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Tag: steels
Tata Steel's recent plans credit positive: Moody's
2014-10-20 12:15:58| Steel - Topix.net
Tata Steel's decision to sell its long product business in the UK and its bank debt refinance plan will be credit positive and alleviate funding pressure, Moody's Investors Service said today. "The sale would be credit positive for Tata Steel UK Holdings because it would dispose off loss-making assets, while its refinancing alleviates funding pressure for the next six years," the financial research firm said in its Credit outlook for the company.
Tags: recent
credit
positive
plans
A Few Reasons Why AK Steel's Growth Momentum Should Continue
2014-10-01 06:04:13| Steel - Topix.net
AK Steel released good second quarter results, since the company managed to narrow its loss by a big margin. The company surprised investors with unexpected growth in the profit.
Tags: should
continue
growth
reasons
Fitch Affirms U.S. Steel's IDR at 'BB-'; No Impact from U.S. Steel Canada Filing
2014-09-19 03:42:28| Steel - Topix.net
A full list of rating actions follows at the end of this release. On Sept. 16, 2014, U.S. Steel Canada Inc., an indirect wholly owned subsidiary of U.S. Steel, applied for relief from its creditors under Canada's Companies' Creditors Arrangement Act.
Nippon Steel's Nagoya plant searched by police after fire
2014-09-17 11:29:18| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp's Nagoya steel plant was searched by police on Wednesday, following a fire earlier this month, a spokesman at Japan's biggest steelmaker said. Fifteen workers were injured at the plant, which produces about 15 percent of the company's steel output, when a fire broke out on Sept.
Tags: fire
police
plant
searched
Why A.K. Steel's Pullback Is A Buying Opportunity
2014-09-16 01:00:18| Steel - Topix.net
A.K. Steel has dropped more than 15% in the last three weeks after announcing that its results will be affected by a furnace shutdown. A.K. Steel has been on a terrific run for the past year, appreciating close to 130%.
Tags: opportunity
buying
steels
pullback
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