trending Market Intelligence /marketintelligence/en/news-insights/trending/3wR9VS1NQFvWABpQ4e7jCw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ampco-Pittsburgh to sell Canadian unit amid ongoing restructuring

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Ampco-Pittsburgh to sell Canadian unit amid ongoing restructuring

Ampco-Pittsburgh Corp. plans to sell Canadian subsidiary ASW Steel Inc. as part of a restructuring plan which kicked off in late 2018 with the sale of the company's Vertical Seal division.

The development comes after the company booked a net loss of US$59.7 million for the fourth quarter of 2018, comprising US$41.0 million related to continuing operations and US$18.7 million related to discontinued operations.

For the full year, the company booked a net loss of US$67.5 million, with US$43.6 million attributed to continuing operations and US$23.9 million related to discontinued operations.

The full-year figure includes an impairment charge of US$15.0 million, or US$1.21 per share, on ASW Steel, which was classified as a discontinued operation in the company's 2018 financial results released March 14.

Ampco-Pittsburgh expects to consolidate more assets this year.