AK Steel’s good times could be coming to an end

Edit Business Journal 01 Sep 2016
AK Steel Holding Corp. has been on a roll for most of this year, but that rally looks like it has come to an end in the eyes of one analysis firm. TheStreet.com’s quantitative service, which looks strictly at data to make investment decisions, downgraded AK Steel (NYSE. AKS) to a “sell” rating on Tuesday from its previous “hold” view. The West Chester-based steelmaker’s stock has more than doubled over the past seven months ... AK… ... ....

United Taconite resumes pellet production on Iron Range

Edit Rocky Mount Telegram 01 Sep 2016
EVELETH, Minn. (AP) — United Taconite has resumed producing pellets on northeastern Minnesota’s Iron Range ... That follows a 10-year supply agreement with another major steelmaker, ArcelorMittal. Information from....

USW says U.S. Steel Layoffs Jeopardize Safety (USW - United Steelworkers)

Edit Public Technologies 01 Sep 2016
(Source. USW - United Steelworkers) ... USW officials say the Pittsburgh-based steelmaker, acting on the advice of Chicago-based consultant McKinsey & Co., is seeking to replace full-time maintenance workers with independent contractors at Gary Works....

Thyssenkrupp seeks to ease dispute with steel workers

Edit Yahoo Daily News 01 Sep 2016
By Tom Käckenhoff ... "But we have to keep the antennas tuned. If there is no agreement then there will be further protests," Segerath said. Thyssenkrupp has its 19th century roots in steelmaking but the sector is now being hit by lacklustre demand and cheap imports from China ... (Writing by Maria Sheahan; Editing by Susan Thomas and Alexander Smith) ....

Duke University Study Details China’s Role in Fueling International Crisis in Steel; Need for Immediate Action (USW - United Steelworkers)

Edit Public Technologies 01 Sep 2016
(Source. USW - United Steelworkers). Sep 01, 2016. CONTACT. Jess Kamm Broomell (412) 562-2446, jkamm@usw.org. (Pittsburgh) -- United Steelworkers (USW) International President Leo W. Gerard released the following statement today after reviewing the publication of 'Overcapacity in Steel ... 'America's steelmakers and workers can't afford more business as usual when it comes to China's unjust and predatory trade practices. Action is needed now.'....

The Global Steel Industry is in Crisis, Thanks to Overcapacity (Alliance for American Manufacturing)

Edit Public Technologies 01 Sep 2016
(Source. Alliance for American Manufacturing). And China's state-sponsored mills share a lot of the blame. President Obama is out and about this week. On Thursday, he hit the Lake Tahoe Summit to deliver remarks on the environment ... No, seriously ... There's entirely too much steelmaking going on out there in the world - much more than market demand is calling for, and this flood of steel products is depressing steel prices everywhere ... (noodl....

State firms hunting for foreign loans to fund projects

Edit The Jakarta Post 01 Sep 2016
State-owned enterprises (SOEs) are seeking foreign loans to finance massive state projects that cannot be solely supported by local sources of financing, the SOE Ministry says ... “Of course we are planning for more [foreign loans] ... Among the companies receiving funds from the state-controlled lenders are pulp and paper companies Indah Kiat and Pindo Deli, cementmaker Bosowa, energy company Medco and steelmaker Krakatau Steel ... ....

Report: Chinese Steel Overcapacity an Ongoing Problem Leading Up to G20 Summit (Alliance for American Manufacturing)

Edit Public Technologies 01 Sep 2016
(Source. Alliance for American Manufacturing). September 01 2016. President Obama Expected to Raise Overcapacity During Sept. 4-5 Summit. WASHINGTON D.C ... The Duke CGGC report also maintains that China is a NME and outlines overcapacity solutions including having steelmakers adjust capacity based on market signals, rather than depending on state subsidies, and having governments reduce incentives for growing steel stock ... (noodl. 35174193) ....

The Ukip surge: is Labour losing its Welsh heartlands?

Edit New Statesman 01 Sep 2016
In the 2015 election there was an 11.2 per cent swing to Ukip in Wales. In Newport, the signs are there that Labour should be very, very worried. " data-adaptive-image-768-img="" data-adaptive-image-1024-img="" data-adaptive-image-max-img=""> ... In times past, Peterson might have stood for Labour ... ... ... “There used to be one on every corner ... He was made redundant in 2001, when steelmaking ceased at the site and over a thousand jobs were lost....

Knockaround times for steelmaker stocks

Edit Business Journal 31 Aug 2016
The outlook for AK Steel stock took a hit this week and one well-known outlet isn’t too rosy on its immediate future. The Street expects AK Steel (NYSE. AKS) stock to fall into the $4 to $3.50 range in the coming days. The stock prices for other major steelmakers also have taken a hit of late, including United States Steel Corp. (NYSE. X), Steel Dynamics Inc. (Nasdaq. STLD) and Nucor Corp. (NYSE. NUE) ... ....

Thyssenkrupp steel workers protest merger plans

Edit Yahoo Daily News 31 Aug 2016
Thyssenkrupp has its 19th century roots in steelmaking but the sector is now being hit by lacklustre demand and cheap imports into Europe ... "The workers want clarity on what is going on. They are worried," Steel Europe's works council chief Guenter Back told Reuters on Wednesday....

AISI and CFSEI to Co-Sponsor Wei-Wen Yu International Specialty Conference on Cold-Formed Steel Structures (AISI - American Iron and Steel Institute)

Edit Public Technologies 31 Aug 2016
(Source. AISI - American Iron and Steel Institute) ... A total of 1.6 continuing education units (CEUs) will be available for participants ... AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 19 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry ... Tel....

Teck Announces Acquisition of Securities of Jet Gold

Edit Stockhouse 31 Aug 2016
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 30, 2016) - Teck Resources Limited (TSX. TCK.A and TCK.B, NYSE. TCK) ("Teck") announced today that it acquired 8,333,333 common shares, and a $389,117 principal amount convertible debenture of Jet Gold Corp ... Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy ... ....
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