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House lawmakers agreed on Monday to extend state tax incentives aimed at spurring new expansion projects by General Electric and AK Steel, two key employers in the state.
The firm currently has a $32.00 target price on the stock, up from their previous target price of $27.00.
Worthington Industries Inc., Columbus, Ohio, reported net sales of $602.4 million and net earnings of $25.7 million during the company's fiscal first quarter, which ended Aug. 31. Company sales were down 2.3 percent from the previous year's first quarter, though earnings were up 14.7 percent.
These investors are trying to unlock value in an iron ore company at the same time iron ore prices may be headed lower due to demand issues in China, Cramer pointed out.
Tesco is the first global retailer to apply for multi-brand retailing after India allowed 51% FDI in the segment in September 2012.
Steel Dynamics Inc., Fort Wayne, Ind., and Barcelona, Spain-based LaFarga Group have formed a partnership to construct a $39 million U.S. facility to produce wire rod from recycled copper.
Most steel suppliers expect a second half for the plate market that is much like the first-a slow, steady recovery marked by periods of fluctuating demand.
Republic Engineered Products has acquired two facilities from BCS Industries Inc. The Canton, Ohio-based steelmaker has acquired a heat treatment facility in Cleveland and a cold-drawn steel bar processor in Memphis, Tenn.
Sources close to the development said the facility would be a win-win proposition for both Steel Authority of India and KIOCL, formerly known as Kudremukh Iron Ore Company.
Worthington Industries Inc., Columbus, Ohio, reported net earnings of $51.9 million for its fiscal fourth quarter, contributing heavily toward a profitable year.
Reliance Steel & Aluminum Co., Los Angeles, saw third-quarter net income that was an improvement from the same period in 2010, but a step back from the second quarter of this year.
Since the recession and its dramatic effect on demand and pricing, service centers have been understandably gun-shy about buying steel.
Roger B. Sippey has retired from Feralloy Corp. after 42 years with the Chicago-based service center company.
Fair trade regulator CCI has approved stake purchase of Tata Group entities into auto component maker Varroc Engineering Pvt Ltd saying the deal will not have any 'adverse effect' on competition in the country.