Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
AK Steel to Increase Carbon Steel Prices
01 December 2010 - AK Steel will increase current spot market base prices for all carbon flat-rolled steel products effective immediately with new orders.
Universal Stainless Reports Death of Founder Mac McAninch
30 November 2010 - Universal Stainless & Alloy Products, Inc. reported that its founder and recently retired Chairman, Clarence ("Mac") McAninch, passed away on November 27. McAninch founded Universal Stainless in 1994 by joining with a small group of investors to acquire the idled Stainless & Alloy Products Division of Armco Inc., in Bridgeville, Pa.
U. S. Steel Announces Management Changes
30 November 2010 - United States Steel has named Mark G. Tabler as Vice President-Operations at U. S. Steel Kosice. Tabler succeeds Patrick J. Mullarkey, who was recently named President of United Spiral Pipe, the company's large-diameter spiral welded pipe manufacturing joint venture. James F. Dudek will succeed Tabler as Plant Manager-Clairton Plant.
Schnitzer Steel to Acquire Macon Iron & Paper Stock
29 November 2010 - Schnitzer Steel Industries has executed a definitive agreement to acquire the assets of Macon Iron & Paper Stock Co., Inc., a metal recycler located in Macon, Ga.
Allegheny Technologies to Acquire Ladish
18 November 2010 - Allegheny Technologies Inc. (ATI) and Ladish Co., Inc. have entered into a definitive merger agreement whereby ATI will acquire Ladish for an aggregate fully distributed equity value of approximately $778 million. The transaction is expected to be completed in early 2011.
Severstal Reports Q3 2010, Nine-Month Results
17 November 2010 - OAO Severstal announced its financial results for the third quarter and nine months of 2010, including a Q3 net profit of $368 million and the restoration of a dividend payment.
AK Steel Receives Environmental Award from Honda
16 November 2010 - AK Steel has received Honda's Green Factory Environmental Achievement Award in the category of Conservation of Natural Resources. The award recognizes the company’s ongoing environmental restoration efforts at its steel plant in Coshocton, Ohio.
AISI Welcomes Gerdau Ameristeel as Newest Member
12 November 2010 - The American Iron and Steel Institute is welcoming Gerdau Ameristeel - North America’s fourth-largest steel company - as its newest member.
Praxair Technology Helps ArcelorMittal Win AIST Award
11 November 2010 - Praxair, Inc. announced that its Dilute Oxygen Combustion (DOC) technology, installed at ArcelorMittal in Indiana, contributed to the steelmaker receiving the 2010 Energy Achievement Award from the Association for Iron & Steel Technology (AIST).
Severstal Extends Idling of Sparrows Point Mill Operations
10 November 2010 - Severstal North America is extending the idling of its primary and hot mill operations at the company’s Sparrows Point Mill through the first quarter of 2011. Sparrows Point will continue to provide product to a limited number of its cold-roll and coated-products customers.
U. S. Steel Tubular Products Honors 2010 Chief Roughneck Awardee
10 November 2010 - U. S. Steel Tubular Products has named Aubrey K. McClendon, Chairman of the Board and Chief Executive Officer of Chesapeake Energy as the recipient of its Chief Roughneck Award for 2010.
Severstal NA to Increase Flat Rolled Prices
10 November 2010 - Severstal NA announced plans to increase prices immediately by a minimum of $40 per ton for all hot rolled, cold rolled, and galvanized products. The company also is planning to revise pricing for all new orders promised for January 1, 2011 and later.
OSHA Fines Republic Engineered Products
09 November 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration has cited Republic Engineered Products Inc. with one alleged willful, four repeat, and eight serious safety violations for exposing its workers to fall hazards, failing to provide protective equipment, and failing to maintain equipment at its Lorain, Ohio, facility.
Canadian Steelworkers Critical of U.S. Steel Lockout
09 November 2010 - U.S. Steel recently locked out 900 workers at its Hamilton Works facility for refusing “major, unilateral contract concessions,” according to Canadian steelworkers. The cuts include pension changes that also would affect 9000 retired workers receiving pensions.
AK Steel to Increase Carbon Steel Prices
08 November 2010 - AK Steel will increase current spot market base prices for all carbon flat-rolled steel products effective immediately with new orders.
Keystone Reports Third Quarter 2010 Results
05 November 2010 - Keystone Consolidated Industries, Inc. reported net income of $2.3 million, or $0.19 per diluted share, in the third quarter of 2010 as compared to net income of $5.9 million, or $0.48 per diluted share, in the third quarter of 2009.
Cliffs Ranks in Top 100 for Sustainability
03 November 2010 - Cliffs Natural Resources Inc. was named to the Global 1000 Sustainable Performance Leaders, achieving an overall ranking of 97 among other publicly traded global companies. It also ranked fourth among the 64 companies recognized in the Metals and Mining category.
Carpenter Technology Reports First Quarter Results
02 November 2010 - Carpenter Technology Corp. reported net income of $7.6 million, or $0.17 per share, for the quarter ended September 30, 2010. This compares to a net loss of $9.3 million, or negative $0.21 per share, for the same quarter a year ago. Net sales for the first quarter were $351.7 million, up 50% from the prior year.
AK Steel Announces December 2010 Surcharges
02 November 2010 - AK Steel says it will add a $285 per ton surcharge to invoices for electrical steel products shipped in December 2010.
Universal Stainless Announces Resignation of Chief Technology Officer
02 November 2010 - Universal Stainless & Alloy Products announced the resignation of Arthur C. Reardon, the company’s Chief Technology Officer, effective October 29, 2010.