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Tag: steel
U.S. Steel cancels expansion projects
2014-09-17 01:53:30| Steel - Topix.net
United States Steel Corp. announced Tuesday it plans to forgo two expansion projects, saving the steel manufacturer more than $800 million. In addition, the board of directors of U.S. Steel's Canada subsidiary has voted to apply for financial relief from creditors.
Tags: projects
steel
expansion
cancels
Why AK Steel (AKS) Stock Is Gaining Today
2014-09-16 22:49:19| Steel - Topix.net
Market Realist analyst Mark O'Hara recently wrote a note detailing that he believes AK Steel is set to experience major growth since the automotive sector, which accounts for the majority of AK Steel's revenue, has been growing at a steady rate that is expected to continue into the near term. However, O'Hara also noted that such revenue stream concentration could prove to be costly if there is an unexpected downturn in the automotive industry.
Tags: today
stock
steel
gaining
AK Steel - Analysts Remain Bullish, I Remain Cautious
2014-09-16 18:48:50| Steel - Topix.net
I continue to shun shares amidst the leverage, lack of current earnings, poor long term growth trajectory and terrible value creation track record. Investors in AK Steel have seen very strong returns over the past year amidst a historically very difficult industry in which to create shareholder value.
Tags: remain
steel
analysts
cautious
Nucor buying Gallatin Steel for about $770M
2014-09-16 10:21:18| Steel - Topix.net
Steel company Nucor is buying Gallatin Steel Co. for about $770 million, which will expand Nucor's footprint in the Midwest.
Tags: buying
steel
gallatin
nucor
Nucor to acquire Gallatin Steel in $770 million deal
2014-09-16 10:21:17| Steel - Topix.net
Charlotte-based steel manufacturer Nucor Corp. has agreed to purchase Gallatin Steel Co.
Tags: million
deal
steel
acquire
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