Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
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Fabrib
Forumer storico
AK Steel Holding Corp. agreed to pay $37.5 million to end an iron-ore pellet agreement with Magnetation LLC, which last week said it may cease operations.
AK Steel has a 49.9% stake in Magnetation, which had hoped to restructure following its bankruptcy filing in May. Grand Rapids, Minn.-based Magnetation may terminate the settlement agreement with AK Steel if it receives an alternative offer that would avoid a shutdown.
The settlement with AK Steel requires bankruptcy court approval, with a hearing set for Sept. 27.
West Chester, Ohio-based AK Steel expects to stop purchasing iron-ore pellets from Magnetation around Sept. 30. The company plans to record a charge of $37.5 million during the quarter the bankruptcy court approves the agreement. In July 2015, AK Steel said it recorded a $256.3 million write-down of its investment in Magnetation and didn't expect any additional financial effect.
AK Steel also said it expects to benefit from increased flexibility in purchasing iron-ore pellets after its accord with Magnetation is terminated.
Magnetation uses magnetic separators to recover iron-ore concentrate from waste stockpiles left behind from previous mining operations. The concentrate is processed into pellets that are sold to steelmakers
U.S. steelmakers have been hurt by low prices as the result of a glut of capacity and high levels of less expensive imports. The government's new import tariffs this year were a factor in improved second-quarter results at several big steel companies.
Write to Tess Stynes at tess.stynes@wsj.com
AK Steel has a 49.9% stake in Magnetation, which had hoped to restructure following its bankruptcy filing in May. Grand Rapids, Minn.-based Magnetation may terminate the settlement agreement with AK Steel if it receives an alternative offer that would avoid a shutdown.
The settlement with AK Steel requires bankruptcy court approval, with a hearing set for Sept. 27.
West Chester, Ohio-based AK Steel expects to stop purchasing iron-ore pellets from Magnetation around Sept. 30. The company plans to record a charge of $37.5 million during the quarter the bankruptcy court approves the agreement. In July 2015, AK Steel said it recorded a $256.3 million write-down of its investment in Magnetation and didn't expect any additional financial effect.
AK Steel also said it expects to benefit from increased flexibility in purchasing iron-ore pellets after its accord with Magnetation is terminated.
Magnetation uses magnetic separators to recover iron-ore concentrate from waste stockpiles left behind from previous mining operations. The concentrate is processed into pellets that are sold to steelmakers
U.S. steelmakers have been hurt by low prices as the result of a glut of capacity and high levels of less expensive imports. The government's new import tariffs this year were a factor in improved second-quarter results at several big steel companies.
Write to Tess Stynes at tess.stynes@wsj.com
Omero
Forumer storico
Vedo che Ekosem 8.5% continua a scendere, ci sono sentori negativi sul pagamento cedole di fine anno o altro? visto che hanno prolungato la scadenza del prestito, l'unica difficolta legata ai bond è il pagamento cedole. Vediamo se anche questo ultimo cefocone teutonico rimastoni in tasca, fa lo scherzetto
mariarosa78
Forumer attivo
Tabacco? Non conosco.....grazie
montebar
Forumer storico
il 30 settembre il bilancio del primo semestre
creditreform ha confermato il rating ccc con outlook stabile qualche settimana fa
essendo migliorata la situazione russa dovrebbe procedere normalmente.
altro non so
fabriziof
Forumer storico
Ho un cippino della 2021 ,quasi quasi prendo uno della 2022 ,sta parecchi punti sotto...
fabriziof
Forumer storico
2022 con iw:60,58 lettera 53 denaro ,ho lasciato perdere
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