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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
Nucor to Add Heat Treat Facility at Hertford Plate Mill
01 August 2008 - Nucor announces plans to invest approximately $110 million for a new plate heat treating facility at its plate mill in Hertford County, N.C.
Timken Reports Record 2nd-Quarter Results
31 July 2008 - Timken reports record net income of $88.9 million on record net sales of $1.54 billion for the second quarter, and net income of $173.4 million on net sales of $2.97 billion for the first six months of 2008.
Samuel Manu-Tech to Sell Nanticoke Pickle Lines to U.S. Steel Canada
31 July 2008 - Samuel Manu-Tech signs non-binding letter of intent to sell all of its Nanticoke, Ont., steel pickling operations to U.S. Steel Canada.
Former Ipsco Chief Elected to U. S. Steel Board of Directors
30 July 2008 - United States Steel announces the election of David S. Sutherland to its board of directors as a Class II Director.
Timken to Supply Bearing Reconditioning Services for Baosteel
30 July 2008 - Baosteel contracts Timken to supply industrial bearing services following an initial contract to repair and recondition bearings on a cold rolling temper mill.
Steel Dynamics Increases Share Repurchase Program
30 July 2008 - The Steel Dynamics Board approves an increase of 5 million shares to the company’s existing share repurchase program, giving Steel Dynamics the authority to repurchase up to an additional 8.9 million shares.
U.S. Steel Reports 2nd Quarter Results
30 July 2008 - United States Steel Corp. reported net income of $668 million on net sales of $6.74 billion for the second quarter, and net income of $903 million on net sales of $11.94 billion for the first half of 2008.
Union to Picket Severstal North America
29 July 2008 - More than 300 members of Laborers' Local 1191 are picketing in front of Severstal North America in protest of the company's use of an out-of-state, non-unionized company for its demolition project.
Universal Stainless Reports 2nd Quarter Results
25 July 2008 - Universal Stainless & Alloy Products reported net income of $5.3 million on sales of $63.5 million for the second quarter, and net income of $10.0 million on sales of $120.3 million for the first six months of 2008.
U. S. Steel Dedicates New Training Center for Mon Valley Works
25 July 2008 - United States Steel celebrates the opening of its new Mon Valley Works Training Hub in Duquesne, Pa., which will serve as the primary training site for employees who work at the company's three Pittsburgh-area Mon Valley Works facilities.
Allegheny Technologies Reports 2nd Quarter Results
24 July 2008 - Allegheny Technologies reports net income of $168.9 million on sales of $1.46 billion for the second quarter, and net income of $310.9 million on sales of $2.80 billion for the first six months of 2008.
AK Steel to Make Early Contribution to Pension Trust Fund
24 July 2008 - AK Steel will make an early $75-million contribution to its pension trust fund.
AK Steel Project to Further Expand Electrical Steel Production
23 July 2008 - AK Steel’s board approves an additional $21-million capital investment to further expand the company's production capabilities for high value-added, grain-oriented electrical steels.
Nucor Chief to Support U.S. Manufacturing Council
23 July 2008 - Nucor Chairman, President and CEO Dan DiMicco is named to the U.S. Manufacturing Council.
Acquisitions Boost Steel Dynamics Sales, Earnings
23 July 2008 - Boosted by its recent acquisitions (The Techs, OmniSource, and Recycle South), Steel Dynamics reports net income of $210 million on net sales of $2.4 billion for the second quarter, and net income of $353 million on net sales of $4.3 billion for the first half of 2008.
AK Steel Reports 2nd Quarter Income
23 July 2008 - AK Steel reports net income of $145.2 million on record net sales of $2,236.6 million for the second quarter, and net income of $246.3 million on record sales of $4,028.0 million for the first six months of 2008.
Timken Raises 2nd-Quarter, Full-Year Earnings Estimates
22 July 2008 - The Timken Co. is raising its estimate for second-quarter 2008 earnings to approximately $0.92 per diluted share, a solid improvement over the company’s previous earnings estimates.
Latrobe Specialty Steel Announces End of Labor Dispute
22 July 2008 - Latrobe Specialty Steel welcomes the news that United Steelworkers Local 1537 has approved the recently negotiated collective bargaining agreement, bringing an end to the ongoing twelve-week work stoppage.
Mesabi Trust Declares Distribution
21 July 2008 - Trustees of Mesabi Trust declare a distribution of one dollar per Unit of Beneficial Interest for the second quarter, which compares to a distribution of thirty-one cents per Unit for the same period last year.
Gerdau Ameristeel Adds New Member to Board
21 July 2008 - Gerdau Ameristeel appoints former Cummins Vice President Rick J. Mills to its Board of Directors.
