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Pre-Earnings Options Bears Blast United States Steel Corporation
2015-01-22 21:29:47| Steel - Topix.net
At last check, the stock was down 1.3% at $21.77 in the wake of the news, and options traders are calling for more downside. Taking a quick step back, puts are trading at 1.2 times what's typically seen at this point in the day.
Tags: united
options
states
united states
UPDATE 1-U.S. Steel to lay off 545 more people, to idle 2 U.S. plants
2015-01-22 04:00:35| Steel - Topix.net
United States Steel Corp said on Wednesday it would idle plants in Illinois and Indiana, resulting in the layoff of 545 people, due to weak demand from the oil industry. The step comes after the company announced earlier this month it would idle its pipe manufacturing plant in Lorain, Ohio, and lay off 614 workers.
Worthington Acquires Rome Strip Steel
2015-01-21 23:55:58| Steel - Topix.net
Worthington Industries, Inc., Columbus, Ohio, has acquired Rome Strip Steel Co. Rome manufactures cold-rolled strip steel to extremely tight tolerances, primarily for the automotive industry.
Tags: steel
strip
rome
acquires
AK Steel: An Undervalued Attractive Investment Opportunity
2015-01-21 18:51:15| Steel - Topix.net
AK Steel looks well-positioned to cater to the growing market. Its acquisition of Dearborn has not only improved the company's operational flexibility but has also strengthened its financial position.
Tags: opportunity
investment
steel
attractive
Worthington Industries Finalizes Rome Strip Steel Purchase
2015-01-21 11:30:58| Industrial Newsroom - All News for Today
COLUMBUS, OH Worthington Industries, Inc. (NYSE: WOR) today announced that it has completed its acquisition of Rome Strip Steel Company, Inc. Located in Rome, N.Y., Rome manufactures cold rolled steel to extremely tight tolerances, primarily for the automotive industry. The business will be integrated into the...
Tags: purchase
steel
industries
strip
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