Steel News

New VAI Workshop in China makes First Deliveries

01 April 2005 - Voest-Alpine Industrieanlagenbau (VAI), has officially opened a new workshop — VAI Manufacturing (Taicang) Co. Ltd. — in China.

SMS Demag to Supply Bloom/Beam Blank Caster for Gerdau Acominas

01 April 2005 - Gerdau Açominas, Brazil, has awarded a contract to SMS Demag Inc., Pittsburgh, and SMS Demag Ltda., Brazil, to supply a combination bloom/beam blank casting machine, ladle rinsing station and water treatment facility.

ThyssenKrupp Stahl to Cut Back 2nd Quarter Production

01 April 2005 - ThyssenKrupp Stahl AG announced that it will reduce its steel production in the second quarter of 2005 by around 500,000 tonnes.

Posco Completes Hydroforming Plant

01 April 2005 - Posco recently completed construction of its state-of-the-art Hydroforming Plant for the integrated support system for automotive steel plates.

Mittal Steel Proposes Final Package to Huta Czestochowa Trade Unions

01 April 2005 - Mittal Steel Co. has made its final proposal to the trade unions of Huta Czestochowa and its subsidiaries. The April 26, 2005 proposal follows seven weeks of intense negotiations.

Year-to-Date Steel Import Totals Continue to Rise

01 April 2005 - The United States imported a total of 2,361,000 net tons of steel in February according to the American Iron and Steel Institute (AISI). The AISI report, which is based on preliminary Census Bureau data, shows the import totals include 1,727,000 net tons of finished steel.

ATI Adjusts Electrical Steel Raw Materials Surcharge

31 March 2005 - ATI Allegheny Ludlum will add a surcharge of $300 per ton ($15.00/cwt.) to silicon electrical steel invoices. The new surcharge will take affect with shipments beginning Friday, April 1, 2005.

Stelco Authorized to Access Capital Markets

31 March 2005 - Stelco Inc. has received Court authorization to access the capital markets in pursuit of new capital in the form of equity or a combination of debt and equity.

Northwest Pipe Awarded $23 Million Welded Steel Pipe Order

30 March 2005 - Northwest Pipe Co. has been awarded a contract to manufacture and furnish approximately $23 million of welded steel pipe to East Cherry Creek Valley Water & Sanitation District (ECCV) in Aurora, Colo.

Cleveland-Cliffs Announces New $350 Million Credit Facility

30 March 2005 - Cleveland-Cliffs Inc has entered into a $350 million unsecured credit agreement with a syndicate of 13 financial institutions, jointly led by Fifth Third Bank and Bank of America Corp.

AK Steel Earns Coke Plant Safety Award

30 March 2005 - Employees of AK Steel’s Middletown Works coke plant have earned the Max Eward Safety Award for the fifth consecutive year. The award, presented by the American Coke and Coal Chemicals Institute (ACCCI), recognizes the member coke plant having the best U.S. safety record during 2004.

Clear Thinking Group to Serve as Liquidation Trustee for Slater Steel

30 March 2005 - Clear Thinking Group, LLC, and Joseph E. Myers, a partner and managing director, have been appointed liquidation trustee for Slater Steel, Inc. The appointment became effective with confirmation of the company's Chapter 11 Plan of Reorganization by the U.S. Bankruptcy Court, District of Delaware.

Wheeling-Pittsburgh Names New President and COO

30 March 2005 - Wheeling-Pittsburgh Steel Corp. announced that Harry L. Page, 58, will assume the new position of President and Chief Operating Officer, effective April 1, 2005. James G. Bradley will continue as Chairman of the Board and CEO.

U. S. Steel Announces General Manager for Minnesota Ore Operations

29 March 2005 - United States Steel Corp. announced the appointment of Dennis G. Quirk to the position of General Manager of Minnesota Ore Operations, reporting to David H. Lohr, Vice President—Plant Operations.

Northwest Pipe Announces Major Order

25 March 2005 - Northwest Pipe Co. has received a letter of intent to supply approximately $9 million of welded steel pipe for the San Juan Chama Pipeline project for the City of Albuquerque.

TXI Reports 3rd Quarter Results, Still Looking to Spin off Steel Operations

25 March 2005 - Texas Industries, Inc. reported net income of $16.0 million for the quarter ended February 28, 2005.

AK Steel Receives Dual Supplier Awards from Toyota

25 March 2005 - AK Steel has once again earned dual supplier awards from Toyota Motor Manufacturing North America, Inc.

Republic Reports 2004 Financial Results

25 March 2005 - Republic Engineered Products Inc. reported net income of $39.3 million on net sales of $1.19 billion for the year ended December 31, 2004.

Ipsco to Add High-speed Finishing Facilities at Blytheville Pipe

25 March 2005 - March 25, 2005 — Ipsco Inc. is installing a state-of-the-art high speed Oil Country Tubular Goods finishing lines at its Blytheville, Ark., pipe mill.

Stelco Seeks Approval to Sell Interest in Camrose Pipe

25 March 2005 - Stelco Inc. has applied for a Court order approving the sale by Stelcam Holdings Inc., a wholly-owned subsidiary of Stelco, of its partnership interest in Camrose Pipe Co. to Canadian National Steel Corp. (CNSC). CNSC, an indirect subsidiary of Oregon Steel Mills Inc., is the other partner in the Camrose Pipe Partnership.