Cleveland-Cliffs has announced plans to buy AK Steel, creating a vertically integrated steel company. Investors should be worried.
News & Analysis: AK Steel Holding
Steelmakers could see a bounce due to the USMCA’s protectionist provisions and labor standards, as long as cars don’t become too expensive.
Wall street didn’t like the idea at first, but the transaction should benefit both companies.
Online sales on Cyber Monday hit projections for a new record, and Cleveland-Cliffs plans to acquire AK Steel in a bid to create a vertically integrated steel company.
The iron ore producer is making a bold move to vertically integrate the steel industry.
On a bad day on Wall Street, these stocks still held up well.
AKS earnings call for the period ending September 30, 2019.
Steel prices aren't rebounding as planned, and profits just plummeted.
The United States and China reached a partial deal in the ongoing trade war.
Top steel stocks have lost between 24% and 64% of their value over the past year.