ak steel news

For more information download our Pipe Selection Guide found here . – The hot strip mill, as well as annealing and tempering operations at the AK Steel Dearborn Works plant are being permanently shut down, the … Steelmaker AK Steel will shut down its Dearborn Works in Detroit as steel mills that supply the automotive market are hammered by sudden coronavirus outbreak-related shutdowns. Other names that may be impacted by this news include ArcelorMittal (MT), Cleveland-Cliffs (CLF), AK Steel (AKS) and Steel Dynamics (STLD). All rights reserved. US. An assessment of the combined company's free cash flow can help identify the ability to reduce debt. WEST CHESTER, Ohio, July 29, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) today reported its financial results for the second quarter of 2019. Heating, Ventilation and Air Conditioning, Cleveland-Cliffs Inc. Completes Acquisition of ArcelorMittal USA, Cleveland-Cliffs’ Subsidiary AK Steel Recognized by General Motors as a 2019 Supplier of the Year, Cleveland-Cliffs Inc. October 28, 2019 AK Steel Enters Licensing Agreement Involving Its ULTRALUME® PHS High Strength, High Formability Steel … With auto sales and manufacturing activity recovering more quickly than expected, shares of Cleveland-Cliffs "remain mispriced," Pipes tells investors in a research note. ASHLAND AK Steel announced on Monday that it plans to close the largely idled Ashland Works facility by the end of 2019. 0.00 (0.00 %) (As of 03/13/2020) Add. Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion. Now AK Steel is renamed to Cleveland-Cliffs. CSX Corp. (CSX) announced that James Wainscott has been appointed to the company's board of directors, effective immediately. While it did not publish what minimum price it was targeting, prior to the announcement Nucor had been aiming for a minimum HRC spot price of $480/st," added the Argus report. OC Guns #1 premier gun store offers the best new & used gun for buy and sales in Orange County, Los Angeles, San Diego, Lake Forest, CA in affordable prices Editor’s note: This story first published on Dec. 8, 2019, following the announcement of Cleveland-Cliffs’ acquisition of AK Steel. West Chester, Ohio 45069 The deal is expected to bring in about $120 million in cost synergies. 50-Day Range. Cleveland-Cliffs, North America’s biggest producer of iron ore pellets, is buying AK Steel in a stock deal valued at about $1.1 billion AK Steel Holding Corporation (NYSE: AKS ) has entered into a definitive merger agreement with Cleveland-Cliffs Inc (NYSE: CLF ), in which the latter will acquire all the shares of the steelmaker. AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, including electrical power, and distributors and converters markets. Cleveland-Cliffs buying AK Steel in $1.1B stock deal. P 513.425.5000, Privacy Policy California Privacy Rights Terms of Use Sitemap. Reference Link. writes the Wall Street Journal's Joe Wallace. We have more than 100 years as a leader in the steel industry, and a strong vision for the future. Publicly traded companies in the metals and mining space include AK Steel (AKS), ArcelorMittal (MT), Nucor (NUE), Steel Dynamics (STLD), TimkenSteel (TMST) and U.S. Steel (X), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX) and Vale (VALE). If you have questions, email or call the AK Steel Benefits Service Center at retiree.assistance@aksteel.com or 800.260.6229, Monday through Friday between 8:30 a.m.and 4:30 p.m. EST. On a full-year 2019 basis, the combined Company generated pro-forma revenues of approximately $17 billion and combined adjusted EBITDA of approximately $1.7 billion, including previously disclosed expected synergies. Compare. The rally is also an indication that China's economy is gathering momentum, after a downturn at the start of the year when swaths of the country went into lockdown to stop the coronavirus spreading," added the Wall Street Journal story. Cleveland-Cliffs Inc. CLF recently announced that the acquisition of AK Steel Holding Corporation has been completed successfully. Reference Link, News and insights, exclusive to thefly.com, Steel complex lobbies Biden administration on Trump tariffs, Bloomberg says, Cleveland-Cliffs a 'compelling contrarian opportunity,' says B. Riley FBR, Nucor, US Steel raise sheet prices by $40/st, Argus says, CSX names former AK Steel CEO James Wainscott to board, Week in review: How Trump's policies moved stocks, U.S. Supreme Court declines to hear appeal to steel tariffs, Reuters reports, Iron ore prices jump amid Brazil coronavirus mining disruption, WSJ says, Notable companies reporting after market close», Renewables and Utilities Virtual Conference. "Overall, the tariffs have hurt far more jobs and companies in industries that use steel -- as well as small businesses and consumers -- than they've protected in steel and aluminum production," wrote Bloomberg, citing the business associations. The coating line was the last existing operational aspect of the once-flourishing mill. Volume2,000 shs. $1.55 $1.55. Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has successfully completed the acquisition of substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries (“ArcelorMittal USA”), forming the largest flat-rolled steel producer in North America. AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, including electrical power, and distributors and converters markets. Cleveland-Cliffs is the largest producer of iron ore pellets in North America. Share . "Prices have risen 20% since early April, driven by squeezed supplies from Brazil, which dominates the iron-ore mining industry along with Australia. December 09, 2020 ... AK Steel Receives Award from Auto:Steel Partnership For Contribution to Research on Stamping Technology. Nucor followed with its own $40/st price increase. Cleveland-Cliffs has reached an agreement to acquire AK Steel Holding for $1.1 billion. "I am pleased to welcome Jim to the CSX board of directors and look forward to benefiting from his insight and experience having led one of the nation's premier steel producers," said John J. Zillmer, chairman of the board. About AK Steel. About AK Steel. Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders, Cleveland-Cliffs Commits Support to Food Banks Across its Local Communities, Cleveland-Cliffs Commends the State of Ohio for Recognizing Essential Businesses and Operations Under its Stay at Home Order, AK Steel Recognized in Newsweek’s America’s Most Responsible Companies List, AK Steel Receives Award from Auto:Steel Partnership For Contribution to Research on Stamping Technology, AK Steel Enters Licensing Agreement Involving Its ULTRALUME® PHS High Strength, High Formability Steel Product, AK Steel Announces Second Quarter 2019 Financial Results. B. Riley FBR analyst Lucas Pipes reiterates a Buy rating on Cleveland-Cliffs (CLF) with a $10 price target. Recent AK Steel research has indicated that 14 gage ALT2 CSP can achieve a 100-year service life when the environmental conditions have a pH of 5 to 9 and a resistivity greater than 1500 ohm-cm. Pipes believes consensus estimates are incorrectly assuming a significant downturn in AK Steel's (AKS) realized steel price and/or volumes over the next 12 to 18 months. News. 52-Week Range. Dr. Enrique Lavernia's Research Group, University of California, Irvine Dr. Julie M. Schoenung's Research Group, University of California, Irvine Dr. Qiuming Wei’s Research Group, University of North Carolina at Charlotte Dr. Jennifer Wilcox’s Research Group, Colorado School of Mines Dr. "Integrated steelmaker US Steel led the price increase yesterday, targeting hot-rolled coil pricing of $540/st, and $740/st for cold-rolled coil (CRC) and hot-dipped galvanized sheet products. News AK Steel Renamed Cleveland-Cliffs Effective Immediately Cleveland-Cliffs has undergone significant transformation over the last year, with the acquisition of AK Steel and ArcelorMIttal USA assets. Cleveland-Cliffs says addition of AK Steel reduces Q1 seasonality impact 05/04/20 Cleveland-Cliffs applauds U.S.'s self-initiation of Section 232 investigation 03/16/20 USW calls for increased protections for steel workers amid COVID-19 outbreak 03/13/20 AK Steel trading halted, news … We found 33 results for Steel Detailers Structural in or near Laguna Niguel, CA. Mr. Wainscott is the retired chairman, president and chief executive officer of AK Steel Holding (AKS) a leading steel production and manufacturing company. Cleveland-Cliffs CEO Lourenco Goncalves joins CNBC's "Closing Bell" for an exclusive interview on Cleveland-Cliffs' acquisition of AK Steel. Cleveland-Cliffs is acquiring AK Steel in an all-stock transaction. steelmakers Nucor (NUE) and US Steel (X) have raised flat-rolled steel prices by $40/short ton amid tight supplies due to extended lead times, says Argus. Morgan Stanley recently upgraded stock in the steel producer to Buy from Hold. The U.S. Supreme Court rejected a challenge from the American Institute for International Steel to President Trump's tariffs on imported steel, which contended that a key part of the law under which he implemented the duties violates the Constitution, Reuters' Lawrence Hurley reports, citing the court. The businesses listed also serve surrounding cities and neighborhoods … AK Steel Corporation Benefits Service Center 9227 Centre Pointe Drive West Chester, Ohio 45069 Fax: 513.425.2462 Email: retiree.assistance@aksteel.com. By using this site you agree to our use of cookies. AK Steel Stock Forecast, Price & News Notice: This company has been marked as potentially delisted and may not be actively trading. Prices for hot-rolled steel coil have taken off. For more information see our Privacy Policy. Troy Topping, California State University, Sacramento ... AK Steel was slated to close a blast furnace, taking pig iron—a precursor to steel—off the market. AK Steel’s Ashland Works coated its final coil in November 2019. Our team or one of our subsidiaries will be in touch promptly to address your inquiry. AK Steel recently reported a 96% drop in net income in the third quarter. The combined company will be … To get where we want to go, we need you! Newsweek partnered with Statista Inc. to publish their first ranking of 300 companies from more than 2,000 of the largest $1.55 $1.55. WEST CHESTER, Ohio , Dec. 18, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) announced today that the company was named to Newsweek’s America’s Most Responsible Companies 2020. Cleveland-Cliffs is buying AK Steel in a stock deal valued at about $1.1 billion. Trade news is largely to blame for the broad market’s decline. Trump imposed 25% tariffs on imported steel and 10% tariffs on imported aluminum in March 2018 citing national security. Reference Link. News AK Steel's Longtime General Counsel to Depart After $3B Acquisition Joe Alter stated that his “last day with the company will come in the next couple of … AK Steel’s Rescue Offer Might Not Be Great for Investors Reuben Gregg Brewer | Dec 17, 2019 Cleveland-Cliffs has announced plans to buy AK Steel, creating a vertically integrated steel company. Short interest is elevated and sentiment remains "overwhelmingly bearish," making Cleveland-Cliffs a "compelling contrarian opportunity," adds the analyst. Today's Range. 4/12/2021 - Cleveland-Cliffs Inc. has decided to retire the AK Steel name and has begun renaming facilities to reflect the change in ownership, reports the Journal-News newspaper in Ohio. Summary. News Center. "Jim's deep knowledge of key industrial markets and his proven leadership will be assets to CSX as we work to strengthen our position as North America's best-run railroad." A vast range of U.S industry groups are lobbying the Biden administration this week "to remove the duties" that former President Trump levied on trading partners in 2018, added the story. A high-level overview of AK Steel Holding Corporation (AKS) stock. ©2021 Cleveland-Cliffs Corporation. 9227 Centre Pointe Drive Second Quarter 2019 Highlights Net income of $66.8 million , or $0.21 per diluted share; up 18% from a year ago AK Steel is a vibrant, dynamic place to work with top-notch benefits and plentiful opportunities. In January it announced it would close a mill in Ashland, Kentucky, by the end of this year, cutting 230 jobs. AK Steel's top executive earned a 25% compensation bump in 2019 www.bizjournals.com - March 12 at 3:05 PM: AK Steel's top executive earned a 25% compensation bump in 2019 finance.yahoo.com - March 12 at 3:05 PM: Cleveland-Cliffs, AK Steel shareholders approve merger deal seekingalpha.com - March 10 at 1:33 PM The companies say the tie-up will create a vertically integrated company that pairs Cleveland-Cliff’s iron ore pellet production with AK Steel’s rolled and stainless steel operations. Armco had existed in Ashland since 1921. They also appear in other related business categories including Steel Fabricators, Steel Erectors, and Steel Mills. $1.55. AK Steel acquired Dearborn Works in 2014 for $707 million from Russian steel manufacturer Severstal. Publicly traded companies in the space include AK Steel (AKS), ArcelorMittal (MT), Nucor (NUE), Steel Dynamics (STLD), TimkenSteel (TMST) and U.S. Steel (X). To provide a timely response, please add additional details on size, grade and volume desired. Dec 3, 2019 05:29 PM Form 425 AK STEEL HOLDING CORP Filed by: CLEVELAND-CLIFFS INC. View All Articles Dec 3, 2019 06:04 AM Cleveland-Cliffs (CLF) to Acquire AK Steel (AKS) in All-Stock Deal Publicly traded companies in the space include AK Steel (AKS), ArcelorMittal (MT), Nucor (NUE), Steel Dynamics (STLD), TimkenSteel (TMST) and U.S. Steel (X). Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. $1.55 $3.59. The future of former U.S President Donald Trump's steal tariffs is being debated, as the industries that use American steel and the producers of that material both lobby the Biden administration, wrote Bloomberg's Eric Martin. Reference Link, The severity of the coronovirus impact in Brazil has disrupted the global supply of iron ore amid ademand pick-up in China. 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