Industry insiders shrug off steel price concerns
Article Abstract:
Steel producers in the country are experiencing difficulties due to the high volume of imported steel in 1996. Pricing forecasts for the industry have also changed, causing steel stocks to be left behind in the market. On the other hand, while analysts predict the decline of steel prices in the future, Wall Street's opinion over the pricing and investment opportunities for the industry remains negative. However, industrialists are optimistic in the investment opportunities in their own company shares despite the disagreement between the steel industry and Wall Street.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1997
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Weirton Steel Corp. - WS
Article Abstract:
Weirton Steel Corp.'s executives are increasing their holdings at discounted prices. Pres. Richard Riederer made his biggest open-market acquisition ever by buying 30,450 additional shares to his common holdings of 4,325 shares. Officer and Dir. Craig Costello bought 15,000 shares, VP William Kiefer acquired 10,000 shares, while Officer Earl Davis purchased 20,000 shares. Seven insiders have bought 105,730 shares at $2.50-$2.75 each from Nov. 20-Nov. 22, 1996.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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