AK Steel's joint venture has completed $375 million financing for building a new iron ore pellet plant.
Zacks Investment Research downgraded Rio Tinto to a Zacks Rank #4 on May 17 on a sequentially weak production status for the first quarter of 2013.
Russian miner Mechel OAO has released its operational results for the first quarter of 2013.
CSN reported disappointing financial results for the first quarter of 2013 on May 15. The company's net income fell 82.4% year over year and settled at R$16.3 million (US$8.2 million). Earnings per share were R$0.01 or US$0.005 per ADR.
We have reiterated our Neutral recommendation on AK Steel.