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U.S. Steel wins approval of Canadian unit restructuring
2014-10-09 05:25:00| Steel - Topix.net
The restructuring of U.S. Steel Canada Inc. will go ahead, with its parent company providing $185-million in financing to support the Canadian unit through the end of next year. The steel maker, operating under the protection of the Companies' Creditors Arrangement Act, has won approval of the Ontario Superior Court to receive debtor-in-possession financing from United States Steel Corp. President Barack Obama speaks at Millennium Steel Service in Princeton, Ind., Friday, Oct. 3, 2014, to discuss the economy as part of Manufacturing Day.
Tags: unit
steel
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How Will ArcelorMittal (MT) Stock Be Affected Today by the Sale of Gallatin Steel?
2014-10-09 01:35:20| Steel - Topix.net
The sale was completed for a total cash consideration of $770 million. The deal is part of ArcelorMittal's plan to divest its non-core assets as the world's largest steel producer faces a slowdown in Europe which accounts for nearly half of its revenues.
How Will ArcelorMittal (MT) Stock Be Affected Today by the Sale of Gallatin Steel?
2014-10-09 01:35:19| Steel - Topix.net
The sale was completed for a total cash consideration of $770 million. The deal is part of ArcelorMittal's plan to divest its non-core assets as the world's largest steel producer faces a slowdown in Europe which accounts for nearly half of its revenues.
How Will AK Steel (AKS) Stock React to Federal Government's Duties Confirmation?
2014-10-08 21:48:26| Steel - Topix.net
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Tags: stock
federal
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How Will AK Steel (AKS) Stock React to Federal Government's Duties Confirmation?
2014-10-08 21:48:25| Steel - Topix.net
The U.S. Department of Commerce said Tuesday it would impose duties on imports of non-oriented electrical steel, which is used in generators, motors, and transformers, from China, Japan, Germany, Sweden, South Korea, and Taiwan. The fees range from 6.88% for South Korean companies such as Daewoo International to up to 407.52% for some Chinese companies.
Tags: stock
federal
steel
duties
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