GE Corporate Lending Increases Project Financing for Severstal Columbus to $577.5 Million

GE Commercial Finance Corporate Lending announced a $100 million increase in senior secured financing for Severstal Columbus, a next generation steel mill based in Columbus, MS. This increase in funds brings the total project financing for the company, formerly known as SeverCorr, to $577.5 million.... Read more..

Portage Assigns Option of Golden Mile Property

Portage Minerals Inc.announces that it has entered into an option agreement with Nebu Resources Inc. whereby Portage has agreed to sell and assign its option to earn a 70% interest in 5 patented and 19 unpatented mineral leases located in Mineral County, Nevada. In order for Nebu Resources to exercise... Read more..

Stillwater Mining Company Completes Review of Operations: Will Restructure Operations and Reduce Workforce

STILLWATER MINING COMPANY announced immediate plans to restructure its operations and reduce and redeploy portions of its workforce. The move is largely focused on the Company’s East Boulder Mine operations south of Big Timber, although the Company’s Stillwater Mine at Nye, Columbus Metallurgical... Read more..

AK Steel and USW Reach Early Labor Agreement for Ashland Coke Plant

AK Steel said today that members of United Steelworkers (USW) Local 8-523 have overwhelmingly ratified a new three-year labor agreement covering about 240 hourly production and maintenance employees at the company’s Ashland, Kentucky coke plant. The new agreement takes effect immediately and runs... Read more..

AK Steel Announces September 2008 Surcharges for Electrical and Stainless Steels

AK Steel has advised its customers that a $1,040 per ton surcharge will be added to invoices for electrical steel products shipped in September 2008. September 2008 surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company’s web site at www.aksteel.com... Read more..

AK Steel to Make $75 Million Pension Trust Fund Contribution

AK Steel announced that its board of directors has authorized the company to make an early $75 million contribution to its pension trust fund. The contribution will be made during the third quarter and will reduce the company’s future funding requirements. Following the contribution, AK Steel... Read more..

AK Steel Named to S&P 500

Following the close of trading today, AK Steel (NYSE: AKS) will be added to Standard and Poor’s S&P 500 GICS (Global Industry Classification Standard) Steel Sub-Industry index, aligning the company with the very best of America’s most prominent corporations. The S&P 500 is widely... Read more..