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Stock Market & Financial Investment News

News Breaks
February 19, 2014
08:24 EDTAKS, NWPX, X, STLDU.S. Steel disappointed Korea escapes pipe-dumping duties, Tribune-Review says
The Department of Commerce did not impose anti-dumping duties on oil and natural gas pipe products from South Korea in a trade case filed by U.S. Steel (X) and other producers, reported The Pittsburgh Tribune-Review. Commerce's preliminary decision imposes high duties only on India, and small levies on other nations, though Korea is the largest exporter among nine nations targeted. A U.S. Steel spokeswoman said, “We are disappointed by the preliminary determinations at the Department of Commerce and by its failure to deal with important issues at this stage of the investigations. Having said that, the determinations do confirm the existence of large-scale dumping in this market — something that has caused extensive injury to the domestic industry. When all of the facts come to light, we are confident that we will prevail with respect to all countries and exporters in the final determinations.” Shares of Northwest Pipe (NWPX), which manufacturers high-pressure steel pipeline systems, are down 1.25% in pre-market trading, while shares of U.S. Steel are down 3.9% and AK Steel (AKS) shares are down 1.5%. Another U.S. steelmaker is Steel Dynamics (STLD).
News For X;AKS;STLD;NWPX From The Last 14 Days
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November 24, 2014
12:01 EDTXU.S. Steel announces new headquarters location
United States Steel President and CEO Mario Longhi joined Pittsburgh Penguins President and CEO David Morehouse in announcing that the company will relocate its corporate headquarters to the former Civic Arena site in Pittsburgh's lower Hill District. This announcement assures that the company will help anchor new development in the region while sustaining more than 800 jobs in Pittsburgh at the headquarters location. The announcement of the new headquarters location in Pittsburgh is another step in the company's Carnegie Way transformation journey. To be completed in 2017, the new 250,000 square foot headquarters will promote collaboration and best practices for U. S. Steel employees in the advanced work environment. Additionally, by housing employees from a number of locations under one roof, the new headquarters location will provide significant cost savings for the company.
November 18, 2014
13:28 EDTAKS, XIron ore, steel stocks lower after iron ore prices, China home prices decline
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09:56 EDTAKSOn The Fly: Analyst Initiation Summary
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06:34 EDTSTLDSteel Dynamics initiated with an Outperform at BMO Capital
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06:33 EDTXU.S. Steel initiated with a Market Perform at BMO Capital
Target $43.
06:33 EDTAKSAK Steel initiated with a Market Perform at BMO Capital
Target $7.

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