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Steel News

Steel news continually updated from thousands of sources around the net.

2 hrs ago | DNA India

Omar Abdullah cancels land allotment to SAIL for failing to start project

Jammu and Kashmir government on Thursday directed cancelling of the land allotment to Steel Authority of India Limited at Lassipora Industrial Estate as the public sector company failed to start project work even after several years.

Comment?

Related Topix: India, World News, Steel Authority of India, Mining

2 hrs ago | Rediff.com

Govt's stake sale plans set for a Diwali boost

Apart from these two, the department of disinvestment has identified about a dozen other companies in which the government could offload shares this financial year.

Comment?

Related Topix: Steel Authority of India, Mining

4 hrs ago | Bloomberg

How Hooters Came to Symbolize Bond Market's Desperation

Buyers of asset-backed bonds are embracing newcomers to gain a little more yield and snapping up debt guaranteed by everything from chicken-wing sales to computer leases.

Comment?

Related Topix: Financial Markets, Computers, Dell, Manufacturing, Industrial Machines, Kubota, Construction, John Deere

8 hrs ago | Business Journal

Morning Roundup: Peet's Coffee closings, fire fighters worried about...

Peet's Coffee made its Central Ohio debut last year in former Caribou Coffee shops, but is now scaling back.

Comment?

Related Topix: Ohio, Drink, Coffee, University of Dayton, Industrial Machines, Mining, Worthington Inds, Worthington, OH, Columbus, OH

12 hrs ago | The Washington Post

BlackRock Sees Revival as Roads Attract Tata: Corporate India

Billionaires Anil Ambani and Ajay Piramal are joining the Tata Group in seeking distressed Indian road projects offered by debt-laden builders amid Prime Minister Narendra Modi's plan to boost infrastructure spending.

Comment?

Related Topix: Automakers, Mining, Tata Motors, Anil Ambani, Tata Group, Business News

Wed Jul 23, 2014

Seeking Alpha

Improving Results, Markets, And Operations For Steel Dynamics

Acquiring Severstal's Columbus mill is a major coup for the company, significantly expanding overall capacity, diversifying the geographical asset base, and adding higher-margin product capabilities.

Comment?

Related Topix: Steel Dynamics, Mining, Columbus, MS, Nucor

Bloomberg

Tata Steel Said to Seek $5.6 Billion Corus Debt Refinance Loan

Tata Steel Ltd. hired banks to raise the equivalent of $5.6 billion, the most since the acquisition of Corus Group Plc in 2007, to refinance debt taken to fund the purchase of Europe's second-largest steelmaker.

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Related Topix: Corus Group, Financial Markets

Hispanic Business

AK Steel to Acquire Severstal Dearborn

The acquisition also includes a cokemaking facility and interests in three joint ventures that process flat-rolled steel products.

Comment?

Related Topix: AK Steel Holding, Mining

Recycling Today

Severstal North America sells steel assets

The steel company Steel Dynamics Inc. , headquartered in Fort Wayne, Indiana, has signed a definitive agreement to acquire 100 percent of Severstal Columbus LLC from Russia-based OAO Severstal for $1.625 billion in cash.

Comment?

Related Topix: Mining, Steel Dynamics, Columbus, MS, AK Steel Holding

Business Journal

U.S. Steel Corp. names Darragh acting controller

United States Steel Corp. has appointed Colleen Darragh acting controller, serving as principal accounting officer of the Pittsburgh-based company until a successor is elected or appointed, according to a filing with the Securities and Exchange Commission.

Comment?

Related Topix: Darragh, PA, United States Steel, Mining, Corporate / Securities Law, Law

Forbes.com

YieldBoost Nucor Corp. From 2.9% To 5.8% Using Options

Corp. looking to boost their income beyond the stock's 2.9% annualized dividend yield can sell the January 2016 covered call at the $57.50 strike and collect the premium based on the $2.20 bid, which annualizes to an additional 2.9% rate of return against the current stock price , for a total of 5.8% annualized rate in the scenario where the stock ... (more)

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Related Topix: Nucor, Mining, Financial Markets

Tue Jul 22, 2014

Seeking Alpha

Steel Dynamics' (STLD) CEO Mark Millett on Q2 2014 Results - Earnings Call Transcript

Good day, and welcome to the Steel Dynamics Second Quarter 2014 Earnings Conference Call.

Comment?

Related Topix: Steel Dynamics, Mining

Hispanic Business

Steel Dynamics Inc Files (8-K) Disclosing Entry into a Material...

STEEL DYNAMICS INC FILES Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events, Financial Statements and Exhibits , both have guaranteed the obligations and performance of Seller under the Purchase Agreement.

Comment?

Related Topix: Steel Dynamics, Mining

Hispanic Business

eResearch Highlights NASDAQ Volume Leaders for Monday, July 21

For Facebook, Inc. Apple Inc. Microsoft Corporation Intel Corporation PowerShares QQQ Trust, Series 1 Sirius XM Holdings Inc. Cisco Systems, Inc. Steel Dynamics, Inc. Glu Mobile Inc. Access the report here: NASDAQ Daily Volume Leaders for eResearch.ca is a primary source for professional investment research, focused on small- and mid-cap companies.

Comment?

Related Topix: Biotech, Medicine, North American Scientific, Medical Equipment, Healthcare Industry, Apple, Startups, Cisco Systems, Mining, Steel Dynamics, Glu Mobile

Weirton Daily Times

AK Steel new owner at Follansbee

Brooke County officials are watching developments with two local steel mills, with one expected to gain a new owner and another at risk of being downsized.

Comment?

Related Topix: Mining, AK Steel Holding, Follansbee, WV, Brooke County, WV, Wheeling, WV, Economics News, Bankruptcy

Business Journal

Morning Roundup: Express getting new CEO, cigar shops upset with FDA, and buy a phone - get a drone

Express CEO Michael Weiss ready to retire, cigar shops are upset about potential tighter FDA regulation, AK Steel buys another steelmaker, Hilliard building a new recreational hub for the community, Care Bears comic books are now a thing, and Sprint to sell drones with phones.

Comment?

Related Topix: Healthcare Law, Law, Mining, AK Steel Holding, Ohio, Smoking, Medicine, Health

Post-gazette.com

Dateline Pittsburgh: 07/22/14

The Disciplinary Board of the Supreme Court of Pennsylvania announced the appointment of attorney Stephan K. Todd as vice chair.

Comment?

Related Topix: Fulton County, GA, Atlanta, GA, United States Steel, Mining

Mon Jul 21, 2014

Ticker

Steel Dynamics Jumps; AK Steel, BB&T, Hasbro, Manpower Fall

Allergan net soared 16%. BB&T netplunged 22%. Genuine Parts profit slid 9%. Halliburton net surged 20%.

Comment?

Related Topix: Hasbro, Toys, Mining, Steel Dynamics, Manpower, Human Resources, Allergan, Biotech, Automakers, Retail, Auto Parts, Genuine Parts, Halliburton, Oil & Gas, Energy

SchaeffersResearch.com

Options Radar: AK Steel, Crocs, Inc., and GameStop Corp.

Meanwhile, in the options pits, AKS call volume is more than tripling the expected intraday amount, and the stock's 30-day at-the-money implied volatility has jumped 9.1% to 53%.

Comment?

Related Topix: Retail, GameStop, Mining, AK Steel Holding, Dearborn, MI, Day Trading, Financial Markets, Personal Finance

Sys-Con Media

Worthington Elevates Rose to Executive Vice President

Worthington Industries Inc. Chairman and CEO John McConnell announced today that Andy Rose has been promoted to executive vice president in recognition of his expanded leadership role and contributions to the Company over the last 5 1/2 years.

Comment?

Related Topix: Industrial Machines, Mining, Worthington Inds

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