Steel Dynamics Inc


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  • Russia's Severstal selling US plants for $2.3B Monday, 21 Jul 2014 | 6:42 AM ET

    NEW YORK— Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Steel Dynamics Inc. said Monday that it will pay about $1.63 billion for Severstal Columbus, which is located in northeast Mississippi.

  • July 21- 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. Last month, CEO Alexey Mordashov said that selling the U.S. assets could help decrease Severstal's debt and make the company a lot more profitable.

  • July 21- 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. AK Steel said the deal also included a cokemaking facility and interests in three joint ventures that process flat-rolled steel products.

  • WASHINGTON, July 10- U.S. steel producers on Thursday accused Russia of flooding the market with cheap flat-rolled steel, challenging a 15- year trade deal and potentially reigniting a decades-old dispute over imports amid heightened tensions between Washington and Moscow.

  • WASHINGTON, July 10- U.S. steel producers on Thursday called for the Department of Commerce to scrap a trade deal with Russia that excuses hot-rolled steel shipments from import duties.

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  • *UBS cuts United States Steel Corp target price to $31 from $35; rating. *UBS cuts Steel Dynamics target price to $17 from $18; rating buy. *UBS cuts Reliance Steel and Aluminum target price to $63 from $66;.

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