12
May
20:59
Market sources debate impact of Longhi departure
On-the-ground reactions to the announced retirement of US Steel ceo Mario Longhi earlier this week have been many. Opinions appear to reveal a mix of acceptance and uncertainty about the company’s role in the predicted robust 2017 steel market, Kallanish reports.
Two buy-side sheet sources say they have been expecting Longhi’s departure for some time and attribute its sudden occurrence to US Steel’s surprise first-quarter loss of $180 million.
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Anonymous
Very good overview of the weekly steel market.
Anonymous