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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.
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April 23, 2014
05:59 EDTAKSAK Steel upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded AK Steel to Outperform citing improved pricing and demand as well as the company's significant cost reduction potential. The firm raised its price target for shares to $11 from $6.
April 22, 2014
08:34 EDTAKSAK Steel incurred higher production costs in Q1 due to extreme winter weather
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08:32 EDTAKSAK Steel reports Q1 adjusted EPS (40c), consensus (43c)
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April 21, 2014
15:04 EDTAKSAK Steel April weekly volatility elevated at 81 into Q1 and outlook
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April 15, 2014
12:51 EDTAKSAK Steel boosts stainless steel prices
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