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Stock Market & Financial Investment News

News Breaks
June 16, 2014
10:31 EDTAKSAK Steel gaps up following upgrade, levels to watch
Shares were last up 6% to $6.81, which follows a large gap up this morning to $6.74. BofA/Merrill upgraded the shares to Buy, with a $10 price target. The session low at $6.74, the opening price, is current support. Next support below would be at $6.62. Resistance is at $6.93, the session high. The move up today reinforces the turn in trend to positive which has developed in the last month.
News For AKS From The Last 14 Days
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May 20, 2015
12:35 EDTAKSAK Steel to pay $1.35M and implement air pollution controls at Michigan facility
The U.S. Department of Justice, the Environmental Protection Agency, and the Michigan Department of Environmental Quality announced that, under a settlement agreement with the U.S. and the state of Michigan, AK Steel will pay a civil penalty of $1.35M for past violations of the Clean Air Act at its Dearborn, Michigan facility, implement a variety of procedures to reduce future violations and install dynamic air filtration systems at the Salina Elementary and Salina Intermediate Schools across Ferney Street from the plant. The consent decree will require AK Steel to develop an environmental management system for the facility with third-party auditing every six months, annually inspect and continuously monitor the performance of the pollution control equipment at the facility’s basic oxygen furnace and implement a fugitive dust control policy to prevent large particulate emissions into the adjacent neighborhoods. Upon full implementation of the consent decree requirements, particulate matter emissions, including metal hazardous air pollutants, should be reduced by approximately 100 tons per year. The settlement was lodged with the U.S. District Court for the Eastern District of Michigan and is subject to a 30-day public comment period and final court approval. Reference Link

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