Wainscott took the helm as CEO in 2003 when AK Steel was on particularly unsteady ground. Wainscott recognized that AK Steel ’s inflated cost structure prevented ..... labor costs significantly by reducing AK Steel ’s employee headcount by 30% while
* Analysts anticipate dividends; deal to reduce debt (Adds details on buyers, share movement)
AK Steel announced on Monday its plans to acquire ..... purchased the Columbus operations. Although AK Steel ’s management team was unwilling to provide ..... market, which is a core competency for AK Steel . As such, AK Steel ’s management team
been actively seeking an acquirer for both its Columbus operations and its steelmaking operations in Dearborn, Michigan. AK Steel purchased the Dearborn operations. Steel Dynamics agreed to pay a total consideration of $1.625 billion, which translates
Wall Street Breakfast Editors submit: Economy Western leaders from Britain, France and Germany have staunchly warned Vladimir Putin of increased sanctions by Tuesday if air accident investigators do not have full access to the crash site in eastern Ukraine. Kerry has also pointed a finger at Putin
has announced that it will sell two of its North American steel plants to Steel Dynamics (NASDAQ: STLD ) and AK Steel (NYSE: AKS ) for $2.3B. The Russian steelmaker is attempting to rid its international assets to cut costs. Since last
July 21 (Reuters) - Steel Dynamics Inc will buy Severstal's mini-mill in Columbus, Michigan for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash.
July 21 (Reuters) - Steel Dynamics Inc will buy Severstal's Columbus mini-mill for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash.
weaker sheet pricing; the firm also thinks U.S. Steel’s cost advantage relative to peers will decline due to falling iron ore prices. AKS -1.1% , NUE -0.1% , STLD -1.2% , RS -0.3% , SCHN -1% . Post your comment!
action reverses an earlier decision after the U.S. steel industry filed a complaint that it was being hurt by unfair competition from overseas. AKS +0.6% , NUE -0.5% , STLD +1.2% , RS +0.4% , SCHN +2% . Post your comment!