TIANJIN RELIANCE STEEL CO., LTD

Jinghai District Tianjin City, China

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Under the Otter Tail Corporation Credit Agreement (as defined below), the maximum amount of debt outstanding in 2018 was $17.7 million on September 17, 2018 and the average daily balance of debt outstanding during 2018 was $5.5 million. The weighted average interest rate paid on debt outstanding under the OTC Credit Agreement during 2018 was 3.8% compared with 2.8% in 2017. Under the OTP Credit Agreement (as defined below), the maximum amount of debt outstanding in 2018 was $122.0 million on January 16, 2018 and the average daily balance of debt outstanding during 2018 was $21.6 million. The weighted average interest rate paid on debt outstanding under the OTP Credit Agreement during 2018 was 3.0% compared with 2.4% in 2017. The maximum amount of consolidated short-term debt outstanding in 2018 was $122.0 million on January 16, 2018 and the average daily balance of consolidated short-term debt outstanding during 2018 was $27.1 million. The weighted average interest rate on consolidated short-term debt outstanding on December 31, 2018 was 3.9%.

"The situation has become more precarious since the U.S. tariffs were imposed on our steel. Foreign pipes that previously entered the United States are now flooding the Canadian market, while it is also more difficult to sell our products on the American market because of the U.S. tariffs. So we are doubly affected. This is what we explained to the Tribunal, which has responded to the impact of dumping on our workers," said Duhamel, who testified before the CITT last month.

Camp Fontanelle, just north of Fremont. Owned by the Great Plains United Methodist Conference and open to all faiths. Preschool through adult one- to five-day residential camps, May 30-Aug. 2. Tuition: $82-$384. Info: 402-478-4296 or campfontanelle.com.

These elements will contribute to a targeted strong increase of our EBITDA in 2019. Free cash flow generation remains our top priority, with a renewed strong commitment to cash discipline. Based on current macroeconomic and market trends and the objectives outlined above, we would respect our banking covenant at the end of 2019."

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OTP accrued interim and rider rate refunds until final rates became effective. The final interim rate refund, including interest, of $9.0 million was applied as a credit to Minnesota customers’ electric bills beginning in November 2017. In addition to the interim rate refund, OTP refunded the difference between (1) amounts collected under its Minnesota ECR and TCR riders based on the ROE approved in its most recent rider update and (2) amounts that would have been collected based on the lower 9.41% ROE approved in its 2016 general rate case going back to April 16, 2016, the date interim rates were implemented. The revenues collected under the Minnesota ECR and TCR riders subject to refund due to the lower ROE rate and other adjustments were $0.9 million and $1.4 million, respectively. These amounts were refunded to Minnesota customers over a 12-month period beginning in November 2017 through reductions in the Minnesota ECR and TCR rider rates. The TCR rider rate is provisional and subject to revision under a separate docket.

This is a comprehensive four-day course designed to give a thorough understanding of the most important occupational safety and health compliance issues. It provides an increased knowledge of the standards and regulations and offers insight into the more complicated, and often confusing, elements of the OSH Act (CFR1910). The course provides compliance safety training to prepare all employees for the hazards found in manufacturing, service, and distribution companies.

OU heads to Tampa for a meeting with USF Sunday at 11 a.m. CT. Live stats will be available for the contest. 

On January 8, 2019, the Court granted Shandong Rongxin’s motion for judgment on the agency record and remanded Commerce’s Final Results. Rongxin challenged that their product, certain cased pencils from China, should be classified under a different rate from the country-wide one because they were independent from the Chinese government. Specifically, Rongxin contended that Commerce’s determination – that the Chinese government exerted, or has the potential to exercise, de facto control over Rongxin’s day-to-day operations (including the selection of management), resulting in the application of the non-market economy country-wide rate and not the separate, company-specific rate sought by Rongxin – was unsupported by substantial evidence and contrary to law. The Court agreed with Rongxin’s argument and remanded Commerce’s results for further explanation.

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Two potential matches for him are the New York Giants and Tampa Bay Buccaneers. New York’s defensive coordinator is James Bettcher, for whom Golden played when he had his big 2016 season. The Bucs are coached by Bruce Arians.

Thus, by 2020, the Group targets to achieve additional gross savings of at least €200 million on top of the €445 million already delivered at the end of 2018.

A number of equities research analysts have recently weighed in on TX shares. Banco Santander downgraded shares of Ternium to a “hold” rating and set a $35.00 price target for the company. in a research report on Wednesday, December 12th. Zacks Investment Research downgraded shares of Ternium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Santander downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. ValuEngine upgraded shares of Ternium from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Itau BBA Securities downgraded shares of Ternium from an “outperform” rating to a “market perform” rating in a research report on Monday, January 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Ternium currently has an average rating of “Hold” and an average target price of $36.50.

The financial income was negative at (€220) million versus (€174) million in 2017. The increase was mainly attributable to higher interest charges, as a result of the bonds issued in October 2017 and April 2018.


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