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United States Steel Price Target Increased to $45.00 by Analysts at Cowen and Company
2014-09-08 18:21:47| Steel - Topix.net
Cowen and Company's price target would suggest a potential upside of 12.11% from the company's current price. United States Steel traded down 0.90% on Monday, hitting $39.78.
Tags: price
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AK Steel offers shares, bonds to fund $700M Michigan plant purchase
2014-09-08 17:23:06| Steel - Topix.net
AK Steel Holding Corp. is issuing 35 million shares of common stock and offering $430 million in bonds to finance its $700 million acquisition of Severstal Dearborn LLC in Michigan. The West Chester-based steelmaker on Monday said any additional proceeds from the two would repay borrowings under its asset-backed revolving credit facility and be used for general corporate purposes.
Tags: offers
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Why AK Steel (AKS) Stock Is Down Today
2014-09-08 17:23:05| Steel - Topix.net
The steelmaker announced it will offer 35 million shares of common stock in a public offering. The underwriters of the offering will have a 30-day option to buy up to 5.25 million additional shares of common stock.
Tata Steel to make high grade steel for premium cars
2014-09-06 03:40:59| Steel - Topix.net
Tata Steel is looking at cashing in on the turnaround in Automobile sales and is fast preparing the groundwork to create capabilities in manufacturing critical components for high-end cars for the domestic market, a senior official told dna. "The perceptions are changing.
Nippon Steel hopes to restart Nagoya plant as soon as possible
2014-09-05 10:13:45| Steel - Topix.net
Japan's top steel maker Nippon Steel & Sumitomo Metal Corp said on Friday it hopes to restart its Nagoya steel plant as soon as possible after it was shutdown due to a fire on Wednesday, but it did not have a definite timetable. The company received permission from local police and the prefectural government on Thursday to resume operations at the plant, except for a coke oven and its related facilities where the fire started, on condition it ensured safety and soundness of the facilities, a Nippon Steel spokeswoman said.
Tags: possible
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