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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

Latest News

ArcelorMittal Kryvyi Rih Recognized for Environmental Protection

21 January 2010 - ArcelorMittal Kryvyi Rih has been named Environment Protection Leader 2009 within the “Ecology, environment, and nature management Ukraine” national project, for consistently introducing modern environmentally friendly technologies and equipment.

Nucor Foundation Reaches New Milestone in Support of Education

20 January 2010 - Nucor’s Nucor Foundation celebrates a new milestone support of education by awarding $4.4 million in scholarships to nearly 2000 students.

Latrobe Specialty Steel Wins AIST Award for VIM-VAR Expansion

19 January 2010 - The Association for Iron & Steel Technology will present Latrobe Specialty Steel with its 2009 Project Excellence award for the company’s VIM-VAR expansion project.

Kobe Steel Begins Production using ITmk3 Process

18 January 2010 - The world's first commercial plant using Kobe Steel’s ITmk3 process successfully began production of iron nuggets in the United States on January 12. Production is expected to reach the facility's annual design capacity of 500,000 tonnes in mid-2010.

Severstal to Restart Martins Ferry Coating Line

18 January 2010 - Severstal NA recently announced that the Martins Ferry, Ohio, coating line of Severstal Wheeling will return to operation on January 25. The number of recalled employees will vary from week to week based on order entry levels.

Harsco Receives Two Mill Services Contracts in the U.S.

18 January 2010 - Harsco Corp. is the recipient of two multiyear specialty metal processing services contracts, including one at a new operating location for Harsco, worth as much as $70 million over their duration. Both contracts are with specialty metals producer ATI Allegheny Ludlum.

Steel Dynamics Starts Production of Mesabi Nuggets

14 January 2010 - Steel Dynamics produces its first batch of iron nuggets at its Mesabi Nugget facility at Hoyt Lakes, Minn., marking the world's first commercial production of nuggets using the ITmk3 process developed by Kobe Steel Ltd.

AK Steel Increases Price for Carbon Steel Products

13 January 2010 - AK Steel announces an additional $60 per ton increase to spot market prices for carbon steel products immediately for all new orders.

Crucible, Latrobe Specialty Steel Distribution to Partner on CPM Marketing

13 January 2010 - Crucible Industries entered into partnership with Latrobe Specialty Steel Distribution for the sales and marketing of Crucible Particle Metallurgy.

Nucor’s Rutkowski to Retire

12 January 2010 - Nucor Executive Vice President of Business Development Joseph A. Rutkowski will retire at the end of February after 21 years of service with the company. Effective March 1, 2010, R. Joseph Stratman will assume responsibility for business development activities while continuing his role as EVP of Beam and Plate Products.

Gerdau Ameristeel Defers Early Adoption of International Financial Reporting Standards

11 January 2010 - Gerdau Ameristeel will defer early adoption of IFRS until periods beginning on or after January 1, 2010.

Schnitzer Steel Reports Q1 Results

08 January 2010 - Schnitzer Steel Industries reports diluted earnings per share from continuing operations of $0.23 for its fiscal 2010 first quarter ended November 30, 2009. This compares with diluted loss per share from continuing operations of $1.16 during the first quarter of fiscal 2009.

Nucor CEO Recognized by Harvard Business Review

08 January 2010 - Harvard Business Review recognizes Chairman, CEO, and President Dan DiMicco and Nucor's management team in its ranking of "The Best-Performing CEOs in the World" in the January-February 2010 edition.

Gerdau Ameristeel Sand Springs Mill to Remain Idled

08 January 2010 - Gerdau Ameristeel will continue the idling of its Sand Springs steel mill for the foreseeable future, despite a comprehensive proposal from the State of Oklahoma and City of Sand Springs aimed at maintaining steel production at the company's Sand Springs steel mill.

U. S. Steel, Others File for Critical Circumstances in Tubular Trade Case

08 January 2010 - U.S. Steel and other petitioning parties will make an allegation of "critical circumstances" in the ongoing antidumping and countervailing duty investigations into seamless standard, line and pressure pipe from China.

Worthington Reports Q2 Results

07 January 2010 - Worthington Industries, Inc. reports net sales of $448.0 million and net earnings of $23.2 million, or $0.29 per diluted share, for the fiscal 2010 second quarter ended November 30, 2009. The results show sequential improvement from the first quarter.

AK Steel Announces February 2010 Surcharges

06 January 2010 - AK Steel will add a $235 per ton surcharge to invoices for electrical steel products shipped in February 2010.

Posco to Invest 7 Trillion KRW in Green Growth

05 January 2010 - Posco announces plans to invest 7 trillion KRW in green growth sectors including synthetic natural gas, SMART nuclear reactors, wind power, fuel cell for power generation, and smart grid in support of its green growth vision of “Global Green Growth Leader”.

Timken Finalizes Sale of Needle Roller Bearings Business

05 January 2010 - The Timken Co. has completed the sale of its Needle Roller Bearings business to Japan’s JTEKT Corp. The business manufactures highly engineered needle roller bearings for automotive and industrial applications.

Fatalities at ArcelorMittal South Africa’s Newcastle Works

04 January 2010 - Four employees of ArcelorMittal South Africa lost their lives following an accident at its Newcastle plant in KwaZulu Natal on December 30. A fifth employee was hospitalized in stable condition. The employees were working on Basic Oxygen Furnace No. 3 when they collapsed as a result of a suspected gas leak.