Steel Is Still a Steal
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After many decades, the steel industry is cool again.
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PHILADELPHIA _ International Steel Group Inc., which includes the remains of the bankrupt Bethlehem Steel Corp., is being acquired by a Dutch steel company for $4.
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PITTSBURGH -- US Steel Corp. swung to its third consecutive quarterly profit, helped by higher prices and a tax gain, to beat analysts&#39; earnings estimates.
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United States Steel Corp. , the largest U.S. integrated steelmaker, on Monday reported a fourth-quarter profit after a loss a year earlier, citing robust worldwide steel prices and tight supplies.
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India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75 billion pounds ($11.3 billion).
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MILWAUKEE --Tap it, don't scrap it. With metal prices rising, beer makers say they expect to lose hundreds of thousands of kegs and millions of dollars this year as those stainless steel holders of brew are stolen and sold for scrap.
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The stock's case of ennui isn't over yet.
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The steelmaker faces serious headwinds, but it has the resources to batten down the hatches.
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Lakshmi Mittal&#39;s $4.5 billion acquisition of International Steel Group Inc. may prompt a spree of deals as the steel industry consolidates to cut costs.
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Anglo-Dutch steelmaker Corus has reported a profit for the first time since it was formed in 1999. Surging steel prices have helped the company lift earnings, and it has cut jobs and sold a number of businesses.
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U.S. and global steel markets are  poised for medium and long-term growth, two top global steel  executives said on Thursday.
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United States Steel will buy the Canadian steel producer Stelco for $1.1 billion, a purchase making it the worldâs fifth-largest steel maker.
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HONG KONG (Dow Jones)--China&#39;s Angang New Steel Co. (0347.HK) said Friday it will buy iron and steel assets from its state-owned parent in a US2.2 billion deal that will almost double its earnings per share in two years&#39; time.
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NEW YORK (CBS.MW) -- Mechel Steel priced its American depositary shares at $21 each Friday, in the first initial public offering from Russia in 2 1/2 years.
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AMSTERDAM -- Steel tycoon Lakshmi N. Mittal yesterday said he would pay $4.5 billion in cash and stock for US steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. Ross Jr. from mills whose parents landed in bankruptcy court.
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Ryan Howard got a raise, but he's still one of the biggest bargains in baseball.
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Nov. 8 issue - Wilbur Ross isn&#39;t Superman, but there&#39;s no doubt he&#39;s Wall Street&#39;s Man of Steel. Ross, a veteran bankruptcy player, made a deal last week to sell his International Steel Group at $42 a share