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S. Korean steel firms face anti-dumping suit in U.S.

2015-07-29 08:42:03| Steel - Topix.net

South Korean steelmakers have been sued by their rivals in the United States on anti-dumping charges, a trade association here said Wednesday. AK Steel and four other major U.S. steelmakers filed anti-dumping and countervailing duty petitions against South Korea and seven other countries, according to the Korea International Trade Association.

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United States Steel Corporation Reports 2015 Second Quarter Results

2015-07-29 04:27:26| Steel - Topix.net

This compared to a second quarter 2014 net loss of For a description of the non-generally accepted accounting principles measures and a reconciliation to net earnings attributable to U. S. Steel and earnings before interest and income taxes see the Non-GAAP Financial Measures section. said, "We've taken aggressive and decisive actions to address the extremely challenging conditions we continue to face in North America.

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AK Steel reports 2Q loss

2015-07-28 15:41:49| Steel - Topix.net

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.

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Steel Import Investigation Approved

2015-07-28 08:26:04| Steel - Topix.net

The United States International Trade Commission announced July 16 that investigations would continue into corrosion-resistant steel products from China, India, Italy, Korea and Taiwan. The six commissioners unanimously determined there was reasonable indication that these imports, which are alleged to be subsidized and sold in the U.S. at less than fair value, threaten the U.S. industry with material injury.

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U.S. Steel to restart Minnesota plant

2015-07-27 16:00:15| Steel - Topix.net

United States Steel is calling back the 400 employees laid-off employees at its Minntac taconite pellet plant in Iron Mountain, Minnesota, according to a report in the Minneapolis Star-Tribune . According to the report, 68 employees have returned to work so far, with the rest expected back in the next two weeks.

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