Steel News

Lakeside Accelerates Completion of Alabama Treatment Facility

20 September 2011 - Lakeside Steel announced that construction is ahead of schedule for its new USD $7.5M state-of-the-art tubing thermal and end-finishing facility in Thomasville, Ala.

ArcelorMittal Princeton Receives 2010 Large Surface Mine Safety Award

19 September 2011 - Extra Energy's Virginia Point Surface Mine, wholly owned by ArcelorMittal, has been awarded the 2010 Large Surface Mine Safety Award by the Virginia Division of Mines, Minerals and Energy. ArcelorMittal's Twin State Mining's Highwall Miner #55 won the same award in the Small surface mine category.

Severstal North America Reports Favorable Ruling in Jefferson Court Case

16 September 2011 - Severstal has provided an update regarding the lawsuit between Severstal Columbus, LLC and Jefferson Iron and Metal Brokerage, Inc. regarding interpretation of their scrap procurement contract.

Nucor Announces Third Quarter Earnings Guidance

16 September 2011 - Nucor Corp. is forecasting results in the range of $0.45 to $0.55 per diluted share for its third quarter ending October 1, 2011.

Carpenter Powder Products Plans Facility Expansion in Sweden

15 September 2011 - Carpenter Technology has announced a major expansion of its Carpenter Powder Products facility in Torshälla, Sweden.

Evraz North America Announces Executive Vice President

15 September 2011 - Evraz North America announced the appointment of Kimberly Fields, a former General Electric executive, as Executive Vice President for its Flat Products Group.

ArcelorMittal Coatesville Supports Building of One World Trade Center

14 September 2011 - ArcelorMittal Coatesville has supplied more than 10,000 tons of plate and custom flame-cut parts from plate in various grades since 2007 for the new structure known as the One World Trade Center.

Steel Dynamics Provides Third Quarter Earnings Guidance

13 September 2011 - Steel Dynamics is expecting to report third quarter earnings in the range of $0.18 to $0.22 per diluted share, a decrease from the previous quarter due primarily to a substantial drop in anticipated third quarter flat rolled earnings.

AK Steel Announces Carbon Steel Price Increase

01 September 2011 - AK Steel announced plans to increase current spot market base prices for all carbon flat-rolled steel products, effective immediately with new orders.

Timken Announces New Vice President of Rail Business

31 August 2011 - The Timken Co. announced the appointment of Brian J. Ruel to the position of Vice President of Rail, effective Oct. 1.

Severstal North America Successful on Two Patent Cases

30 August 2011 - The jury award won by Severstal North America in its defense of ArcelorMittal’s patent infringement assertions has been upheld by the trial judge. Severstal says it also continues to achieve favorable decisions in a patent reexamination proceeding regarding a patent owned by ArcelorMittal regarding the production of aluminum-coated, boron-bearing carbon steel.

OAO Severstal Reports Second Quarter Results

29 August 2011 - OAO Severstal announced net profit of $602 million on revenue of $4,383 million for the second quarter, and net profit of $1,122 million on revenue of $8,110 million for the six months ended June 30, 2011.

Timken, UA to Accelerate Commercialization of Specialized Research

26 August 2011 - The University of Akron (UA) and The Timken Co. have announced an open-innovation agreement to accelerate technology development. The organizations plan to combine their expertise in materials and surface engineering at newly established laboratories in the UA College of Engineering.

Carpenter to Build New Premium Products Facility

26 August 2011 - Carpenter Technology announced plans to construct a new state-of-the-art manufacturing facility capable of producing approximately 27,000 additional tons per year. The new facility is to include remelting, forge, and associated finishing and testing capabilities.

Timken Evaluates $225 Million Expansion at Faircrest

25 August 2011 - The Timken Co. is considering an investment of $225 million at its Canton, Ohio-based Faircrest Steel Plant that would increase capacity, expand product range, and strengthen competitiveness of Timken® alloy steel bars.

Universal Completes Purchase of Patriot Special Metals

22 August 2011 - Universal Stainless & Alloy Products has completed its purchase of Patriot Special Metals, a nearly completed Greenfield facility located in North Jackson, Ohio.

Severstal NA Starts up New Cold Mill Complex at Dearborn

19 August 2011 - Severstal North America has successfully launched a new five-stand, six-high, 72-in-wide coupled pickle line tandem cold mill at its plant in Dearborn, Mich. The new facility is expected to ramp up to full capacity of 2.1 million net tons within six months.

EMCOR to Upgrade Electrical System for Indiana Harbor HSM

18 August 2011 - ArcelorMittal has awarded a contract to EMCOR Group subsidiary EMCOR Hyre Electric to upgrade the electrical systems for the company’s Indiana Harbor facility in East Chicago, Ind.

Keystone to Withdraw Registration Statement for Subscription Rights Offering

18 August 2011 - Keystone Consolidated Industries has decided not to proceed with its proposed subscription rights offering following the purchase of 1.55 million shares of Keystone common stock in a private transaction by majority shareholder Contran.

PBGC Negotiates Pension Funding for Sand Springs Workers

17 August 2011 - The Pension Benefit Guaranty Corporation has reached an agreement with Gerdau that will add $18.6 million in additional pension funding covering more than 780 workers and retirees in Sand Springs, Okla.