Steel Tube traded at 0.66 this Monday February 2nd, decreasing 0.01 or 1.49 percent since the previous trading session. Looking back, over the last four weeks, Steel Tube lost 3.13 percent. Over the last 12 months, its price fell by 20.48 percent. Looking ahead, we forecast Steel Tube to be priced at 0.66 by the end of this quarter and at 0.62 in one year, according to Trading Economics global macro models projections and analysts expectations.
Steel & Tube Holdings Limited is engaged in the business of distribution, processing and fabrication of steel, plastic and allied products. The Company's segments are steel and stainless distribution and processing roofing products, reinforcing and wire businesses and fastenings and plastics businesses. It offers a portfolio of stainless steel products, including coil, sheet, plate, pipe, hygienic tube and associated fittings, and a range of structural bar, handrail and architectural products. Its industrial products include grinding discs and cut off wheels; Loctite, Bostik adhesives and sealants; anti-luce fittings; stainless steel hose clips; grease nipples; power bits and nutsetters; and circlips, cotter pins, tension pins, dowell pins, shaft collars and recoils. Its product range also includes a range of brands, such as Hurricane and Atlas, as well as new seismic products. The Company also supplies fabricated reinforcing steel meshes, bars, ties, piles, beams and columns.