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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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April 15, 2014
12:51 EDTAKSAK Steel boosts stainless steel prices
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April 9, 2014
07:48 EDTAKSBofA/Merrill's steel analysts hold an analyst/industry conference call
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April 7, 2014
16:42 EDTAKSAK Steel announces price increase for hot roll carbon steel
AK Steel said that it will increase the current spot market base price for its hot roll carbon steel to a minimum of $700 per ton, effective immediately with new orders.

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