSTS) stock hit $14.95 on Thursday morning, setting a new 52-week low for a change of down 3.88%. DigitalOcean Holdings (NYSE:DOCN) shares set a new 52-week low of $21.76. The stock traded up 1.34%. Driven Brands Hldgs (NASDAQ:DRVN) stock hit $11.57 on Thursday morning, setting a new 52-week low for a change of 0.0% (flat). Atlantica Sustainable (NASDAQ:AY) stock dropped to a yearly low on Thursday of $16.51. Shares traded down 0.23%. Bumble (NASDAQ:BMBL) stock broke to a new 52-week low of $13.73 on Thursday. Shares of the company traded down 0.43%. Viavi Solutions (NASDAQ:VIAV) stock hit $8.28 on Thursday morning, setting a new 52-week low for a change of 0.0% (flat). Ameresco (NYSE:AMRC) stock dropped to a yearly low on Thursday of $33.38. Shares traded 0.0% (flat). Cohen & Steers Infr Fund (NYSE:UTF) shares fell to $18.22 on Thursday, setting a new 52-week low with a shift of up 0.21%. EATON VANCE TAX (NYSE:EVT) stock dropped to a yearly low on Thursday of $20.53. Shares traded up 10.26%. Sonos (NASDAQ:SONO) stock hit a new 52-week low of $12.32. The stock was down 0.08% on the session. Hannon Armstrong (NYSE:HASI) stock set a new 52-week low of $14.42 on Thursday, moving down 2.33%. NovoCure (NASDAQ:NVCR) stock hit a new 52-week low of $14.01. The stock was 0.0% (flat) on the session. Clear Secure (NYSE:YOU) stock hit a yearly low of $16.77. The stock was down 1.93% for the day. ChargePoint Hldgs (NYSE:CHPT) shares were down 2.05% for the day, having made a 52-week low of $4.12. Ingevity (NYSE:NGVT) shares fell to $41.72 on Thursday, setting a new 52-week low with a shift of 0.0% (flat). Outfront Media (NYSE:OUT) shares set a new 52-week low of $8.72. The stock traded down 1.08%. BlackRock Health Sciences (NYSE:BMEZ) shares set a new 52-week low of $13.76. The stock traded down 0.07%. Canadian Solar (NASDAQ:CSIQ) shares reached a new 52-week low of $21.31 on Thursday morning, moving down 0.37%. Verint Systems (NASDAQ:VRNT) stock dropped to a yearly low on Thursday of $21.24. Shares traded 0.0% (flat). BlackRock Enhanced Equity (NYSE:BDJ) stock dropped to a yearly low on Thursday of $7.35. Shares traded up 0.13%. Eaton Vance Tax-Managed (NYSE:ETV) shares were up 1.18% for the day, having made a 52-week low of $11.76. Pacira BioSciences (NASDAQ:PCRX) shares were 0.0% (flat) for the day, having made a 52-week low of $28.45. Sandstorm Gold (NYSE:SAND) stock drifted down 2.72% on Thursday morning to hit a new 52-week low of $4.27. EchoStar (NASDAQ:SATS) stock broke to a new 52-week low of $14.03 on Thursday. Shares of the company traded up 2.03%. Safehold (NYSE:SAFE) stock hit $16.20 on Thursday morning, setting a new 52-week low for a change of 0.0% (flat). National Vision Holdings (NASDAQ:EYE) stock set a new 52-week low of $15.11 on Thursday, ...

Upgrades According to Morgan Stanley, the prior rating for ShockWave Medical Inc (NASDAQ:SWAV) was changed from Equal-Weight to Overweight. In the first quarter, ShockWave Medical showed an EPS of $1.03, compared to $0.39 from the year-ago quarter. The current stock performance of ShockWave Medical shows a 52-week-high of $320.00 and a 52-week-low of $172.50. Moreover, at the end of the last trading period, the closing price was at $261.77. According to B of A Securities, the prior rating for Greif Inc (NYSE:GEF) was changed from Underperform to Neutral. For the second quarter, Greif had an EPS of $1.77, compared to year-ago quarter EPS of $2.41. The current stock performance of Greif shows a 52-week-high of $74.05 and a 52-week-low of $57.38. Moreover, at the end of the last trading period, the closing price was at $68.07. For Boise Cascade Co (NYSE:BCC), B of A Securities upgraded the previous rating of Underperform to Neutral. In the first quarter, Boise Cascade showed an EPS of $2.43, compared to $7.61 from the year-ago quarter. At the moment, the stock has a 52-week-high of $91.67 and a 52-week-low of $55.14. Boise Cascade closed at $90.26 at the end of the last trading period. For Weyerhaeuser Co (NYSE:WY), B of A Securities upgraded the previous rating of Neutral to Buy. In the first quarter, Weyerhaeuser showed an EPS of $0.21, compared to $1.31 from the year-ago quarter. The current stock performance of Weyerhaeuser shows a 52-week-high of $37.35 and a 52-week-low of $27.37. Moreover, at the end of the last trading period, the closing price was at $33.45. For Sylvamo Corp (NYSE:SLVM), B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Sylvamo had an EPS of $2.51, compared to year-ago quarter EPS of $1.97. The current stock performance of Sylvamo shows a 52-week-high of $57.27 and a 52-week-low of $29.15. Moreover, at the end of the last trading period, the closing price was at $40.86. For Sealed Air Corp (NYSE:SEE), B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Sealed Air had an EPS of $0.74, compared to year-ago quarter EPS of $1.12. At the moment, the stock has a 52-week-high of $62.12 and a 52-week-low of $37.34. Sealed Air closed at $40.94 at the end of the last trading period. For BlackRock Inc (NYSE:BLK), Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. In the first quarter, BlackRock showed an EPS of $7.93, compared to $9.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $785.25 and a 52-week-low of $505.01. BlackRock closed at $684.10 at the end of the last trading period. Piper Sandler upgraded the previous rating for First Financial Bancorp (NASDAQ:FFBC) from Neutral to Overweight. First Financial Bancor earned $0.76 in the first quarter, compared to $0.46 in the year-ago quarter. The current stock performance of First Financial Bancor shows a 52-week-high of $26.72 and a 52-week-low of $17.99. Moreover, at the end of the last trading period, the closing price was at $20.56. For Patterson-UTI Energy Inc (NASDAQ:PTEN), RBC Capital upgraded the previous rating of Sector Perform to Outperform. For the first quarter, Patterson-UTI Energy had an EPS of $0.46, compared to year-ago quarter EPS of $0.13. The current stock performance of Patterson-UTI Energy shows a 52-week-high of $19.81 and a 52-week-low of $9.70. Moreover, at the end of the last trading period, the closing price was at $13.01. Barclays upgraded the previous rating for Azul SA (NYSE:AZUL) from Underweight to Equal-Weight. Azul earned $0.99 in the first quarter, compared to $1.14 in the year-ago quarter. The current stock performance of Azul shows a 52-week-high of $13.87 and a 52-week-low of $3.82. Moreover, at the end of the last trading period, the closing price was at $11.86. For Charles Schwab Corp (NYSE:SCHW), JMP Securities upgraded the previous rating of Market Perform to Market Outperform. Charles Schwab earned $0.93 in the first quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $86.63 and a 52-week-low of $45.00. Charles Schwab closed at $56.79 at the end of the last trading period. See all analyst ratings upgrades. Downgrades For Check Point Software Technologies Ltd (NASDAQ:CHKP), OTR Global downgraded the previous rating of Positive to Mixed. For the first quarter, Check Point Software had an EPS of $1.80, compared to year-ago quarter EPS of $1.57. The current stock performance of Check Point Software shows a 52-week-high of $135.93 and a 52-week-low of $107.54. Moreover, at the end of the last trading period, the closing price was at $125.03. Citigroup downgraded the previous rating for SIGNA Sports United NV (NYSE:SSU) from Neutral to Sell. The current stock performance of SIGNA Sports United shows a 52-week-high of $7.40 and a 52-week-low of $2.76. Moreover, at the end of the last trading period, the closing price was at $2.98. For Cedar Fair LP (NYSE:FUN), Citigroup downgraded the previous rating of Buy to Neutral. Cedar Fair earned $2.61 in the first quarter, compared to $1.56 in the year-ago quarter. The stock has a 52-week-high of $47.95 and a 52-week-low ...Full story available on Benzinga.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

National Steel's (SID) top line increases year over year as higher revenues in mining, energy, cement and logistics helped offset the impact of lower steel revenues.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Siderurgica Nacional (SID) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.