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Steel News

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

3 min ago | Business Journal

First Financial gets OK for Columbus deals

First Financial Bancorp has earned regulatory approval for its purchases of Insight and First Bexley banks in Columbus, the Cincinnati company said 40 days after notifying investors that both deals would be delayed.

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Related Topix: Columbus, OH, Banking, First Financial Bancorp, Financial Services, Bexley, OH, Cincinnati, OH, Industrial Machines, Mining, Worthington Inds

3 min ago | Business Journal

First Financial gets OK for Insight, First Bexley deals

First Financial Bancorp has earned regulatory approval for its purchases of Insight and First Bexley banks, the Cincinnati company said 40 days after notifying investors that both deals would be delayed.

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Related Topix: Banking, First Financial Bancorp, Financial Services, Industrial Machines, Mining, Worthington Inds, Westerville, OH

2 hrs ago | Forbes.com

AK Steel Loss Likely to Narrow

AK Steel is expected to book a narrower loss than a year ago when it reports second-quarter earnings on Tuesday, July 29, 2014.

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Related Topix: AK Steel Holding, Mining, Financial Markets

5 hrs ago | Weirton Daily Times

James Allen

Born on Oct. 23, 1925, in Dover, OH. Jim was the son of the late James A. and Edna Connell Allen.

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Related Topix: Weirton, WV, US Military, US Navy, US News, US Air Force, Mining, Weirton Steel

8 hrs ago | The Globe and Mail

Premarket: Euro hit, shares subdued after downbeat German data

A worker controls a tapping of a blast furnace at Europe's largest steel factory of Germany's industrial conglomerate ThyssenKrupp AG in the western German city of Duisburg in this file photo.

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Related Topix: ThyssenKrupp AG, Mining

11 hrs ago | Reuters

Nucor 2nd-qtr earnings rise with shipments, prices

U.S. steelmaker Nucor Corp reported a rise in second-quarter earnings on Thursday as shipments and average prices increased from a year earlier.

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Related Topix: Nucor, Mining

Thu Jul 24, 2014

OregonLive.com

Ryan Adams tickets on sale tomorrow; Phish tickets available August 8

Phish performs during the Bonnaroo Music and Arts Festival in Manchester, Tenn., Sunday, June 10, 2012.

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Related Topix: Phish, Pop/Rock, Oregon, Mining, Schnitzer Steel Industries, Music, Entertainment

MSN Money

Nucor confident of favorable rulings vs steel import "tsunami"

Emboldened by a recent favorable ruling for U.S. steelmakers in a steel pipe trade case, Nucor Corp said on Thursday it was confident the industry was poised for more success in future cases as it works to stem "a tsunami of imported steel."

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Related Topix: Nucor, Mining

Finance and Commerce

Nucor profit exceeds estimates

Nucor Corp., the most valuable U.S. steelmaker, reported second-quarter earnings that beat analysts' estimates as steel prices rose and U.S. construction markets improved, boosting the company's revenue from products used in building.

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Related Topix: Nucor, Mining

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.

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

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.

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Related Topix: Steel Authority of India, Mining

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.

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

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.

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

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.

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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.

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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.

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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.

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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.

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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

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