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Why Steel Dynamics (STLD) Was Downgraded
2014-02-25 01:06:34| Steel - Topix.net
Analyst Philip Gibbs wrote, "We are downgrading shares of Steel Dynamics, Inc. to HOLD from BUY on valuation [blended EV/EBITDA multiple on our 2014/2015 expectations of 6.8x vs. normalized range of 5-8x] and more cautious near-term expectations as flat rolled spreads decline and Metals Recycling profitability struggles in 1H14."
Tags: steel
dynamics
downgraded
stld
AK Steel, union reach agreement
2014-02-24 21:01:51| Steel - Topix.net
West Chester-based steel giant AK Steel has reached a three-year agreement with the United Steelworkers Local 169 for workers at its Mansfield, Ohio plant, the company announced Monday.
Tags: agreement
reach
union
steel
US Steel, Commercial Metals, Steel Dynamics cut to Hold from Buy at KeyBanc
2014-02-24 16:57:12| Steel - Topix.net
CMC and STLD are downgraded based on valuation and more cautious near-term expectations, as flat rolled spreads decline and metals recycling profitability struggles in H1.
Tags: buy
commercial
hold
cut
Silencing China's zombie steel mills no solution for smog
2014-02-24 07:08:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Reforming the bloated steel sector in northern China's Hebei province is a key part of Beijing's efforts to cut air pollution - but it is the market, not the government, that is doing most of the work. That undermines state media claims that the government is going the extra mile to clean up Hebei, China's biggest steel producer and home to seven of the 10 most polluted cities in the country, environmentalists and industry experts said. Stirred by growing public anger over smog that often spreads...
Tags: solution
steel
mills
zombie
U.S. Steel Canada Selling Bar, Bloom and Billet Mi
2014-02-23 03:21:02| Steel - Topix.net
U.S. Steel Canada Inc., a wholly owned subsidiary of United States Steel Corp., will sell the No.
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