Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
ALJ Announces Results for Fiscal Year 2009
04 January 2010 - ALJ Regional Holdings, Inc., the parent company of Kentucky Electric Steel, posted net income of $1.118 million for the fiscal fourth quarter, and net income of $53,161 for the fiscal year ended September 30, 2009.
California Steel Industries to Make Organizational Changes
31 December 2009 - California Steel Industries, Inc. is making three organizational changes, effective January 1, 2010. All three executive vice presidents will continue to report to Vicente Wright, President and CEO.
Esmark Acquires Excalibur Machine Assets
31 December 2009 - Esmark Industrial Group has completed the acquisition of assets of Meadville, Pa.-based Excalibur Machine Co., Inc. for $3.5 million in cash. David A. Luptak will become Chief Executive Officer and President of the newly formed Esmark Industrial Group with responsibility for Excalibur Machine.
UAW Members Ratify Contract Extension at Coshocton
30 December 2009 - Members of UAW Local 3462 ratify a three-year extension to the existing labor agreement at AK Steel's Coshocton Works.
Commercial Metals Reports First Quarter Loss
24 December 2009 - Commercial Metals reports a net loss of $31.2 million ($0.28 per share) on net sales of $1.4 billion for the quarter ended November 30, 2009, compared with net earnings of $62.0 million ($0.54 per diluted share) on net sales of $2.4 billion for last year's first quarter.
Siemens to Supply Coil Handling for Sterling Steel Wire Rod Mill
24 December 2009 - Siemens VAI Metals Technologies will supply a new, all-vertical coil handling system and extend the existing Stelmor system for Sterling Steel’s wire rod mill.
Evraz Inc. NA Secures Bank Financing
23 December 2009 - The closing of a US$225 million four-year committed revolving credit facility for Evraz Group S.A.'s U.S. wholly owned subsidiary, Evraz Inc. NA, will help the company finance its working capital requirements.
Tata Steel Launches Safety Mascot
22 December 2009 - Tata Steel aims to produce “injury-free steel” with help from its new safety mascot Jeevan, which is adorned with Personal Protective Equipment such as goggles, helmet, safety shoes, and jacket—mandatory gear before entering the Steel Works.
Allegheny Technologies Raises 4th Quarter Expectations
18 December 2009 - Allegheny Technologies Inc. is raising its earnings expectations for the fourth quarter 2009 earnings to the range of $0.20 to $0.25 per share.
Nucor Updates Fourth Quarter Guidance
17 December 2009 - Nucor updates its guidance for the fourth quarter ending December 31, saying that it now expects results to be breakeven to slightly positive.
Cliffs Added to S&P 500 Index
15 December 2009 - Standard & Poor’s will add Cliffs Natural Resources Inc.’s shares to the S&P 500 Index effective December 18 after the market closes. Cliffs also will be added to the S&P 500 GICS Steel Sub-Industry index.
AMMA Expresses Concern over EPA Analysis of Climate Legislation
15 December 2009 - The American Materials Manufacturing Alliance has issued a letter to Senators Bayh (D-IN), Specter (D-PA), Brown (D-OH), McCaskill (D-MO), and Stabenow (D-MI) regarding the U.S. EPA’s analysis of the impact that H.R. 2454 will have on energy-intensive, trade-exposed industries.
NLMK Launches New Environmental Project in Sinter Production
15 December 2009 - Novolipetsk Steel initiates a new environmental project at its Lipetsk sinter plant that is to help generate an 80% reduction in sinter dust emissions.
Severstal Launches Campaign for Unified Approach to Marketplace
14 December 2009 - Severstal North America has launched a new initiative, ONE Severstal, designed to promote a unified approach by all of its U.S. facilities to the marketplace. The campaign reflects the company’s recently completed North American commercial reorientation.
Steel Dynamics Updates 4th Quarter Guidance
11 December 2009 - Steel Dynamics updates its fourth quarter 2009 earnings guidance to the range of $0.10 to $0.20 per diluted share.
AK Steel Comments on China’s Preliminary Ruling for Electrical Steel Duties
11 December 2009 - AK Steel responds to the imposition of provisional duties by China's Ministry of Commerce (MOFCOM) on imported electrical steel products. Chairman, President, and CEO James L. Wainscott says the company is very disappointed by MOFCOM's preliminary findings.
Nucor Board Increases Cash Dividend
10 December 2009 - Nucor’s board of directors increases the regular quarterly cash dividend on the company's common stock by 2.9% to $0.36 per share.
ThyssenKrupp Holds Jobs Fair in Mobile County
10 December 2009 - ThyssenKrupp Steel USA and ThyssenKrupp Stainless USA holds jobs fair in Mount Vernon, Ala.
AK Steel to Further Increase Carbon Steel Prices
09 December 2009 - AK Steel announces an additional $30 per ton increase to spot market prices for carbon steel products for all new orders accepted for shipment on January 1, 2010 and later.
Cliffs Amends Definitive Agreement to Acquire Freewest
07 December 2009 - Cliffs Natural Resources has amended the terms of the previously disclosed definitive agreement to acquire Freewest Resources Canada Inc. Under the terms of the amended agreement, each Freewest shareholder will now receive CAD$0.90 per share of fixed consideration exclusively in the form of Cliffs common stock.