AK Steel Holding

Steel Partners Issues Letter to Fellow Shareholders Regarding Its Vision for Enhanced Value Creation at Aerojet Rocketdyne

Retrieved on: 
Montag, März 14, 2022
Other Professional Services, Defense, Other Defense, Finance, Banking, Professional Services, Logistics, Supply Chain Management, Transport, Contract, Securities Act of 1933, Risk, Lockheed, Partnership, Common stock, U.S. Securities and Exchange Commission, Federation, SPL, Disclosure, Environment, AK Steel Holding, Program, Industry, THE, Company, Annual general meeting, Lockheed Martin, SOFR, WHEN, Securities Exchange Act of 1934, PPP, WEB, SEC, Partner, Research, Delaware Court, Aerojet Rocketdyne Holdings, SPLP, Public relations, Climate change, UPON, Greenhouse, Security (finance), NO, Ownership, Legislation, SBA, Opine, Delaware Court of Chancery, Martin, Investment, Form 10-K, EBITDA, Board, AJRD, NYSE, Letter, COVID-19, Sport, Renewable energy, Risk management, Financial services, Recycling, Defense, Share (finance), Steel

We feel the choice between Steel Partners slate and Ms. Drakes slate should come down to credibility and vision.

Key Points: 
  • We feel the choice between Steel Partners slate and Ms. Drakes slate should come down to credibility and vision.
  • On the other hand, we question whether Ms. Drake and her allies have the credibility, qualifications and vision necessary to maximize value for Aerojet Rocketdynes shareholders.
  • We find it notable that Ms. Drake and her slate are yet to articulate a clear vision for value creation.
  • In due course, we will release our own presentation that copiously details Steel Partners case for change, nominee qualifications and strategy for value creation.

Steel Partners Pleased by Court’s Decision to Grant Temporary Restraining Order Preventing the Unauthorized Use of Aerojet Rocketdyne’s Resources in Connection With 2022 Annual Meeting

Retrieved on: 
Donnerstag, Februar 24, 2022
Other Professional Services, Defense, Other Defense, Finance, Banking, Professional Services, Logistics, Supply Chain Management, Transport, Risk, AJRD, Executive, SOFR, Securities Exchange Act of 1934, UPON, Security (finance), Common stock, Sexual harassment, Annual general meeting, COVID-19, Company, Federation, SPLP, Form 10-K, Climate change, Partnership, Greenhouse, Lockheed Martin, WHEN, Board, Growth, Investment, PPP, Environment, U.S. Securities and Exchange Commission, NUALS Arts and Literary Annual Meet, Motivation, NO, Lockheed, Securities Act of 1933, Delaware Court, Aerojet Rocketdyne Holdings, Letter, Sport, Private sector, Legislation, Ownership, Court, THE, WEB, Industry, Delaware Court of Chancery, NYSE, Acquisition, Partner, SBA, AK Steel Holding, SPL, Disagreement, Contract, SEC, Holding company, Risk management, Steel, Aerojet Rocketdyne, Share (finance)

Steel Partners is one of the largest shareholders of Aerojet Rocketdyne, with ownership of approximately 5.2% of the Companys outstanding shares.

Key Points: 
  • Steel Partners is one of the largest shareholders of Aerojet Rocketdyne, with ownership of approximately 5.2% of the Companys outstanding shares.
  • Since we first received representation on the Board in March 2008, the Companys shares have appreciated more than 250%.
  • Steel Partners was committed to the Lockheed Martin Corporation transaction from the day it was announced in December 2020 until the day it was terminated.
  • Accordingly, Steel Holdings, SPHG and Steel Holdings GP may be deemed to beneficially own the Shares directly owned by WebFinancial.

Majestic Steel Hires Sean Madigan as Vice President of Sales, Manufacturing

Retrieved on: 
Dienstag, Februar 1, 2022
Marketing, Service, Miami University, OEM, Steel, Bachelor, Partnership, AK Steel Holding, VP, Multimedia, Management, Sales, Majestic, Nucor

CLEVELAND, Feb. 1, 2022 /PRNewswire/ -- Majestic Steel USA, Inc. ("Majestic"), a leading steel service center, announced the hire of Sean Madigan as Vice President of Sales, Manufacturing.

Key Points: 
  • CLEVELAND, Feb. 1, 2022 /PRNewswire/ -- Majestic Steel USA, Inc. ("Majestic"), a leading steel service center, announced the hire of Sean Madigan as Vice President of Sales, Manufacturing.
  • Sean joins Majestic from Nucor, where he served as the Sales and Marketing Manager for Nucor Steel Arkansas.
  • Prior to Nucor, Sean was Majestic Steel's Director of OEM and Service Center Sales.
  • Majestic Steel USA, founded in 1979 and headquartered in Cleveland, Ohio, is a privately held and family owned distributor and processor of flat-rolled steel.

Cleveland-Cliffs to Fully Redeem its 1.50% Convertible Senior Notes due 2025

Retrieved on: 
Mittwoch, Dezember 1, 2021
Automotive Manufacturing, Natural Resources, Manufacturing, Steel, Mining, Minerals, Dangerous, AK Steel Holding, Iron, Public expenditure, Government, Safety, Cliff, Risk, Environment, Workforce, Industry, Annual report, Trading company, Acquisition, Company, NYSE, Debt-to-GDP ratio, Compliance, Prevalence, Zinc, SEC, ArcelorMittal, Food, Agriculture, Conservation, and Trade Act of 1990, COVID-19, Economic policy of the Joe Biden administration, Coal, Depository Trust & Clearing Corporation, Depository Trust Company, Trade Expansion Act, Trade Act of 1974, Climate change, FPT, United, Bankruptcy, Note, Steel, Coke, Cleveland-Cliffs, Mining, Infection, Failure, Bank

Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has instructed the trustee to provide notice of redemption for all remaining $294 million of its 1.50% Convertible Senior Notes due 2025.

Key Points: 
  • Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has instructed the trustee to provide notice of redemption for all remaining $294 million of its 1.50% Convertible Senior Notes due 2025.
  • The redemption will take place on January 18, 2022, the earliest possible date for redemption pursuant to the Indenture governing the Notes.
  • Upon redemption or early conversion, the Company intends to pay 100 percent of the outstanding principal amount in cash.
  • This release is for informational purposes only and is neither an offer to buy nor a solicitation to sell any of the Notes.

Fastmarkets announces winners of 12th Annual Global Awards for Steel Excellence

Retrieved on: 
Freitag, November 12, 2021
View, Acquisition, Metal, Cleveland-Cliffs, Ryder, News, Steel Dynamics, SGX, LSE, Organization, Bank of America, CEO, Advocate, Growth, Creativity, Multimedia, Great Lakes, Nucor, Kelley Drye & Warren, Foreign exchange company, Great Lakes region, ArcelorMittal, GHG, Euromoney, Global Awards, Euromoney Institutional Investor, Bank, Risk management, Trust, London Stock Exchange, PRA, HBI, Iron, AK Steel Holding, Mining, Steel, Wool, Renewable energy, Recycling, Iron ore, Accounting

LONDON, Nov. 12, 2021 /PRNewswire/ --Fastmarkets, the industry-leading cross-commodity price reporting agency (PRA), isdelighted to announce the winners of the prestigious 12th annual Global Awards for Steel Excellence.

Key Points: 
  • LONDON, Nov. 12, 2021 /PRNewswire/ --Fastmarkets, the industry-leading cross-commodity price reporting agency (PRA), isdelighted to announce the winners of the prestigious 12th annual Global Awards for Steel Excellence.
  • The awards shine a spotlight on the groundbreaking innovations in the global steel industry.
  • "This year's winners are a testament to the creativity, passion and perseverance of the global steel supply chain," said Fastmarkets CEO Raju Daswani.
  • This year's panel of esteemed judges chose the "best of the best" from across the steel supply chain.

Triple Win for America's Cleveland-Cliffs at Ninth Annual S&P Global Platts Global Metals Awards

Retrieved on: 
Donnerstag, Oktober 14, 2021
Metal, Leadership, Alcoa, Cleveland-Cliffs, Industry, Environment, American Metal Company, Steel, Iron, Eucalyptus, Knowledge, S&P Global Platts, Mining, Efficiency, Deal, AK Steel Holding, Workforce, ArcelorMittal, Coeur Mining, ESG, Carbon, Safety, De Young, List of lifetime achievement awards, Aluminium, Culture, Iron ore

In its selection of Cleveland-Cliffs for top honors in three categories, the Global Metals Awards' judges commended the company and its helmsman Lourenco Goncalves for pervasive strength in strategy and execution. They pointed to the deal-making and project-management acumen – demonstrated through two key acquisitions and completion of a plant that produces an environmentally sustainable alternative to ferrous scrap and imported pig iron --  all simultaneous to implementation of a panoply of safety measures to safeguard its workforce during the pandemic.

Key Points: 
  • In its selection of Cleveland-Cliffs for top honors in three categories, the Global Metals Awards' judges commended the company and its helmsman Lourenco Goncalves for pervasive strength in strategy and execution.
  • Dave Ernsberger, Global Head of Pricing and Market Insight, S&P Global Platts, said:"Not surprisingly, but certainly encouraging, is the industry's increasing prioritization of innovation for a lower-carbon future, which was evident in the nominations and focus of Awards category participation in this year's Global Metals Awards."
  • For full details of the 2021 winners and judges' rationale, access the S&P Global Platts Insight Magazine and on-demand viewing of the showcase gala: https://gma.platts.com/ .
  • Winners of the 2021 S&P Global Platts Global Metals Awards are:

Cleveland-Cliffs Enters the Scrap Business and Announces Acquisition

Retrieved on: 
Montag, Oktober 11, 2021
Automotive, Mining, Minerals, Other Automotive, Manufacturing, Natural Resources, Steel, Company, Cleveland-Cliffs, Mining, Climate change, EAF, Workforce, Steel, Trade Act of 1974, COVID-19, BoF, Economic policy of the Joe Biden administration, Coal, EBITDA, AK Steel Holding, Failure, Zinc, MSCI EAFE, Safety, Industry, FPT, Annual report, SEC, Food, Agriculture, Conservation, and Trade Act of 1990, Bankruptcy, Iron, Prevalence, Coke, Infection, Trading company, Dangerous, Risk, United, CEO, NYSE, Cliff, Compliance, Acquisition, Government, Public expenditure, ArcelorMittal, Trade Expansion Act, Environment, Recycling, Iron ore

Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United States, representing approximately 15% of the domestic merchant prime scrap market.

Key Points: 
  • Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United States, representing approximately 15% of the domestic merchant prime scrap market.
  • FPT operates 22 scrap processing facilities, with approximately 90% of revenues originating from its Midwest locations, primarily in Michigan and Ohio.
  • FPT already enjoys an outsized position in automotive and industrial scrap, which is expected to grow as part of Cleveland-Cliffs.
  • Lourenco Goncalves, Cleveland-Cliffs Chairman, President and CEO said, Cleveland-Cliffs is entering the scrap business as a major player through the acquisition of a large scrap company.

Union Pacific Elects Sheri Edison to Board of Directors

Retrieved on: 
Donnerstag, September 30, 2021
AK Steel Holding, Steel, University School, American Family Insurance, Food, National Association, Amcor, The arts, University, Cardinal Health, Thomas Edison, Director, Law, Journalism, National Association of Corporate Directors, Retirement, Northwestern University Pritzker School of Law, Union Pacific Railroad, UNP, NYSE, Private practice, Union Pacific Corporation, Management

OMAHA, Neb., Sept. 30, 2021 /PRNewswire/ --Union Pacific Corporation today announced Sheri Edison has been elected to the company's board of directors, effective Dec. 1.

Key Points: 
  • OMAHA, Neb., Sept. 30, 2021 /PRNewswire/ --Union Pacific Corporation today announced Sheri Edison has been elected to the company's board of directors, effective Dec. 1.
  • "Sheri is a well-respected executive in the medical device and packaging industries who brings strong leadership experience across a unique combination of sectors to our board," said Lance Fritz, Union Pacific chairman, president and chief executive officer.
  • "Her vast experience leading critical business functions during her career will be beneficial to Union Pacific.
  • Currently, Edison serves on the board of directors for American Family Insurance and Cardinal Health, and on the board of visitors of the University of Wisconsin Waisman Center.

Baker Botts L.L.P. Represents JSW in Its Antitrust Group Boycott Lawsuit in Southern District of Texas Against Nucor, United States Steel and Cleveland-Cliffs

Retrieved on: 
Dienstag, Juni 8, 2021
JSW Group, Companies, JSW Steel Ltd, NIFTY 50, Nucor, JSW, AK Steel Holding

is pleased to represent Plaintiffs JSW Steel (USA) Inc. and JSW Steel Ohio, Inc. (collectively, "JSW") in their important antitrust lawsuit filed today in the Southern District of Texas against three of the largest domestic steel companies, Nucor Corp., United States Steel Corp., and Cleveland-Cliffs, Inc., including its recent acquisition, AK Steel Holding Corp.

Key Points: 
  • is pleased to represent Plaintiffs JSW Steel (USA) Inc. and JSW Steel Ohio, Inc. (collectively, "JSW") in their important antitrust lawsuit filed today in the Southern District of Texas against three of the largest domestic steel companies, Nucor Corp., United States Steel Corp., and Cleveland-Cliffs, Inc., including its recent acquisition, AK Steel Holding Corp.
  • The lawsuit alleges that the defendant companies conspired to boycott and refused to supply JSW with a critical feedstock, domestic semi-finished steel slab, beginning in 2018 and continuing until today.
  • The Baker Botts team is led by partners Joseph Ostoyich and Michael Calhoon, special counsel Julie Rubenstein, and associates Christopher Wilson and JoAnna Adkisson.
  • The team looks forward to vindicating the important rights of its clients.

Cleveland-Cliffs Provides Preliminary Fourth-Quarter 2020 Results

Retrieved on: 
Montag, Januar 25, 2021
Other Natural Resources, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Companies, Ohio, Cleveland-Cliffs Inc., ArcelorMittal, States of the United States, Cleveland, Toledo, Ohio, AK Steel Holding, HBI

Cleveland-Cliffs Inc. (NYSE: CLF) today announced its preliminary fourth-quarter financial results for the period ended December 31, 2020.

Key Points: 
  • Cleveland-Cliffs Inc. (NYSE: CLF) today announced its preliminary fourth-quarter financial results for the period ended December 31, 2020.
  • The Company will announce its full fourth-quarter 2020 earnings results before the U.S. market open on Thursday, February 25, 2021.
  • The preliminary results announced today cover the entire fourth-quarter 2020 period for both the AK Steel and legacy Cleveland-Cliffs businesses, and include the performance of Cleveland-Cliffs Steel (formerly ArcelorMittal USA) from the period of December 9, 2020, through December 31, 2020:
    Fourth-quarter 2020 consolidated revenues of approximately $2.2 to $2.3 billion, a ~320% increase over the prior-year period.
  • The state-of-the-art Direct Reduction plant recently built in Toledo, OH began operations in November of 2020, and production of Hot Briquetted Iron (HBI) started in December of 2020.