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One Reason AK Steel (AKS) Stock Is Up Today
2014-12-04 20:39:57| Steel - Topix.net
The company said the blast furnace returned to full production after about four weeks of planned outage. The furnace's current production is "significantly above" production levels before the outage.
Indian government to sell off 5% stake in Steel Authority of India
2014-12-04 05:11:31| Steel - Topix.net
Notice of Offer for Sale of equity shares of Steel Authority of India Limited by its Promoter, the President of India, acting through the Ministry of Steel, Government of India, through the stock exchange mechanism The government said in the Dec. 3 filing that it is selling up to 206,526,264 shares with a face value of 10 Indian rupees each. Under the offer, 10% of the shares have been set aside for retail investors, who can subscribe for shares worth up to 200,000 rupees at a 5% discount to the bid price.
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Evraz Steel ordered to remove contaminated soil along Willamette River bank
2014-12-04 00:21:05| Waste Management - Topix.net
The Oregon Department of Environmental Quality will require Evraz Oregon Steel Mills to remove contaminated soil along the Willamette River bank near its North Portland plant. DEQ announced Evraz must dig down one to five feet below the surface to remove soil contaminated with PCBs and metals, and cover the site with river rock.
Japan's Nippon Steel, Kobe Steel to cut stakes in each other
2014-12-03 16:42:34| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp and Kobe Steel Ltd said on Wednesday they will reduce stakes in each other to raise funds for expansion overseas and for improving competitiveness. The companies built up equity stakes in each other as part of alliances to share resources for production, a common arrangement even among competitors in Japan.
Why Nucor Looks Like A Good Investment Despite Weakness In The Steel Market
2014-12-03 01:04:26| Steel - Topix.net
The short-term outlook for the steel market looks weak, but strong pricing should help Nucor keep its financials in good shape in the long run. Nucor is expanding capacity in order to benefit from an improvement in steel demand in the long run, but it is lowering capital expenses as well.
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