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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
Gerdau Ameristeel to Begin Phase One Expansion at Jacksonville
04 July 2008 - Gerdau Ameristeel announces initiation of the first two phases of the announced expansion of its Jacksonville, Fla., steel mill, which will ultimately expand the facility’s annual melting and rolling capacity to more than 1.0 million tons of rebar products.
CMC Completes Acquisition of ABC Coating Companies and Affiliates
02 July 2008 - Commercial Metals completes its acquisition of the operating assets of ABC Coating Companies, Banner Rebar, and Toltec Steel Services.
Schnitzer Steel Reports Record Third Quarter
02 July 2008 - Schnitzer Steel Industries reports record quarterly net income of $62 million on record quarterly revenues of $972 million for the third quarter, and net income of $122 million on revenues of $2328 million for the nine months ended May 31, 2008.
Cleveland-Cliffs Announces Convertibility of Preferred Stock
01 July 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 third quarter ending Sept. 30, 2008.
OSHA Cites KMA Manufacturing for Multiple Workplace Violations
01 July 2008 - OSHA cites KMA Manufacturing LLC for numerous alleged safety and health violations following a fatal industrial accident in December 2007.
SeverCorr Reaches Settlement with Nucor
01 July 2008 - SeverCorr, LLC reaches a settlement in the case of Nucor versus John Bell and SeverCorr.
Universal Stainless Announces Tool Steel Base Price Increase
30 June 2008 - Universal Stainless & Alloy Products announces base price increases of 5% to 7% on all tool steel products manufactured at its Bridgeville and Dunkirk facilities.
Essar Withdraws Esmark Bid
27 June 2008 - Essar Steel Holdings Limited informs the Esmark Board of Directors that it is withdrawing its offer to purchase all of the company’s outstanding shares at US$19 per share.
AK Steel Holding to Replace Countryside Financial on S&P 500 Index
27 June 2008 - Standard & Poor's announces that AK Steel Holding Corp. will replace Countrywide Financial Corp. on the S&P 500.
Steelworkers Hail Esmark Sale
27 June 2008 - The USW welcomes the news that Esmark has entered into a definitive merger agreement with OAO Severstal, and that Esmark's Board of Directors is recommending that shareholders tender their shares to Severstal.
Worthington Reports Fiscal Year Results
27 June 2008 - Worthington Industries reports net earnings of $53.9 million on record net sales of $868.9 million for the fourth quarter, and net earnings of $107.1 million on net sales of $3,067.2 million for the twelve-month period ended May 31, 2008.
Nucor Restarts Upgraded Coil-to-Bar Drawing Line at Norfolk
26 June 2008 - Danieli announced the recent start-up of one of the primary coil-to-bar drawing lines at Nucor’s cold finishing plant in Norfolk.
Severstal Enters Merger Agreement to Acquire Esmark
26 June 2008 - OAO Severstal enters into a definitive merger agreement to acquire Esmark at an increased purchase price of $19.25 per share in cash at a total equity value of approximately $775 million.
EPA Seeks Comments on AK Steel Disposal Well
25 June 2008 - U.S. Environmental Protection Agency Region 5 is seeking feedback from the public that could affect its decision to approve a request for an exemption from AK Steel.
World Steel Dynamics Recognizes AK Steel as a World-Class Steelmaker
25 June 2008 - World Steel Dynamics adds AK Steel to its list of World-Class Steelmakers, reflecting the company's noteworthy turnaround since 2003.
Steelworkers Union Responds to Esmark Statement on Arbitrator Ruling
25 June 2008 - The United Steelworkers issues a statement that arbitrator Richard I. Block's decision had upheld the USW's contractual "right to bid" against Esmark's willful violation of the collective bargaining agreement.
Esmark to Grant Three-Day Extension of Right-to-Bid Period
25 June 2008 - Esmark confirms that an Arbitrator’s decision had cleared the way for its Board to act on competing bids for the company by declining to extend the 52-day “right-to-bid” period given to the United Steelworkers.
Carpenter Technology Files Complaint against Allegheny Technologies
24 June 2008 - Carpenter Technology files lawsuit against Allegheny Technologies alleging that two U.S. patents obtained by the company are not valid.
Severstal Reaffirms Offer to Acquire Esmark
20 June 2008 - OAO Severstal reaffirms its all-cash $17-per-share tender offer to acquire all outstanding shares of Esmark common stock.
Nucor Names General Manager for New Ironmaking Facility
20 June 2008 - Nucor announces the Vice President and General Manager for the company’s new state-of-the-art coke and ironmaking facility.
