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Stock Market & Financial Investment News

News Breaks
July 31, 2013
17:58 EDTAKSAK Steel to ask U.S. to seek further rulings against China
AK Steel said that the Chinese Ministry of Commerce has announced its purported implementation of the recommendations and rulings of the World Trade Organization Dispute Settlement Body regarding MOFCOM's flawed investigation regarding imports of grain oriented electrical steel from the United States. In the GOES case, a WTO dispute panel found that MOFCOM's findings on injury and causation violated China's WTO obligations because, among other things, they were not based on positive evidence and an objective examination of the evidence. "AK Steel applauds the efforts of the United States Trade Representative to enforce China's WTO obligations in this dispute," said James Wainscott, CEO of AK Steel. "We are disappointed that the Government of China has chosen to disregard its WTO obligations, and we will continue to urge the U.S. Government to seek further rulings that China has not complied with the DSB's recommendations and rulings." AK Steel will also request that the U.S. Government seek WTO authorization to impose retaliatory tariffs against certain imports from China until China comes into compliance by revoking the antidumping and countervailing duty measures on GOES from the United States.
News For AKS From The Last 14 Days
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September 18, 2014
07:17 EDTAKSAK Steel reinstated with an Underperform at Credit Suisse
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September 17, 2014
12:08 EDTAKSSteel stocks rally as U.S. Steel, Nucor provide improved outlooks
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09:10 EDTAKSOn The Fly: Pre-market Movers
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September 16, 2014
14:34 EDTAKSAK Steel sees Severstal Dearborn acquisition accretive to earnings
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September 11, 2014
08:04 EDTAKSAK Steel 35M share Secondary priced at $9.00
BofA/Merrill, Credit Suisse and JPMorgan acted as joint book running managers for the offering.
September 8, 2014
06:51 EDTAKSAK Steel files to sell 35M shares of common stock
The joint book-running managers for the common stock offering are BofA Merrill Lynch, Credit Suisse and J.P. Morgan. The joint book-running managers for the notes offering are Credit Suisse, Citigroup and J.P. Morgan.

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