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Tag: steel
KeyBanc Downgrades Olympic Steel to Overweight
2015-09-21 14:41:03| Steel - Topix.net
A number of other brokerages also recently weighed in on ZEUS. Jefferies Group restated a "hold" rating and set a $17.00 price objective on shares of Olympic Steel in a report on Monday, June 15th.
Tags: steel
olympic
overweight
downgrades
Steel Dynamics to Expand Its Fabrication Operations with Decking Asset Acquisition
2015-09-21 12:31:12| Industrial Newsroom - All News for Today
FORT WAYNE, Ind., - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that it purchased from Consolidated Systems, Inc. ("CSi"), certain of its steel decking facilities (including associated assets) and net working capital of approximately $30 million, for a purchase price of $45 million in cash. The...
Tags: expand
operations
steel
acquisition
How Nucor Stacks Up Against The Other Major Steel Producers
2015-09-21 09:41:30| Steel - Topix.net
Nucor Corporation is now the largest steel company in the United States, while also ranking globally as the most valuable steel company with a market capitalization of $12.9 billion. NUE's stated strategy of becoming more vertically integrated with its new Direct Reduced Iron plant in Louisiana will result in generally less volatile production costs, further enhancing NUE's position as a low-cost producer in the industry.
Tags: major
steel
producers
stacks
AK Steel Holding Receives Overweight Rating from Citigroup Inc.
2015-09-21 08:36:18| Steel - Topix.net
's stock had its "overweight" rating reissued by stock analysts at Citigroup Inc. in a report issued on Sunday, MarketBeat.com reports. Several other analysts have also recently weighed in on the stock.
Tags: inc
rating
holding
steel
Steel Dynamics Provides Third Quarter 2015 Earnings Guidance and...
2015-09-19 12:27:22| Steel - Topix.net
Prior year third quarter earnings included acquisition costs and purchase accounting adjustments related to the Severstal Columbus acquisition of Profitability from the company's steel operations for the third quarter 2015 is expected to be slightly improved in comparison to the sequential second quarter 2015 results, based on modest overall metal spread expansion offset by slightly lower steel shipments. Overall average product pricing is expected to be relatively unchanged in the quarter.
Tags: steel
quarter
guidance
dynamics
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