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Steel Dynamics Finishes Rough Year with Strong Results, Cheery Outlook for Market
Industry Segment: Metals & Minerals | Word Count: 658 Words
Attachment: SteelDyn4Q20
SUGAR LAND January 27, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Steel Dynamics Incorporated (NASDAQ:STLD) (Fort Wayne, Indiana) has some good news for the U.S. steel market: The company believes steel consumption will grow and prices will strengthen in 2021. The steel producer s fourth-quarter revenues jumped more than 10% from the same period in 2019, propelled by strong demand and tight supply dynamics. Industrial Info is tracking nearly $2 billion worth of active projects from Steel Dynamics.
Within this article: Details on some of Steel Dynamics highest-valued projects, including a flat-rolled steel mill in Texas that is set to wrap up later this year.
Corteva Confirms Receipt of Starboard Value s Intent to Nominate Directors at Annual Meeting
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WILMINGTON, Del., Jan. 21, 2021 /PRNewswire/ Corteva, Inc. (NYSE: CTVA) today confirmed receipt of notice from Starboard Value of its intent to nominate individuals to stand for election to Corteva s Board of Directors (the Board ) at the Company s upcoming 2021 Annual Meeting of Stockholders. The Company issued the following statement:
Greg Page, Independent Chairman of Corteva, said, Corteva s Board and management value the input of all our shareholders and we have met several times with Starboard. We understand their views, are in agreement on many points, and we look forward to continuing our dialogue. However, thus far, Starboard has not discussed with us specific operational recommendations for how to improve performance and the Board is unanimous in its view that Jim Collins proven track record and industry expertise make
is expected to post a strong set of results for its financial year ended Dec 31,2020 (FY20) on the back of higher availability factor, despite some margin pressure coming from the resources and packaging segments due to freight-related issues, said PublicInvest Research.
The availability factor for the company’s Don Sahong hydropower station in Laos in the fourth quarter of FY20 is expected to be higher than the third quarter of FY20’s 92.2%, given the higher water level during the wet period.
The availability factor of a power plant is the percentage of the time that it is available to provide energy to the grid.
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