Acquisitions, Technical Updates, Recognitions, and Promotions - Research Reports on Steel Dynamics, ArcelorMittal, POSCO, Worthington and Schnitzer Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, July 24, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Steel Dynamics Inc. (NASDAQ: STLD), ArcelorMittal SA (NYSE: MT), POSCO (NYSE: PKX), Worthington Industries, Inc. (NYSE: WOR) and Schnitzer Steel Industries, Inc. (NASDAQ: SCHN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5066-100free.
Steel Dynamics Inc. Research Reports
On July 21, 2014, Steel Dynamics Inc. (Steel Dynamics) announced a definitive agreement to acquire Severstal Columbus, LLC (Columbus) from OAO Severstal for c.$1.6 billion in cash. According to the Company, the acquisition will expand Steel Dynamics' annual steel shipping capacity to 11.0 million tons, representing an approximate 40% growth. "The acquisition of Columbus represents a significant step in the continuation of our growth strategy," stated CEO, Mark Millett. "It leverages our core strengths, and at the same time fulfills our initiatives to further increase value-added product and market diversification. We enthusiastically look forward to welcoming the Columbus employees and customers into the Steel Dynamics family, and working with them to drive future growth and success." The Company anticipates the transaction to be immediately accretive to earnings and cash flow per share, as well as to generate approximately $30 million in pretax earnings synergies per annum. The full research reports on Steel Dynamics are available to download free of charge at:
ArcelorMittal SA Research Reports
On July 21, 2014, ArcelorMittal SA's (ArcelorMittal) stock remained flat to end the day at $14.99. The Company's stock gained 0.67% over the past five trading days compared to the Dow Jones Industrial Average which lost 0.01% and to Standard & Poor's 500 which declined 0.18% during the same trading period. The full research reports on ArcelorMittal are available to download free of charge at:
POSCO Research Reports
On July 14, 2014, POSCO reported that it was ranked 177th in Fortune Global 500 based on revenue in 2013, marking the fourth consecutive year that POSCO has been included in the top 200 companies. POSCO stated that it was ranked 161st in 2010, 146th in 2011, 167th in 2012, and 177th in 2013. The Company added that it achieved this as a result of its proactive overseas expansion and technology investment, and various cost reduction activities and synergy management activities at a POSCO Family level. The full research reports on POSCO are available to download free of charge at:
Worthington Industries, Inc. Research Reports
On July 21, 2014, Worthington Industries, Inc. (Worthington) announced Andy Rose's promotion to Executive Vice President in recognition of his expanded leadership role and contributions to the Company over the last five and half years. Mr. Rose first joined the Company back in December 2008 as CFO, a position he will continue to hold. The Company stated that he has made significant contributions in developing corporate strategy, designing and executing the Company's acquisition plan and driving efficiencies as part of the broader transformation. The full research reports on Worthington are available to download free of charge at:
Schnitzer Steel Industries, Inc. Research Reports
On July 21, 2014, Schnitzer Steel Industries, Inc.'s (Schnitzer) stock increased 1.37% to end the day at $27.38 compared to the previous day's closing price of $27.01. The Company's stock increased 5.67% over the past one trading month compared to the Nasdaq Composite which rose 1.30% during the same trading period. The full research reports on Schnitzer are available to download free of charge at:
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