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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
U. S. Steel Announces Authorized Pipe Distributors
26 September 2007 - United States Steel announces its new distribution network for domestic Standard and Line Pipe sales following its acquisition of Lone Star Technologies and related companies earlier this year.
Dietrich to Consolidate Five Metal Framing Facilities
26 September 2007 - Worthington Industries announces plans to implement a consolidation plan at five of its Dietrich Metal Framing locations.
Core Furnace Installs Vacuum Degasser System for Ipsco
25 September 2007 - Core Furnace Systems completes start-up of a new 160-ton twin-tank vacuum degasser at Ipsco’s Montpelier facility.
Nucor’s Harris Steel Expands Rebar Fabrication Business
21 September 2007 - Nucor subsidiary Harris Steel builds its rebar fabrication business with the recent acquisition of Consolidated Rebar and South Pacific Steel, as well as a new agreement to combine businesses with Barker Steel.
Steel Dynamics Moves Forward on Minnesota Iron-Making Venture
21 September 2007 - Steel Dynamics moves forward with the Mesabi Nugget iron-making project at Hoyt Lakes, with the State of Minnesota helping to support project financing.
Stelco Announces Details of Proposed Notes Redemption
20 September 2007 - U. S. Steel specifies that Stelco's floating-rate notes due 2016 are to be redeemed on the effective date of the companies’ proposed arrangement under Section 192 of the Canada Business Corporations Act involving Stelco, U.S. Steel and 1344973 Alberta ULC, an indirect wholly owned subsidiary of U.S. Steel.
Commercial Metals Closes Acquisition of Croatian Mill
20 September 2007 - Commercial Metals’ Swiss subsidiary completes its acquisition of the outstanding shares of Valjaonica Cijevi Sisak from the Croatian Privatization Fund and Croatian government.
Commercial Metals Acquires Economy Steel
20 September 2007 - Commercial Metals completes its acquisition of substantially all the operating assets of Economy Steel of Las Vegas.
ArcelorMittal and Unions Commit to Innovative Health and Safety Program
18 September 2007 - ArcelorMittal and its unions commit to a joint program of education and training to raise health and safety standards throughout the company as part of the International Metalworkers’ Federation’s first world conference, held this week in Montreal.
Timken to Expand Aerospace Capabilities with Purdy Acquisition
18 September 2007 - Timken enters agreement to acquire the assets of The Purdy Corp., a leading precision manufacturer and systems integrator for military and commercial aviation customers, for $200 million.
Update on Allegheny Technologies Chief Executive
17 September 2007 - Allegheny Technologies Chairman, President and CEO L. Patrick Hassey is expected to resume his normal duties shortly following successful cardiac artery bypass surgery on Friday, Sep. 14.
Gerdau Ameristeel Completes Chaparral Steel Acquisition
17 September 2007 - Gerdau Ameristeel completes its acquisition of Chaparral Steel, creating the second-largest structural steel producer in North America.
Nucor to Acquire Nelson Steel
14 September 2007 - Nucor enters into an agreement to acquire the assets of Nelson Steel, a significant player in the mesh markets, for a cash purchase price of approximately $54 million.
Cleveland-Cliffs Names New VP Sales and Transportation
13 September 2007 - Cleveland-Cliffs announces the promotion of Terrence R. Mee to Vice President, Sales and Transportation effective Sept. 16, 2007.
Chaparral Stockholders Approve Merger with Gerdau Ameristeel
13 September 2007 - In a special meeting held Wednesday, Chaparral Steel stockholders adopt the merger agreement for the company’s acquisition by Gerdau Ameristeel.
Nucor Announces Third Quarter Earnings Guidance
13 September 2007 - Nucor says it expects to report earnings in the range of $1.10 to $1.15 per diluted share for the third quarter ending September 29, 2007.
Steel Dynamics Adds Term Loan A Facility
12 September 2007 - Steel Dynamics amends its existing $750-million senior secured credit facility to allow for the addition of a $550-million term loan A facility.
Carpenter Announces 10b5-1 Share Repurchase Plan
11 September 2007 - Carpenter Technology enters into a Rule 10b5-1 Plan to facilitate the repurchase of up to $115 million of its common stock.
Former Nucor CFO Honored by National Financial Organization
11 September 2007 - Financial Executives International selects former Nucor Vice Chairman, CFO, Treasurer and Secretary Sam Siegel as an inductee for the 2007 class of the FEI Hall of Fame.
Nucor Announces Resignation Of Director
10 September 2007 - Director Ray Milchovich resigns from the Nucor Board of Directors due to other demands on his time.
