ArcelorMittal patent infringement suit against AK Steel revived The U.S. Court of Appeals for the Federal Circuit ruled that a new trial is required in the patent infringement lawsuit brought by ArcelorMittal (MT) against AK Steel (AKS) and Severstal. The appeals court determined that the lower courtís claim construction error prevented the jury from properly considering ArcelorMittalís evidence. The patent at the center of the suit covers boron steel sheet with an aluminum-based coating applied after rolling the sheet to its final thickness, according to a court filing. The process is used in the manufacture of automobile parts. Reference Link
News For MT;AKS From The Last 14 Days
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AK 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.