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Non-Tech : Oregon Steel Mills (OS:NYSE) Boom or Bust? -- Ignore unavailable to you. Want to Upgrade?


To: Chartgod who wrote (16)9/12/2000 12:37:53 PM
From: Laserguy  Respond to of 21
 
I would also take a serious look @ AKS

I keep my eye on them as the nations most profitable integrated steelmaker. Strong profit growth projected for FY00. Top that off with a 4.5+ % divided yield, it may not be a bad place to park some money.

Regards,
Lasrguy



To: Chartgod who wrote (16)9/12/2000 1:20:31 PM
From: June  Read Replies (1) | Respond to of 21
 
This is more factual than the USWA release.

chieftain.com


Pueblo, Colo.-Based Steel Company Recalls Workers ...

Sep. 7 (The Pueblo Chieftain/KRTBN)--Rocky Mountain Steel Mills has begun recalling workers to its seamless tube mill, a company spokeswoman said Tuesday, a move that could put more than 100 former strikers back to work.

Oregon Steel Mills, which owns Pueblo-based RMSM, said last week it planned to re-open the mill, which had been closed since May of 1999.

The move was prompted by increased oil drilling activity caused by continuing high prices of oil.

In October of 1997, nearly 1,000 members of the United Steelworkers of America staged a strike at the plant, offering to return to work 13 weeks later. The company brought back a few but told the rest they'd been replaced by new people hired during the strike. Oregon Steel has contended that the strike was over economic issues and is fighting the union's claim that strikers should have been reinstated because the walkout was over unfair labor practices -- a claim backed by a National Labor Relations Board administrative law judge.

However, even in an economic strike, once replacements are laid off, strikers have priority in being recalled.

Oregon Steel's Vicki Tagliafico said the employees "will be recalled from the preferential recall list of strikers based on qualifications and seniority.

She said the company expects the mill to be in operation by October.