Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Gerdau Ameristeel Reports Record Year-End 2007 Results
14 February 2008 - Gerdau Ameristeel reports net income of $141.4 million on net sales of $1.7 billion for the three months, and record net income of $537.9 million on net sales of $5.8 billion for the year ended December 31, 2007.
Gerdau Ameristeel Announces Agreement to Acquire Century Steel
13 February 2008 - Pacific Coast Steel, a majority owned Gerdau Ameristeel joint venture, will acquire all the assets of Las Vegas-based Century Steel Inc. for consideration totaling $151.5 million.
Core Installs Walking Beam Reheat Furnace for WCI Steel
12 February 2008 - Core Furnace Systems completes successful start-up of a state-of-the-art walking beam furnace for WCI Steel’s plant in Warren, Ohio.
Siemens to Equip Slab Casters for Anshan-Linggang Joint Venture
11 February 2008 - Siemens Metals Technologies will engineer and supply equipment, technological packages and automation systems for two single-strand medium-thickness slab casters to be installed at Chaoyang An-Ling Iron & Steel, a joint venture facility being built by Anshan Iron & Steel and Lingyuan Iron and Steel.
Nucor to Acquire David J. Joseph Company
11 February 2008 - Nucor will buy David J. Joseph Co., one of the country’s leading scrap brokers, in a $1.44-billion deal that will boost its total annual scrap processing capacity and provide access to extensive brokerage operations.
MultiServ Gets Contract Extensions at Corus Ijmuiden, Nucor Yamato
08 February 2008 - Harsco’s MultiServ mill services division is awarded multi-year contract extensions at the 7 million tonne/year Corus IJmuiden strip products works in the Netherlands, and at the Nucor Yamato works in Arkansas, which is preparing for a significant expansion of its production later this year.
California Steel Reports Year End 2007 Results
07 February 2008 - California Steel reports a net loss of $12.2 million on sales of $297.0 million for the fourth quarter, and a net loss of $906,000 on net sales of 1.28 billion for the year ended December 31, 2007.
Republic Creates Cold-Finished Bar Products Division
07 February 2008 - Republic Engineered Products creates a new Cold-Finished Bar Products Division, naming Michael Eberth as the division's General Manager.
AK Steel Announces March 2008 Surcharges
06 February 2008 - AK Steel will add a $375 per ton surcharge to invoices for electrical steel products shipped in March 2008.
OAO Severstal Resumes Blast Furnace Operations at Cherepovets
05 February 2008 - OAO Severstal resumes operation of Blast Furnace No. 5 at its Cherepovets steel plant, following a fire on January 31 that resulted in the death of one Severstal employee and the injury of two others.
AK Steel to Increase Carbon Steel Prices
05 February 2008 - AK Steel will increase spot market prices by $30 per ton for its carbon steel products, effective immediately for all new orders.
Esmark Receives Underwritten Commitment for New Credit Facility
05 February 2008 - Esmark accepts commitment from GE Corporate Lending, its lead lender, for a fully underwritten $500 million revolving credit facility that will replace an existing $150 million revolver at Esmark Steel Service Group and a $225 million revolver at Wheeling-Pittsburgh.
ArcelorMittal to Restart Seraing Blast Furnace n.6
04 February 2008 - Following its agreement to a solution to the CO2 quota allocation issue that was proposed by the federal and regional governments of Belgium, ArcelorMittal will now prepare to re-launch the Seraing blast furnace n.6 in Liège, Belgium.
AK’s Ashland Coke Plant Wins Industry Safety Award
04 February 2008 - Employees at AK Steel’s Ashland, Ky., coke plant earn the American Coke and Coal Chemicals Institute’s Max Eward Safety Award, in recognition of having the best safety record during 2007 for an ACCCI-member coke plant.
U. S. Steel Plans $300 Million Capacity Expansion at Keetac
04 February 2008 - United States Steel is developing a capital investment program in excess of $300 million to expand capacity at its Minnesota Ore Operations' Keetac facility by some 3.6 million additional tons per year.
Timken Reports 2007 Results
01 February 2008 - Timken reports net income of 48.3 million on net sales of $1.3 billion for the fourth quarter, and net income of $220 million on net sales of $5.2 billion for all of 2007.
IISI Study Reveals Growing Trend for Steel Recycling
31 January 2008 - Data gathered by the International Iron and Steel Institute shows that the steel can remains the world’s most recycled packaging material.
Carpenter Technology Reports Record 2nd Quarter Results
30 January 2008 - Carpenter Technology reports net income from continuing operations of $57.7 million on net sales of $446.4 million for the fiscal second quarter, and net income from continuing operations of $113.8 million on net sales of $897.7 million in the first six months of the fiscal year. These results exclude the effects of the company’s soon-to-be-sold ceramics businesses.
U. S. Steel Reports Year-End 2007 Results
30 January 2008 - United States Steel reports net income of $35 million on net sales of $4535 million for the fourth quarter, and net income of $879 million on net sales of $16,873 million for all of 2007.
Steel Dynamics Reports Strong Results for 2007
29 January 2008 - Steel Dynamics announces net income of $98 million on net sales of $1.5 billion for the fourth quarter, and net income of $395 million on record net sales of $4.4 billion for the full year of 2007.