Steel News

Northwest Pipe Announces Major Order

28 September 2004 - Northwest Pipe Co. has received a letter of intent from Colich & Sons of Los Angeles, Calif., for approximately $7 million of welded steel pipe for the Lancaster — Stage Five Recycled Water Transmission Pipeline, a project for the County Sanitation Districts of Los Angeles.

Steel Technologies Anticipates Record 4th Quarter Results

28 September 2004 - Steel Technologies expects to report record volume, sales, and earnings for the fourth quarter ending September 30, 2004.

Core Furnace Systems Announces Chairman

28 September 2004 - Core Furnace Systems Corp. announces the appointment of Dominic M. Faccone as Chairman of the Board of Directors of the company.

Steelworkers Ratify Agreement with Iron Ore Company of Canada

28 September 2004 - United Steelworkers members have ratified contracts with the Iron Ore Company of Canada (IOC) that improve benefits, wages and pensions.

AK Steel Makes $25,000 Contribution to Local Flood Relief Efforts

28 September 2004 - AK Steel has made a $25,000 contribution to the American Red Cross to assist in flood relief efforts in Butler County, Pa.

Production Ramps up at Upgraded ATI Allvac Mill

28 September 2004 - Production continues to ramp up at ATI Allvac's superalloy and specialty steel bar and rod mill in Richburg, S.C. Danieli Morgårdshammar recently completed major modifications at the plant to increase production capacity, improve plant efficiency and enhance final product quality.

Court Grants Stelco Extension of Stay Period

27 September 2004 - Stelco Inc. obtained an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring until November 26, 2004.

Debt Financing Approved for Mesabi Nugget Plant

27 September 2004 - Larry Lehtinen, President of Mesabi Nugget, LLC (MNC) announced that Mesabi Nugget, LLC has reached agreement with the State of Minnesota on $20 million of project debt financing for the Erie Nugget Plant to be located near Hoyt Lakes, Minn.

Steel Organizations Assert Support for Steel Import Monitoring System

27 September 2004 - Steel trade associations and the USWA, on behalf of their U.S. members, have submitted a joint comment to the Department of Commerce in response to the August 25th Federal Register notice regarding the continuation of the Steel Import Monitoring and Analysis (SIMA) system. Organizations participating in submission of comments included the American Iron and Steel Institute (AISI); United Steelworkers of America (USWA); Steel Manufacturers Association (SMA); Specialty Steel Industry of North America (SSINA); The Committee on Pipe and Tube Imports (CPTI); Steel Tube Institute of North America (STINA); and Cold Finished Steel Bar Institute (CFSBI).

CMC Secondary Metals Processing President to Retire

24 September 2004 - Commercial Metals Co. announced that Harry Heinkele, President of CMC's Secondary Metals Processing Division, will retire effective September 30, 2004 after more than 24 years with the company.

Berry Metal Announces New President

24 September 2004 - Berry Metal Co. announced the promotion of George J. Koenig to the position of President, effective immediately. He succeeds Theodore J. Leczo, who has elected to retire and pursue a career as a consultant.

Canadian Tribunal to Initiate Expiry Review of Welded Pipe

24 September 2004 - The Canadian International Trade Tribunal will initiate an expiry review of its order on carbon steel welded pipe from the Republic of Korea.

TXI Reports 1st Quarter Results

24 September 2004 - Texas Industries, Inc. reported net income of $35.9 million ($1.51 per share) for the quarter ended August 31, 2004. The same quarter last year showed a loss of $15.7 million ($.74 per share).

AISI Says China Must Live up to Its WTO Obligations

24 September 2004 - China’s failure to comply with its WTO obligations is having a significantly adverse impact on U.S. manufacturers, according to Andrew G. Sharkey III, President and CEO of the American Iron and Steel Institute (AISI). Testifying before the U.S. Trade Representatives Office, Sharkey stated that, “no issue is more important to their future than reversing this trend and making sure China lives up to its international obligations.”

Quality Magazine Names AK Steel to Top 100 List

24 September 2004 - AK Steel has been named to Quality magazine's list of the Top 100 companies in quality.

CMC Appoints Executive VP and Chief Operating Officer

24 September 2004 - Stanley A. Rabin, Chairman of the Board, President and CEO of Commercial Metals Co. announced the selection of Murray R. McClean as Executive Vice President and Chief Operating Officer of the company. McClean was selected for the newly created position by CMC’s Board.

Universal Stainless to Increase Bar Product Prices

23 September 2004 - Universal Stainless & Alloy Products, Inc. announced a 6% price increase effective on shipments scheduled for October 1, 2004 for all bar products including flats, hexagon and square bar products manufactured at its Bridgeville, Pa., and Dunkirk, N.Y., facilities.

Wheeling-Pittsburgh Closes Common Stock Offering

23 September 2004 - Wheeling-Pittsburgh Corp. recently closed its public offering of 3,650,000 shares of common stock, including 477,602 shares offered on behalf of certain selling shareholders, at a public offering price of $29.00 per share. The underwriters exercised their option to purchase 547,500 additional primary shares of common stock to cover over-allotments, which also closed on September 21, 2004.

Worthington Reports Record 1st Quarter Results

23 September 2004 - Worthington Industries, Inc. reported net earnings of $57.9 million on sales of $769.3 million for the first quarter of fiscal 2005 ended August 31, 2004.

EPA Says Domestic Air Cleanest Ever Since 1970

23 September 2004 - The U.S. Environmental Protection Agency (EPA) reports that total emissions of the six principal pollutants identified in the Clean Air Act dropped again in 2003, signaling that America's air is the cleanest ever in three decades.