-(1)-Reinhausen-(1).jpg?lang=en-US&ext=.jpg)
Veolia.gif?width=200&height=200&mediaprotectionhash=4deca34a0d5a00013b5a0ccdc2dcf98fd2c17aabb57eb7bbb27200552f29c247&ext=.gif)
Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Gerdau Ameristeel Announces Acquisition of Metro Recycling
28 October 2008 - Gerdau Ameristeel announces its acquisition of Metro Recycling, a scrap processor headquartered in Guelph, Ont.
Severstal Resources Reports Results of Takeover Bid
27 October 2008 - Severstal Resources’ offer to purchase the outstanding common shares of PBS Coals Limited expired last Friday, October 24, 2008.
Cliffs Updates 2008 Full-Year Outlook
24 October 2008 - Cliffs Natural Resources updates its 2008 full-year outlook in conjunction with a definitive joint proxy statement/prospectus for the company’s proposed merger with Alpha Natural Resources.
GE Provides $200-Million Asset-Based Loan to Severstal Warren
24 October 2008 - GE Commercial Finance Corporate Lending provides a $200-million asset-based credit facility to Severstal Warren for ongoing working capital needs.
Universal Stainless Reports 3rd Quarter Results
24 October 2008 - Universal Stainless & Alloy Products reports net income of $2.7 million on sales of $57.6 million for the third quarter, and net income of $12.7 million on sales of $178.0 million for the first nine months of 2008.
Worthington Industries Announces Layoffs, Facility Closings
24 October 2008 - Worthington Industries will reduce its workforce by nearly 300 through a combination of layoffs and closure of the company’s Louisville steel processing facility and its Renton, Wash., metal framing facility.
Allegheny Technologies Reports Third Quarter Results
23 October 2008 - Allegheny Technologies Inc. reported net income of $144.1 million on sales of $1.39 billion for the third quarter, and net income of $455.0 million on sales of $4.20 billion for the nine months ended September 30, 2008.
Steelworkers Ratify Four-Year Contract with ArcelorMittal
22 October 2008 - Members of the United Steelworkers overwhelmingly ratify a new four-year contract with ArcelorMittal in a mail-in secret ballot vote that concluded Tuesday.
AK Steel Reports Record 3rd Quarter Net Income
22 October 2008 - AK Steel reports record quarterly net income of $188.3 million on net sales of $2,157.6 million for the third quarter, and record net income of $434.6 million on record sales of $6,185.6 million for the first nine months of 2008.
Nucor Reports Record 3rd Quarter Results
17 October 2008 - Nucor reports record consolidated net earnings of $734.6 million on record consolidated net sales of $7.45 billion for the third quarter, and record consolidated net earnings of $1.73 billion on record consolidated net sales of $19.51 billion for the first nine months of 2008.
Cleveland-Cliffs Is Now Cliffs Natural Resources
16 October 2008 - Cleveland-Cliffs officially changes its name to Cliffs Natural Resources, and formally adopts ‘Cliffs,’ the one-word name by which it is commonly known.
GE Corporate Lending Increases Project Financing for Severstal Columbus
16 October 2008 - GE Commercial Finance Corporate Lending increases senior secured financing for Severstal Columbus, formerly known as SeverCorr, by $100 million.
Steel Dynamics Reports Strong Third Quarter Results
16 October 2008 - Steel Dynamics reports net income of $193 million on net sales of $2.6 billion for the third quarter, and record net income of $546 million on record net sales of $6.9 billion for the first nine months of 2008.
Cleveland-Cliffs Adopts Shareholder Rights Plan
15 October 2008 - Cleveland-Cliffs directors adopt a shareholder rights plan intended to protect the company and its shareholders from potentially coercive takeover practices or takeover bids.
Worthington Industries Announces New President
14 October 2008 - Worthington Industries appoints George P. Stoe as President, in addition to his current duties as Chief Operating Officer.
Cleveland-Cliffs Confirms Results for October 3 Special Shareholders Meeting
13 October 2008 - Cleveland-Cliffs reports that shareholders rejected Harbinger Capital Partners’ control share acquisition proposal during the special shareholders meeting held on Oct. 3, 2008, based on results provided by IVS Associates, the independent Inspector of Elections.
EPA Report Showcases American Steel Industry’s Steep Decline in Emissions
13 October 2008 - A just-released report by the U.S. Environmental Protection Agency recognizes the American steel sector for its 67% decline of total normalized and absolute emissions between 1995 and 2006, despite production increases.
Universal Stainless Reports Bridgeville Labor Agreement, 3Q Guidance Revision
13 October 2008 - Universal Stainless & Alloy Products’ announcement of a new 5-year collective bargaining agreement at its Bridgeville facility is tempered by the concurrent announcement of a downward revision in third quarter earnings guidance.
World Steel Association Sets Target for Data Collection
10 October 2008 - The World Steel Association reports on its success to date on phase 1 of its CO2 emissions data collection program, and sets a stretch target to the end of the year for completion of data collection.
RSI to Supply X-ray Thickness Gauge for Severstal Sparrows Point Hot Mill
10 October 2008 - Radiometric Services & Instruments will supply a complete new X-ray thickness gauging system for Severstal Sparrows Point’s 68-inch hot strip mill.
