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AK Steel Holding Corporation latest news:
Japan urges U.S. to make careful steel trade ruling
Japan's steel industry has criticised President Trump’s plan to impose curbs on steel imports, saying it violates the principles of free trade. As Ciara Lee reports, it’s calling for Washington to make a careful and appropriate decision.
Video provided by Reuters
UPDATE 3-Teck sees strong demand for steelmaking coal in 2018
TORONTO, Feb 14 (Reuters) - Teck Resources Ltd,
the world's second-biggest exporter of steelmaking coal, said on
Wednesday that growing global steel production is expected to
boost demand for its coal in 2018, though coal trade competition
will also likely rise.
ArcelorMittal to top Brazil's long steel output after Votorantim deal -exec
The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the country's largest long steel producer, a senior company executive said.
METALS-London nickel steadies above week lows, at risk of further losses
By Melanie Burton
MELBOURNE, Feb 5 (Reuters) - London nickel climbed on Monday
after posting its largest daily loss in two months in the
session before, but prices were seen tailing off ahead of the
Lunar New Year next week.
"Aside from the strengthening dollar, we think concerns
about China's weak demand (have) also weighed on the nickel
price," said broker Argonaut Securities in a report.
Some of China's stainless steel mills, the major consumers
of nickel, a
SSAB Q4 profit lags forecast, proposes first dividend since 2012
Swedish steelmaker SSAB missed fourth-quarter operating profit forecasts on Friday, weighed down by weak results in North America, and proposed its first dividend since 2012. SSAB, one of the largest steel plate producers in the United States, said its Americas division was the biggest reason for the shortfall in earnings, although it said there were signs business there was improving.
BRIEF-Ak Steel Announces Update On Middletown Works
Ak Steel Holding Corp(AKS): * AK STEEL ANNOUNCES UPDATE ON MIDDLETOWN WORKS. * Ak Steel Holding Corp(AKS) - CURRENTLY ESTIMATE THAT MELT SHOP WILL RE-COMMENCE OPERATIONS IN APPROXIMATELY 8-10 DAYS.
U.S. regulator asked carmakers to disclose any Kobe Steel safety issues - letter
WASHINGTON, Jan 12 (Reuters) - A U.S. auto regulator asked
29 carmakers to disclose if the safety of any of their vehicles
or engines containing products supplied by Kobe Steel Ltd
could be affected by data cheating, according to a
letter seen by Reuters.
UK Stocks-Factors to watch on Dec 14
Dec 14 (Reuters) - Britain's FTSE 100 index is seen to open 18
points lower at 7,478.8 on Thursday, according to financial bookmakers.
* RIO TINTO: Liberty House, the industrial and commodities group buying a
number of steel assets around the world, is considering a bid for Rio Tinto's
, aluminium smelter in northern France, the largest in Europe,
three sources with direct knowledge of the matter told Reuters.
* OIL: Oil markets rose on Thursday, lifted by a fourth straight wee
Thyssenkrupp makes offer to workers for Tata Steel deal: sources
Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labor union IG Metall said. Details of the offer are to be discussed at a meeting of management and labor representatives on Tuesday, the sources told Reuters on Sunday.
Thyssenkrupp ready to make workers offer for Tata Steel deal: Bild am Sonntag
BERLIN (Reuters) - Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, German weekly Bild am Sonntag reported, citing an internal memo.
Steel stocks surges Commerce Dept.'s antidumping ruling on steel from Vietnam
Shares of steel companies rallied Wednesday, after the U.S. Commerce Department announced a preliminary ruling that certain steel products imported from the Socialist Republic of Vietnam made from substrate originating in China are subject to duties. U.S. Steel Corp.'s stock surged 7.3% in midday trade toward an eight-month high, while AK Steel Holding Corp. shares rose 5.9%. Elsewhere, shares of Nucor Corp. gained 1.6% and Steel Dynamics Inc. advanced 1.9%. As a result of the ruling late Tuesday, Customs and Border Protection will collect antidumping cash deposits on corrosion-resistant steel and cold-rolled steel produced in Vietnam using Chinese-origin substrate at rates of 199.43% and 265.79%, respectively. "The Commerce Department's finding of circumvention represents a critical step to shutting down one of the many paths used to flood the U.S. with dumped and subsidized steel," U.S. Steel said Wednesday in a statement. "This decision presents an encouraging sign for the steel industry and should put other countries and companies on notice that their cheating will no longer be tolerated." U.S. Steel's stock has lost 3.2% year to date, while the S&P 500 has gained 18%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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