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News

Posco Buys $2.8 Billion Stake in Daewoo International – BusinessWeek

August 30, 2010

ReutersPosco Buys $2.8 Billion Stake in Daewoo InternationalBusinessWeekPosco will acquire 68.15 percent of the steel and crude oil trader, the Pohang-based steelmaker said in a regulatory filing today. …South Korean steel company buys raw materials …

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China Stocks Rise After Bernanke Pledge; Moutai, Baoshan Gain – BusinessWeek

August 30, 2010

International Business TimesChina Stocks Rise After Bernanke Pledge; Moutai, Baoshan GainBusinessWeekJiangxi Copper Co. and Baoshan Iron & Steel Co. led gains for commodity producers on the prospect of higher raw materials demand. China Shenhua Ene…

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Worthington Industries Declares Quarterly Dividend (Business Wire)

August 30, 2010

COLUMBUS, Ohio—-The board of directors of Worthington Industries, Inc. has declared a quarterly dividend of $0.10 per share. The dividend is payable on September 29, 2010, to shareholders of record September 15, 2010.

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Area firefighters salute 9/11 steel beams – Cherry Hill Courier Post

August 30, 2010

ARL nowArea firefighters salute 9/11 steel beamsCherry Hill Courier PostThe daylong procession was the third run delivering steel from ground zero to be sponsored by the New York Fire Department's Fire Family Transport …WTC steel presented to Arl…

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Nifty ends flat at 5400; Power Grid, Tata Steel shine – Economic Times

August 30, 2010

Reuters IndiaNifty ends flat at 5400; Power Grid, Tata Steel shineEconomic TimesShares of Tata Steel moved up after the company entered into an MoU for with Thailand's Sahaviriya Steel Industries for potential sale of Teesside Cast …Metal shares …

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Supply and Demand Likely to Push Down Steel ETFs (at Minyanville)

August 30, 2010

There are excess capacity concerns in the industry, which could increase the level of imports and result in downward pressure on prices.

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