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Arrium to slash $100m in costs from Whyalla steel plant, cut jobs

2015-10-01 06:10:28| Industrial Machines - Topix.net

Arrium will cut jobs and overhaul operating practices at its Whyalla steel works in South Australia to save $100 million as the company rolls ahead with an auction for its prized mining consumables business. The embattled steel, mining, and materials group said on Thursday that it is seeking an additional $100 million of cost savings in its steel arm, OneSteel, on top of $60 million of previously announced cost savings from the group.

Tags: jobs costs cut steel

 

Reliance Steel & Aluminum Receives Average Rating of "Hold" from Brokerages

2015-10-01 02:43:47| Steel - Topix.net

Reliance Steel & Aluminum has been given an average recommendation of "Hold" by the eleven analysts that are presently covering the stock, MarketBeat.Com reports . Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company.

Tags: rating average hold steel

 
 

In search of the perfect steel

2015-10-01 01:00:00| Railway Technology

Track maintenance and renewal are significant cost elements for network operators, but the actual rails themselves account for very little of the bulk of that expense. According to Dr Jay Jaiswal, visiting professor at the Institute of Railway Resear

Tags: search perfect steel

 

Analysts' Weekly Ratings Updates for AK Steel Holding

2015-09-30 22:30:08| Steel - Topix.net

They now have a $3.00 price target on the stock. 9/9/2015 - AK Steel Holding is now covered by analysts at BB&T Corp..

Tags: ratings updates holding steel

 

Could the government save SSI steel?

2015-09-30 01:09:35| BBC News | Business | UK Edition

Could the government save SSI steel at Redcar?

Tags: save government steel ssi

 

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