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Former U.S. Steel CEO reappointed to Cleveland Fed deputy chairmanship
2015-01-13 15:19:26| Industrial Machines - Topix.net
Former United States Steel Corp. Chairman John P. Surma has been named deputy chairman of the board of the Federal Reserve of Cleveland. Surma has been on the board since 2013, the same year he retired as chairman and chief executive officer of Pittsburgh-based U.S. Steel .
Former U.S. Steel CEO reappointed to Cleveland Fed deputy chairmanship
2015-01-13 15:19:25| Industrial Machines - Topix.net
Former United States Steel Corp. Chairman John P. Surma has been named deputy chairman of the board of the Federal Reserve of Cleveland.
Deutsche Bank Lowers United States Steel Price Target to $55.00
2015-01-12 23:55:20| Steel - Topix.net
The firm currently has a "buy" rating on the stock. Deutsche Bank's price target points to a potential upside of 123.85% from the company's current price.
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Esmark on track to acquire former U.S. Steel plant in Serbia
2015-01-12 22:50:27| Steel - Topix.net
Sewickley-based Esmark is the winner of a bid for a Serbian steel works plant once owned by United States Steel Corp. The Serbian government will now negotiate with Esmark and its European firm Esmark Europe BV on the terms of a deal to acquire an 80.1 percent stake in the A1 2elezara Smederevo Steel Works, which includes two blast furnaces, a tin-plate fabrication facility and a processing plant. A purchase price hasn't been announced, although Esmark expects to spend $400 million over five years to upgrade the facility and $28 million right away.
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United States Steel (X) Stock Declines Today as Chinese Rebar, Iron Ore Futures Fall
2015-01-12 19:35:42| Steel - Topix.net
The slowing demand for iron ore further weighed down the raw material used to make steel. Iron ore has been suffering from a growing supply in recent weeks.
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