Steel news continually updated from thousands of sources around the net.
2 hrs ago | DNA India
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.
2 hrs ago | Rediff.com
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.
4 hrs ago | Bloomberg
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.
8 hrs ago | Business Journal
Peet's Coffee made its Central Ohio debut last year in former Caribou Coffee shops, but is now scaling back.
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.
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.
The acquisition also includes a cokemaking facility and interests in three joint ventures that process flat-rolled steel products.
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.
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.
Good day, and welcome to the Steel Dynamics Second Quarter 2014 Earnings Conference Call.
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.
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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.
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.
Allergan net soared 16%. BB&T netplunged 22%. Genuine Parts profit slid 9%. Halliburton net surged 20%.
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%.
Updated: Thu Jul 24, 2014 10:59 am
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