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Steel & Iron News
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1. Noront ups offer for Freewest in duel with Cliffs - AP - Mon 4:44 pm ET
Canadian mining company Noront Resources said Monday it is upping its offer to buy fellow miner Freewest Resources Canada a week after the company had agreed to be bought by U.S. mining company Cliffs Natural Resources.
2. Gerdau Ameristeel to Present at the Goldman Sachs Fifth Annual Global Steel Conference - PR Newswire - Mon 4:23 pm ET
Gerdau Ameristeel Corporation announces that Mario Longhi, President and Chief Executive Officer, will present at the Goldman Sachs Fifth Annual Global Steel Conference. Gerdau's presentation will take place on Thursday, December 3, 2009 at 9:30 am Eastern Time.
3. Ahead of the Bell: Steel Sector boosted at Goldman - AP - Mon 9:27 am ET
The steel industry is poised to exit the recession as markets improve, prices rise and other factors benefit steel manufacturers, an analyst said as he upgraded the sector Monday.
4. Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Northwest Pipe Company, Announces Class Action Lawsuit and Seeks to Recover Losses - Business Wire - Thu Nov 26
LOS ANGELES----Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Western District of Washington on behalf of a class consisting of all persons or entities who purchased the securities of Northwest Pipe Company between April 23, 2008 and November 11, 2009, inclusive .
5. Hagens Berman Sobol Shapiro LLP: 60-Day Notice of Right To Serve as Lead Plaintiff - Lawsuit Against Northwest Pipe Company - PR Newswire - Tue Nov 24
The Seattle law firm Hagens Berman Sobol Shapiro announced today that a lawsuit has been filed against Northwest Pipe Company and certain of its top officials on behalf of purchasers of the Company's securities between April 23, 2008 and November 11, 2009 .
6. Gerdau Ameristeel Announces $610 Million Refinancing - PR Newswire - Tue Nov 24
Gerdau Ameristeel Corporation today announced that the Company has entered into a loan agreement pursuant to which a wholly-owned subsidiary will borrow $610 million on arm's length terms from Gerdau Holdings Inc., a subsidiary of Gerdau S.A.
7. Carpenter Technology Announces Completion of $200 Million Syndicated Credit Facility - Business Wire - Tue Nov 24
WYOMISSING, Pa.----Carpenter Technology Corporation , announced today the successful completion of a $200 million syndicated credit facility. This three year revolving line of credit replaces the five year $150 million revolver due to expire in August, 2010 and the $50 million accounts receivable securitization facility due to expire in March, 2010.
8. Freewest Will Hold a Conference Call to Discuss the Plan of Arrangement With Cliffs Natural Resources Inc. - Marketwire - Tue Nov 24
9. Worthington Industries Declares Quarterly Dividend - Business Wire - Mon Nov 23
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 December 29, 2009, to shareholders of record December 15, 2009.
10. China Precision Steel Announces First Quarter Fiscal 2010 Results - PR Newswire - Tue Nov 17
China Precision Steel, Inc. , a niche precision steel processing Company principally engaged in producing and selling high precision, cold-rolled steel products, announced today its fiscal 2010 first quarter results for the period ended September 30, 2009.
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