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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Carpenter Technology Reports 4th Quarter, Full Year Results
31 July 2009 - Carpenter Technology reports a $20.8 million loss from continuing operations on net sales of $256.9 million for the fiscal fourth quarter and $47.9 million net income on net sales of $1.362 billion for the full fiscal year ended June 30, 2009.
AK Steel to Increase Prices for Carbon Steel Products
31 July 2009 - AK Steel says it will increase spot market prices for carbon steel products effective with all new orders for September and October shipment.
Timken Reports 2nd Quarter Results
31 July 2009 - Timken reports a loss of $64.5 million on sales of $828.9 million for the second quarter, and a net loss of $63.6 million on sales of $1.79 billion for the first six months of 2009.
Universal Stainless Reports 2nd Quarter 2009 Results
30 July 2009 - Universal Stainless & Alloy Products reports a net loss of $400,000 on sales of $30.8 million for the second quarter, and a net loss of $4.2 million on sales of $72.9 million for the first six months of 2009.
Timken to Sell Needle Roller Bearings Business to JTEKT
30 July 2009 - Timken signs agreement to sell the assets of its Needle Roller Bearings business, which serves primarily the automotive OE sector, to Japan’s JTEKT Corp. in a cash transaction.
U.S. Steel Reports Second Quarter Results
29 July 2009 - United States Steel reports a net loss of $392 million on net sales of $2.1 billion for the second quarter, and a net loss of $831 million on net sales of $4.88 billion for the first six months of 2009.
Three ArcelorMittal Stainless Sites Achieve Zero Accident Milestones
27 July 2009 - ArcelorMittal celebrated the recent achievement of safety milestones by ArcelorMittal Ústí in the Czech Republic, ArcelorMittal Firminy in France, and ArcelorMittal Sersheim in Germany.
Severstal Names New CEO for Severstal International, Severstal NA
24 July 2009 - OAO Severstal announces the appointment of Sergei Kuznetsov as CEO of Severstal International and Severstal North America, replacing Gregory Mason, who will be leaving the company.
Nucor Reports 2nd Quarter, First Half Results
24 July 2009 - Nucor reports a consolidated net loss of $133.3 million on consolidated net sales of $2.48 billion for the second quarter, and a consolidated net loss of $323.0 million on consolidated net sales of $5.13 billion for the first six months of 2009.
ALJ Announces Modifications to KES Senior and Subordinated Debt Terms
23 July 2009 - ALJ Regional Holdings operating subsidiary KES Acquisition amends terms of its senior credit facility and the junior indebtedness evidenced by its 8% subordinated secured notes.
Allegheny Technologies Reports 2nd Quarter Results
23 July 2009 - Allegheny Technologies reports a net loss of $13.4 million (including special charges) on sales of $710.0 million for the second quarter and a net loss of $7.5 million (including special charges) on sales of $1.54 billion for the first six months of 2009.
Steel Dynamics Reports 2nd Quarter 2009 Results
23 July 2009 - Steel Dynamics reports a net loss of $16 million on net sales of $792 million for the second quarter, and a net loss of $104 million on net sales of $1.61 billion for the first six months of 2009.
AK Steel to Make Pension Trust Fund Contribution
22 July 2009 - AK Steel’s board of directors has authorized the company to make a $110-million contribution to its pension trust fund, double the company's $55 million required funding for the balance of 2009.
AK Steel Reports 2nd Quarter Results
22 July 2009 - AK Steel reports a net loss of $47.2 million on net sales of $793.6 million for the second quarter, and a net loss of $120.6 million on sales of $1,715.8 million for the first six months of 2009.
Gerdau Ameristeel to Redeem 10 3/8% Senior Notes due at 2011
20 July 2009 - Gerdau Ameristeel announces its intentions to fully redeem its $405 million 10 3/8% Senior Notes due 2011 on August 31, 2009.
Mesabi Trust Declares No Distribution
20 July 2009 - Trustees of the Mesabi Trust have decided to not distribute any royalty income for the quarter ended July 31, 2009, due in part to a significant decrease in iron ore shipments combined with the extended shutdown of mining operations at Northshore Mining Co.
L.B. Foster to Deliver Gerdau Ameristeel Sheet Piling for New Orleans Flood Walls
20 July 2009 - L.B. Foster will provide steel sheet piling manufactured by Gerdau Ameristeel to the U.S. Army Corps of Engineers for construction of T-wall type flood walls in the New Orleans area.
Worthington Reports 4th Quarter, Full-Year Results
16 July 2009 - Worthington Industries reports a net loss of $13.7 million on net sales of $471.6 million for the quarter and a net loss of $108.2 million on net sales of $2.6 billion for the year ended May 31, 2009.
Arbitrator Orders AK to Keep Ashland Plant Operating
16 July 2009 - An independent arbitrator orders AK Steel to abandon plans to shut down its Ashland, Ky., plant and look instead at cutting production elsewhere.
ALJ Releases 2nd Quarter Revenue Performance
10 July 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $19.4 million for the quarter and revenues of $85.9 million for the nine months ended June 30, 2009.
