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U.S. Steel Upgraded by Credit Suisse to "Outperform"

2013-01-02 19:31:24| Steel - Topix.net

The firm currently has a $30.00 target price on the stock, up from their previous target price of $20.00. The analysts wrote, "We are upgrading our rating on the shares of United States Steel from Neutral to Outperform.

Tags: credit steel suisse upgraded

 

Sparrows Point Steel Mill to be Razed

2013-01-02 12:12:02| Steel - Topix.net

The remaining assets of the former RG Steel Mill in Sparrows Point, Md., have been sold to Nucor Corp., Charlotte, which reportedly plans to dismantle the equipment at Sparrows Point for use at other mills.

Tags: point steel mill sparrows

 
 

China Steel to Buy Stake in ArcelorMittal's Mines Canada Unit

2013-01-02 03:52:54| Steel - Topix.net

China Steel Corp. , Taiwan's biggest steelmaker, agreed to buy a $270 million stake in ArcelorMittal Mines Canada Inc.

Tags: buy canada china unit

 

Shale gas revolution a major boost for US steel sector

2013-01-01 19:28:43| Steel - Topix.net

THE US shale gas revolution, which has revitalised chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that might revive profits in the steel industry.

Tags: major gas sector steel

 

Semiannual Dividend of $0.10 Declared by National Steel Corpo

2013-01-01 02:55:25| Steel - Topix.net

National Steel Corpo announced a semiannual dividend on Monday, December 31st. Investors of record on Monday, January 7th will be paid a dividend of $0.10 per share on Monday, January 14th.

Tags: national steel declared corpo

 

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