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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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July 29, 2014
11:33 EDTAKSAK Steel seeing some signs of recovery in electrical steel sector
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08:32 EDTAKSAK Steel reports Q2 shipments of 1.40M tons
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08:31 EDTAKSAK Steel reports Q2 adjusted EPS 2c, consensus (4c)
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July 28, 2014
15:47 EDTAKSNotable companies reporting before tomorrow's open
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July 21, 2014
06:56 EDTAKSAK Steel to host conference call
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05:18 EDTAKSAK Steel to acquire Severstal Dearborn for $700M cash
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July 20, 2014
13:15 EDTAKSSeverstal close to U.S. plant sales to Steel Dynamics, AK Steel, Bloomberg says
Russian steelmaker OAO Severstal is set to sell two U.S plants to Steel Dynamics (STLD) and AK Steel (AKS) in a deal that may value the assets at just over $2B, says Bloomberg. Reference Link

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