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Board Transitions, Recognitions, Long-term Investments and Labor Agreements - Research Report on United States Steel, Gerdau, CSN, ArcelorMittal, and AK Steel

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Investors' Reports

Aug 23, 2013, 08:00 ET

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NEW YORK, August 23, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting United States Steel Corp. (NYSE: X), Gerdau S.A. (NYSE: GGB), Companhia Siderurgica Nacional (NYSE: SID), ArcelorMittal (NYSE: MT), and AK Steel Holding Corporation (NYSE: AKS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

United States Steel Corp. Research Report

On August 16, 2013, United States Steel Corp. (U.S. Steel) announced the appointment of Mario Longhi as Director on the Company's board. The Company also stated that he will succeed Chairman, John P. Surma, as the new Chief Executive Officer, with effect from September 1, 2013. According to U.S. Steel, Surma will continue to be Executive Chairman till he retires from the board on December 31, 2013. Seth Schofield, the Presiding Director on U.S. Steel's board of directors, commented, "Our board extends its appreciation to John Surma for his many contributions to our company during his decade as CEO, which included some of the most challenging years in U. S. Steel's long history. We are equally excited about the company's prospects under the leadership of Mario Longhi, who is uniquely qualified to lead U. S. Steel into the future." The Full Research Report on United States Steel Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/X]

--

Gerdau S.A. Research Report

On August 2, 2013, Gerdau S.A. (Gerdau) announced that it has been honored by the IR Magazine Awards Brazil 2013, for being the Best Investor Relations Site - large cap. According to Gerdau, the awards analyses the excellence in transparency of the information and communication with investors from major public companies based in Brazil. Gerdau stated that the large cap category represents institutions with a market value of over R$ 3 billion. According to the Company, Gerdau's site has on average 8,000 hits per month, and caters to more than 130,000 shareholders and to market analysts by providing financial information from the Company with agility and quality in the stock market. The Full Research Report on Gerdau S.A. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/GGB]

--

Companhia Siderurgica Nacional Research Report

On August 6, 2013, Bloomberg reported Companhia Siderurgica Nacional's (CSN) Q2 2013 and H1 2013 financial results. As per Bloomberg, CSN registered sales of 1.6 million tonnes of steel in Q2 2013; and record sales of 3.1 million tonnes of steel in H1 2013, representing a 15% YoY increase. For Q2 2013, CSN's net revenue from steel totaled R$3.1 billion, up 7% QoQ. Adjusted EBITDA for the quarter was R$1.1 billion, up 21% QoQ. In H1 2013, net revenue from steel totaled R$6.1 billion, indicating a 21% YoY growth.  The Company had cash and cash equivalents of R$15.1 billion at the end of H1 2013. The Full Research Report on Companhia Siderurgica Nacional - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/SID]

--

ArcelorMittal Research Report

On August 7, 2013, ArcelorMittal announced its plan to invest €17.2 million at its Avilés site, located in Asturias. According to the Company, the investments are meant to improve product quality, internal logistics and customer service. The Company also informed that it plans to start-up coke oven batteries 7 & 8 in Avilés by mid-November 2013, following shutdown in December 2011, due to the fall in steel demand in Spain and Europe. The Full Research Report on ArcelorMittal - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/MT]

--

AK Steel Holding Corporation Research Report

On August 19, 2013, AK Steel Holding Corp. (AK Steel) announced that members of the United Steelworkers (USW) Local 1865 union have approved an 18-month labor agreement. AK Steel informed that the agreement covers more than 800 hourly production and maintenance steel operations employees at the Company's Ashland (KY) Works. James L. Wainscott, Chairman, President and CEO of AK Steel commented, "We are pleased to have reached a new labor agreement at our Ashland Works ahead of the expiration date, The agreement continues to serve the interests of both the company and Local 1865 members in an increasingly competitive, global steel industry." According to AK Steel, the new agreement will be effective from September 1, 2013 and will expire on March 1, 2015. The Full Research Report on AK Steel Holding Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/AKS]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

SOURCE Investors' Reports

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