The USITC found that imports of hot-rolled steel products have caused material injury to the U.S. steel industry and has affirmed most of the duties on these imports.
On Jun 7, 2016, we issued an updated research report on premium railroads manufacturing firm LB Foster Co. (FSTR).
Steel giant, ArcelorMittal (MT) announced that it has entered into a deal to divest its LaPlace and Vinton Long Carbon facilities in the U.S. to an affiliate of Black Diamond Capital Management.
AK Steel Holding Corporation (AKS) announced that members of the United Auto Workers (UAW), Local 3462, have ratified a new three-and-a-half year labor agreement.
AK Steel Holding Corporation (AKS) has announced a hike in the current spot market base prices of all carbon flat-rolled steel products by at least $30 per ton.
We issued an updated research report on Gerdau S.A. (GGB) on Mar 18, 2016.
Shares of Reliance Steel (RS) clocked a new 52-week high of $70.25 on Mar 17.
Nucor (NUE) has issued its outlook for first-quarter 2016, ending Apr 2, 2016.
Gerdau S.A. (GGB) reported a net loss of R$40.9 million in fourth-quarter 2015, as against earnings of R$95.8 million (US$37.7 million) in the year-ago quarter. Revenues decreased 3.6% year over year.
A K Steel Holding (AKS) was a big mover last session with its shares rising over 12% on the day.
ArcelorMittal (MT) has declared the record date for its proposed capital increase by way of rights offering.
AK Steel (AKS) has raised current spot market base prices for all carbon flat-rolled steel products by at least $30 per ton.
We have issued an updated research report on steel maker Nucor Corporation (NUE).
Allegheny (ATI) declared that union-represented employees of its flat-rolled products business and other locations will get back to work in the week beginning Mar 13, 2016.
On Mar 4, 2016, we issued an updated research report on premium railroads manufacturing firm LB Foster Co. (FSTR).
Shiloh Industries Inc. (SHLO) reported a loss of 20 cents per share for first-quarter fiscal 2016 (ended Jan 31, 2016) versus earnings of 18 cents in the year-ago quarter. Net revenue grew 2.1% to $251.1 million.
Reliance Steel & Aluminum Co. (RS) said that James D. Hoffman has been promoted to the position of Executive Vice President and Chief Operating Officer (COO), with immediate effect.
Cliffs Natural (CLF) declared the expiration and final outcome of its private offers to some eligible shareholders for exchanging its newly issued 8.00% 1.5 Lien Senior Secured Notes due 2020.
Premium railroads company LB Foster Co. (FSTR) reported weak results for fourth-quarter 2015.