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Stock Market & Financial Investment News

News Breaks
September 30, 2013
16:07 EDTAKSAK Steel files trade cases on non-oriented electrical steel
AK Steel said that is has filed antidumping duty petitions charging that unfairly low-priced imports of non-oriented electrical steel, or NOES, from six countries are causing material injury to the company. AK Steel also filed countervailing duty petitions alleging that NOES producers in China, Korea and Taiwan have been heavily subsidized by their respective governments. The petitions were filed with the Commerce Department and the U. S. International Trade Commission. The Commerce Department will determine whether to initiate the antidumping and countervailing duty investigations within 20 days, and the ITC will reach a preliminary determination of material injury or threat of material injury within 45 days. The entire investigation will take approximately one year, with final determinations of dumping, subsidization and injury to be made in the fall of 2014. Preliminary duties, however, may be imposed during the first quarter of 2014 and remain in effect until final determinations are issued, AK Steel said.
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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