Steel News

Cleveland-Cliffs Announces Two-for-One Common Stock Split

12 March 2008 - Cleveland-Cliffs’ Board of Directors declares a two-for-one stock split of the company’s common shares.

Steel Dynamics Raises First Quarter Earnings Guidance

12 March 2008 - Steel Dynamics raises its first-quarter earnings guidance, primarily driven by higher-than-anticipated flat-rolled steel pricing and improved scrap processing results.

U. S. Steel Loses Case at Indiana Court of Appeals

11 March 2008 - United States Steel expresses disappointment over the Indiana Court of Appeals’ reversal of a previous Indiana Utilities Regulatory Commission decision involving a rate escalation provision in the company’s electric power supply contract with NIPSCO.

Parsytec to Supply Two More Surface Inspection Systems for ArcelorMittal USA

10 March 2008 - Arcelor Mittal will equip two pickling lines at their Burns Harbor facility with Parsytec’s espresso SI inspection solution.

Esmark to Sell Minority Interest in Wheeling Nisshin

10 March 2008 - Esmark Inc. has entered into an agreement to sell its 35.7% equity interest in Wheeling-Nisshin for $71.4 million.

Acerinox and Nisshin Steel to Build Stainless Mill in Malaysia

07 March 2008 - Long-time venture partners Acerinox SA and Nisshin Steel announce they will build a new integrated stainless steel production plant in Malaysia.

Worthington Expands Presence In Mexico

06 March 2008 - Worthington Industries joint venture, TWB, will now include ThyssenKrupp Tailored Blanks SA de CV, ThyssenKrupp Steel’s Mexican subsidiary.

AK Steel Announces Carbon Steel Price Increase

06 March 2008 - AK Steel will increase spot market prices for carbon steel products by $70 per ton for all new orders accepted for shipment May 1, 2008 and later.

AK Steel Announces April 2008 Surcharges

05 March 2008 - AK Steel will add a $375 per ton surcharge to invoices for electrical steel products shipped in April 2008.

Cleveland-Cliffs Terminates Negotiations for Sale of Wabush Mines

05 March 2008 - Cleveland-Cliffs terminates negotiations to sell its 26.8% interest in the Wabush Mines joint venture to ArcelorMittal Dofasco.

Fortune Magazine List Ranks AK Steel as One of Americas Most Admired Companies

05 March 2008 - AK Steel has been named to Fortune magazine's 2008 listing of America's Most Admired Companies, earning top marks for quality of products/services and the use of corporate assets.

ArcelorMittal Dofasco Clarifies Position on Wabush Mines Sale

05 March 2008 - ArcelorMittal Dofasco expresses ‘strong exception’ to news releases issued by U.S. Steel Canada and Cleveland-Cliffs regarding their desire to withdraw from the sale of their respective interests in the Wabush Mines joint venture.

Steel Dynamics Announces Two-for-One Stock Split

05 March 2008 - The Steel Dynamics board of directors approves a two-for-one split of the company's common stock as well as a 33% increase in the company's quarterly cash dividend.

Severstal North America and SeverCorr Announce New CFO

05 March 2008 - Severstal North America and SeverCorr announce the appointment of Mark J. Yost as Chief Financial Officer.

Nucor Completes Acquisition of The David J. Joseph Company

04 March 2008 - Nucor completes its acquisition of SHV North America—the owner of 100% of The David J. Joseph Co.—for a purchase price of approximately $1.44 billion.

PSI Solution to Support Dofasco’s Slab Yard Logistics

04 March 2008 - PSI will develop and deliver a management system for slab yard logistics at Dofasco’s facility in Hamilton, Ont.

Mercury Switch Recovery Program Collects One Millionth Auto Switch

03 March 2008 - The National Vehicle Mercury Switch Recovery Program and its partners celebrate a milestone with the collection of the one millionth mercury auto switch.

United Spiral Pipe Breaks Ground for New Facility

03 March 2008 - United Spiral Pipe—a joint venture of United States Steel, Posco, and SeAH Steel—breaks ground for a new state-of-the-art spiral welded pipe manufacturing facility in Pittsburg, Calif.

U. S. Steel Names General Manager of Granite City Works

29 February 2008 - United States Steel appoints Sharon K. Owen as General Manager of Granite City Works in Granite City, Ill.

U. S. Steel Names General Manager for Great Lakes Works

29 February 2008 - As part of a wave of personnel moves across the United States Steel organization, the company has appointed David J. Rintoul as General Manager of Great Lakes Works in Ecorse and River Rouge, Mich.