Steel Market Intelligence has confirmed that ArcelorMittal is taking “asset preservation” steps at facilities ahead of the risk of a work stoppage. The USW has scheduled a picket for 3pm on Monday near the company’s East Chicago office. We continue to believe that the company and USW are far apart on major issues, however, there is a longstanding history of top-notch relationships between local AMUSA management and rank-and-file as well as USW leadership – as we approach the deadline on 8/31, these relationships will count more and more! For further information, please subscribe to Steel Market Intelligence by contacting Jasmine at info@steelmarketintelligence.com
Posts Tagged: ‘steel analysis’
BlueScope Steel (BSL) – Earnings Miss; Looking to Expand Ohio Mini-Mill and Studying DRI – Thoughts from the Fiscal June Year End Conference Call
New Report Summary:
BlueScope reported FY June 2012 underlying EBIT loss of (A$224m), below the Street’s (A$175.6m) and FY 2011’s (A$107m). The company’s EBIT loss in FY 2H 2012 …more
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