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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

Essar Steel Considers Upgrading its Offer for Esmark

09 June 2008 - Essar Steel Holdings informs the Esmark Board that it will consider a potential increase to its $17-per-share offer to acquire Esmark, but says it is seeking information on arrangements between Severstal and Esmark shareholder Franklin Mutual Advisers.

CMC Subsidiary Closes Purchase of PHP Nike

06 June 2008 - Commercial Metals subsidiary, CMC Poland, completes its acquisition of the outstanding shares of PHP Nike SA, Poland.

Esmark Clarifies Debt Status

06 June 2008 - Esmark clarifies the press release recently issued to comply with NASDAQ rules, noting that reports stating that the company had not refinanced its long-term debt are erroneous.

Nucor Bumps up 2nd Quarter Earnings Guidance

06 June 2008 - Strong shipments and higher margins are prompting Nucor Corp. to increase its earnings guidance in the range of $1.75 to $1.80 per diluted share for the second quarter, significantly better than the $1.55 to $1.60 per share that Nucor had previously forecast.

Severstal Waives Condition to Esmark Offer

06 June 2008 - OAO Severstal is waiving the condition to its previously announced tender offer to acquire all of the outstanding shares of Esmark common stock that would require Esmark to terminate its agreement with Essar.

Esmark Triggers Uncertainty on Going-Concern Status

05 June 2008 - As required by NASAQ rules, Esmark publicly announces that it has been unable to refinance its debt on a long-term basis, raising substantial doubt regarding the company’s ability to continue as a going concern.

AK Steel, Allegheny Ludlum Announce July 2008 Surcharges

04 June 2008 - AK Steel and Allegheny Ludlum announce surcharges for electrical steel products shipped in July 2008.

New Management System Supports Gallatin Steel Service, Safety Initiatives

04 June 2008 - Hyland Software's OnBase enterprise content management system helps Gallatin Steel achieve a number-one ranking in the service category of the Jacobson Steel Customer Satisfaction Survey for the first quarter of 2008.

USW, ArcelorMittal Reach Global Agreement on Health and Safety Issues

04 June 2008 - The USW reaches a groundbreaking agreement with ArcelorMittal that will help to improve safety and health standards throughout the company.

Canadian Industry Supports National Vehicle Mercury Switch Recovery Program

03 June 2008 - Canada's steel and auto industries are supporting and funding a national program designed to remove mercury-containing switches that were used in vehicles for convenience lights and anti-lock braking systems from end-of-life scrapped vehicles.

Esmark Responds to OAO Severstal Offer

02 June 2008 - Esmark says it will have a recommendation from the Esmark Board by June 13 regarding OAO Severstal's unsolicited tender offer to acquire Esmark’s outstanding common shares for $17.00 per share.

Severstal Extends Tender Offer to Acquire Esmark

02 June 2008 - OAO Severstal commences its all-cash, $17.00 per share tender offer to acquire all outstanding shares of Esmark common stock; the offer has the full support of the United Steelworkers.

Nucor Closes Common Stock Offering

30 May 2008 - Nucor closes its public offering of 27,667,580 shares of common stock, including 2,667,580 shares issued after the underwriters exercised their over-allotment option.

Quebec Cartier Mining Changes Name to ArcelorMittal

30 May 2008 - Quebec Cartier Mining Co. is changing its name to ArcelorMittal Mines Canada, reflecting the official incorporation of Quebec Cartier into the ArcelorMittal Group.

U. S. Steel Announces Executive Appointments in Accounting, Finance

29 May 2008 - United States Steel announces the appointment of Larry G. Schultz as Senior Vice President & Controller, and Gregory A. Zovko as Vice President—Accounting.

U. S. Steel Announces Executive Appointments in Strategic Planning, Commercial Organizations

29 May 2008 - United States Steel announces the appointment of J. James Kutka Jr. to the position of Senior Vice President—Strategic Planning & Business Development, with Joseph R. Scherrbaum Jr. succeeding him as Vice President—Sales & Customer Service, North American flat-roll operations.

TKS Says EU Plans Threaten Competitiveness of German Steel Production

28 May 2008 - According to ThyssenKrupp, the EU’s plans for the CO2 emissions trading system are jeopardizing competitiveness of German steel production.

Esmark Division to Provide Steel Decking for new Pittsburgh Penguins Arena

27 May 2008 - Esmark’s Wheeling Corrugating division will supply the steel decking requirements to construct the Pittsburgh Penguins’ new state-of-the-art arena.

Massey Energy Says it will Continue to Challenge Verdict in Wheeling-Pitt Dispute

27 May 2008 - Massey Energy says it will continue to challenge a $220 million jury verdict rendered in 2007 for the contract dispute between Massey subsidiary Central West Virginia Energy Co. and Wheeling-Pittsburgh Steel Corp.

Court Denies Massey Energy’s Request for Appeal in Wheeling-Pittsburg Dispute

27 May 2008 - The West Virginia Supreme Court of Appeals denies the request for appeal from Massey Energy and its Central West Virginia Energy subsidiary regarding the judgment entered against them in favor of Esmark’s subsidiary Wheeling-Pittsburgh Steel and its coke plant joint venture and co-plaintiff Mountain State Carbon.