Russia Reinforces Its Market and ETF Presence With U.S. Steel Buyout

Exchange traded funds (ETFs) could reap the rewards as the Russians add to their presence in the U.S. steel industry. In the biggest takeover of the year within the global steel industry, Novolipetsk of Russia is buying out John Maneely of Ohio for $3.5 billion. John Maneely is not an actual steel maker, but is one [...]