09 October 2008 - Severstal Sparrows Point settles an ongoing case involving alleged violations of federal PCB regulations at its Sparrows Point, Md., steelmaking facility.

ALJ Releases 2008 Annual Results

07 October 2008 - ALJ, the parent company of Kentucky Electric Steel, reports record revenues of $185.6 million for the fiscal year ended September 30, 2008.

U.S. Army Stryker Combat Vehicles to Use New ATI Armor Steel

07 October 2008 - Allegheny Technologies’ next-generation ATI 500-MIL armor steel is selected for an armored situational awareness kit on the U.S. Army’s Stryker Light Armored Vehicles.

Cliffs Shareholders Reject Harbinger’s Control Share Acquisition Proposal

06 October 2008 - Cleveland-Cliffs says that it appears that approximately 80% of shares voted by holders other than Harbinger Capital Partners, its equity-swap counter parties or other ‘interested’ shareholders voted AGAINST the proposed control share acquisition during the recent special meeting of shareholders.

AK Steel Announces November 2008 Surcharges for Electrical Steels

03 October 2008 - AK Steel will add a $620 per ton surcharge to invoices for electrical steel products shipped in November 2008.

Allegheny Technologies Announces Operating Management Changes

03 October 2008 - Allegheny Technologies announces several executive-level changes to its organization, changes the company says are designed to simplify and streamline the reporting relationships and leadership of ATI’s key manufacturing operations.

Converteam to Supply Electrical, Automation Systems for ThyssenKrupp’s Alabama Facilities

03 October 2008 - Converteam is selected by Fives Lille Industries and SMS Demag for the supply of the complete electrical and automation systems for ThyssenKrupp's greenfield combined carbon and stainless steel plant to be constructed in Mount Vernon, Ala.

Nippon-Kobe Joint Company to Recycle Steel Dust into DRI

03 October 2008 - Nippon Steel and Kobe Steel will establish a joint company that will recycle steel dust using the FastMet process to produce usable direct-reduced iron.

U. S. Steel, Worthington Complete Deal to Expand Joint Venture

02 October 2008 - United States Steel and Worthington Industries complete their plan to expand and modify their Worthington Specialty Processing joint venture.

Cleveland-Cliffs Announces Convertibility of Preferred Stock

01 October 2008 - Cleveland-Cliffs fulfills the trading price condition for the conversion right of its 3.25% redeemable cumulative convertible perpetual preferred stock, with the result that preferred stock may be surrendered for conversion at any time during the fiscal fourth quarter ending Dec. 31, 2008.

SSAB Named Industrial Company of the Year for Work Environment

01 October 2008 - SSAB is named the industrial company of the year in work environment for its systematic and long-term work-environment efforts in cooperation with the labor unions, and its dedication and to workplace safety and employee health.

Timken Upgrades Third-Quarter, Full-Year Earnings Estimates

01 October 2008 - Timken raises its estimate for third-quarter 2008 earnings per diluted share, excluding special items, to $1.00 to $1.10 based on continued strong global industrial demand, its capacity-expansion initiatives, and declining scrap prices.

Steel Producers Promote Importance of Life-Cycle Approach in Environmental Impact Studies

30 September 2008 - The International Iron and Steel Institute is appealing to governments to work together with the steel industry utilizing life cycle thinking as the most effective holistic approach to assessing a product’s impact on the environment.

Cleveland-Cliffs Signs Three Iron Ore Supply Agreements

29 September 2008 - Cleveland-Cliffs signs three new five-year supply agreements from its North American Iron Ore segment.

ThyssenKrupp Steel Makes Additional Investment in Particulates Reduction

26 September 2008 - ThyssenKrupp Steel invests an additional 30 million euros to equip its sinter plant in Duisburg-Schwelgern with additional filters to capture particulates and dust-containing off-gases.

Cleveland-Cliffs’ Babbitt Mine Earns Sentinels of Safety Award

25 September 2008 - Cleveland-Cliffs’ wholly owned Northshore Mining-Babbitt Mine is recognized for outstanding safety performance in 2007 with the industry’s Sentinels of Safety Award in the Large Open Pit category.

Worthington Reports Record 1st Quarter Results

24 September 2008 - Worthington Industries reports net earnings of $68.6 million on net sales of $913.2 million for the three months ended August 31, 2008, the highest quarterly net sales and net earnings in company history.

U. S. Steel, Worthington to Expand Specialty Processing Joint Venture

24 September 2008 - United States Steel and Worthington Industries announce plans to expand and modify their current Worthington Specialty Processing joint venture with the addition of U.S. Steel’s ProCoil steel processing subsidiary and Worthington’s Worthington Steel Taylor subsidiary.

Steel Dynamics Increases Share Repurchase Authorization Again

23 September 2008 - Steel Dynamics’ Board of Directors approves a further increase of 5 million shares to its existing share repurchase program.

Schnitzer Steel Acquires Puerto Rican Metals Recycler

19 September 2008 - Schnitzer Steel Industries signs definitive agreement to acquire Ponce Resources, a Puerto Rican ferrous and nonferrous scrap metal processor.

View Latest Steel News