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ArcelorMittal Gerdau to sell US steel mill for 770 million
2014-09-16 10:21:16| Steel - Topix.net
World's biggest steel producer ArcelorMittal on Monday said it has inked a pact with Brazil's Gerdau to sell their 50% stakes in US-based Gallatin for $770 million, as part of its strategy to divest non-core assets. "ArcelorMittal and Gerdau jointly announced today that they have entered into a definitive transaction agreement to sell their respective 50% interests in Gallatin Steel Company to Nucor Corporation for a total cash consideration of $770 million, subject to customary closing adjustments," the steel giant said in a statement.
U.S. Steel cleared to expand Minntac plant
2014-09-16 09:19:57| Steel - Topix.net
State permits for the taconite mine extension project in Mountain Iron were received earlier this year, Pittsburgh-based U.S. Steel said. Minntac will be expanded by 483 acres, extending the life of the mine by 16 years.
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Nucor buying Gallatin Steel for about $770M
2014-09-15 17:45:05| Steel - Topix.net
Steel company Nucor is buying Gallatin Steel Co. for about $770 million, which will expand Nucor's footprint in the Midwest.
Tags: buying
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nucor
Nucor to acquire Gallatin Steel in $770 million deal
2014-09-15 17:45:04| Steel - Topix.net
Charlotte-based steel manufacturer Nucor Corp. has agreed to purchase Gallatin Steel Co.
Tags: million
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AK Steel Holding Earns Buy Rating from Bank of America
2014-09-15 15:44:08| Steel - Topix.net
's stock had its "buy" rating restated by research analysts at Bank of America in a report released on Monday. They currently have a $13.00 price objective on the stock, down from their previous price objective of $55.26.
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