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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
PSI to Supply Manufacturing System for ArcelorMittal Dofasco
21 July 2008 - Dofasco contracts PSI to supply a complete manufacturing execution system for all production areas, from hot rolling to finishing, at its Hamilton, Ont., facility.
Severstal Extends Tender Offer for Esmark Shares
21 July 2008 - OAO Severstal extends the expiration for its tender offer to purchase outstanding shares of Esmark to Monday, August 4, 2008.
Nucor Reports Record 2nd Quarter, Six-Month Results
18 July 2008 - Nucor announces record consolidated net earnings of $580.8 million on record consolidated net sales of $7.09 billion for the second quarter, and record consolidated net earnings of $990.5 million on record consolidated net sales of $12.06 billion for the first half of 2008.
Cleveland-Cliffs and Alpha Natural Resources to Merge
17 July 2008 - Cleveland-Cliffs and Alpha Natural Resources announce a definitive merger agreement in which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
AK Steel to Increase Carbon Steel Prices
16 July 2008 - AK Steel will increase spot market prices for its carbon steel products by $50 per ton effective with new orders scheduled for delivery on September 1, 2008 and later.
CMC to Expand Rebar Fabrication with Acquisition of RPS and Affiliates
16 July 2008 - Commercial Metals enters agreement to purchase the operating assets of Reinforcing Post-Tensioning Services, Regional Steel Corp., and RPS Cable Corp., based in Claremont, Calif.
California Steel Reports 2nd Quarter Results
16 July 2008 - California Steel reports net income of $44.2 million on sales revenues of $431.1 million for the second quarter, and net income of $53.8 million on sales revenues of $800.3 million for the six months ended June 30, 2008.
Allegheny Technologies Raises 2nd Quarter Expectations
15 July 2008 - Allegheny Technologies raises its earning expectations for the second quarter of 2008 into the range of $1.65 to $1.67 per share, including a $0.11 per share one-time net tax benefit.
Cleveland-Cliffs Acquires Remaining Interest in United Taconite
15 July 2008 - Cleveland-Cliffs Inc has acquired United Mining's 30% interest in United Taconite, making it the sole owner of the Eveleth, Minn., iron ore mining and pelletizing operation.
CMC Board Names McClean Chairman
14 July 2008 - The Commercial Metals Co. Board of Directors elects Murray R. McClean as Chairman of the Board in addition to his ongoing responsibilities as President and Chief Executive Officer.
ArcelorMittal Launches Funds to Support Environmental Initiatives
14 July 2008 - ArcelorMittal has launched a new clean technology venture capital fund to support commercialization of clean energy technologies, as well as a new carbon fund to promote climate friendly solutions for steel production processes.
Cliffs Plans Expansion Project at Empire and Tilden Mines
14 July 2008 - Cleveland-Cliffs Board approves a capital project that will expand capacity at its Empire and Tilden mines in Michigan’s Upper Peninsula.
Nucor Ad Campaign Honored by NYC Business Marketing Association
11 July 2008 - A Nucor ad campaign takes top honors at the Business Marketing Association of New York City’s 25th annual awards competition.
Latrobe Specialty Steel Offers 90-Day Contract Extension
11 July 2008 - Latrobe Specialty Steel reiterates its offer for a 90-day extension to its labor contract with the United Steelworkers — again.
Carpenter Completes Sale of Metal Shapes Business
09 July 2008 - Carpenter Technology completes the sale of its Rathbone Precision Metals business to Treci Srl, controlling company of Calvi Holdings, Srl.
Cliffs Updates 2008 Guidance, Comments on 2009 Pricing
09 July 2008 - Cleveland-Cliffs updates its 2008 iron ore revenue and cost-per-ton guidance for both the Asia-Pacific and North American segments, and comments on expected pricing for its North American Iron Ore segment for 2009.
Nucor Completes Acquisition of 50% Stake in Duferdofin
09 July 2008 - Nucor completes its previously announced acquisition of 50% of the stock of Duferdofin–Nucor Srl for a purchase price of euro 423.5 million, or approximately $658 million.
Severstal Completes Acquisition of WCI Steel
08 July 2008 - OAO Severstal completes its acquisition of WCI Steel for a total cash consideration of US$140 million.
AK Steel Announces August Surcharges for Electrical Steels
07 July 2008 - AK Steel will add a $905-per-ton surcharge to invoices for electrical steel products shipped in August 2008.
ALJ Reports Third Quarter Revenues
07 July 2008 - ALJ, the parent company of Kentucky Electric Steel, reports revenues of $51.1 million for the quarter, and revenues of $133.4 million for the nine months ended June 30, 2008.
