Steel News

AK Steel Employees Set World Casting Record

06 May 2010 - AK Steel employees at Middletown have set a world record for consecutive heats of carbon steel continuously cast on either a single- or double-strand caster.  Crews cast 474,131 tons of carbon steel slabs in 2156 consecutive heats over a 59-day sequence.

AK Steel, Carpenter Announce Price Increases

04 May 2010 - AK Steel announces increases of 6 to 9% on base prices for all 200, 300 and 400 series flat rolled stainless steel products, while Carpenter announces an average 5% increase in base prices for all specialty stainless, high temperature and electronic alloys in all product forms.

AK Steel Announces June Surcharges

04 May 2010 - AK Steel says it will add a $435 per ton surcharge to invoices for electrical steel products shipped in June 2010.

ArcelorMittal Leads by Example on Health and Safety Day

03 May 2010 - ArcelorMittal recently held its fourth annual Health and Safety Day, the theme for this year's event being “Leading by Example.” The event coincides with the International Labor Organization's World Day for Health and Safety at Work.

Carpenter Technology Reports Q3 Results

03 May 2010 - Carpenter Technology Corp. reported net income of $2.1 million ($0.05 per diluted share) for the third quarter ended March 31, 2010, compared to $13.1 million ($0.30 per diluted share) for the 2009 third quarter.

Universal Stainless Reports Further Recovery in Q1 2010

03 May 2010 - Universal Stainless & Alloy Products, Inc. reported sales for the first quarter of 2010 of $34.7 million, compared with $42.2 million in the first quarter of 2009 and $26.7 million in the fourth quarter of 2009.

Lakeside Steel Announces Strategic Alliance with Scot Industries

30 April 2010 - Lakeside Steel Inc. has agreed to terms on a key business alliance with Wooster, Ohio-based Scot Industries, which will provide thermal treatment services for Lakeside Steel.

ATI Allegheny Ludlum to Increase Stainless Prices

30 April 2010 - ATI Allegheny Ludlum is increasing base sales prices for cold-rolled and hot-rolled stainless sheet and strip products by approximately 6% effective with shipments beginning May 31, 2010.

Severstal NA to Sell Select Northern Steel Group Assets

30 April 2010 - Severstal North America enters into definitive agreement to sell some of the assets operated under Northern Steel Group, including Miami Valley Steel Service; Premier Resource Group; Electric Coating Technology; and U.S. Metals and Supply.

EPA Requires Improvements at Tonawanda Coke

30 April 2010 - The U.S. Environmental Protection Agency has ordered the Tonawanda Coke Corp. (TCC) to find and fix deficiencies in its operation of the coke manufacturing facility in Tonawanda, N.Y. EPA is also requiring TCC to explain two incidents that took place at the facility in 2009 and 2010, apparently due to power and equipment failures.

Tenova Core Resumes Work on Severstal Materials Handling System

30 April 2010 - Tenova Core has been contracted to design and supply a melt shop material handling system as part of the Severstal North America Phase II project at its Columbus, Miss., facility.

U. S. Steel Canada to Sell Bar, Bloom & Billet Mill to Max Aicher North America

29 April 2010 - U. S. Steel Canada enters into an agreement to sell the No. 1 Bar Mill and the No. 3 Bloom and Billet Mill at its Hamilton Works to Max Aicher (North America) Inc.

Allegheny Technologies Reports 1st Quarter 2010 Results

29 April 2010 - Allegheny Technologies reported net income of $18.2 million on sales of $899.4 million for the first quarter of 2010.

AK Steel Announces Pricing of Senior Notes Offering

29 April 2010 - AK Steel Corp. has successfully priced a $400 million underwritten public offering of its 7-5/8% senior notes due 2020.

Nucor Presents Quaker Chemical with Safety Award

28 April 2010 - Quaker Chemical was recently recognized by Nucor Steel for its ongoing commitment to the safety and well-being of their employees as well as those of their customers. A Safety Excellence Award was presented to Quaker Chemical during the Nucor Safety Summit.

United States Steel Reports 1st Quarter 2010 Results

28 April 2010 - United States Steel reports a net loss of $157 million on net sales of $3.9 billion for the first quarter of 2010.

AK Steel Announces Notes Offering, Cash Tender Offer and Consent Solicitation

27 April 2010 - AK Steel has commenced a registered offering of $400 million aggregate principal amount of its senior notes due 2020, a tender offer to purchase for cash outstanding Senior Notes due 2012, and a consent solicitation for proposed amendments to the indenture governing the Senior Notes due 2012.