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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 Tubular Operations Management
27 June 2007 - Following completion of its Lone Star Technologies, United States Steel is now announcing initial appointments to the operations organization for its tubular business unit.
U. S. Steel Lines up New Tubular Products Commercial Organization
26 June 2007 - With the completion of its acquisition of Lone Star Technologies and related companies, U.S. Steel announces changes to its tubular products commercial organization structure.
Nucor to Acquire Building Systems Supplier Magnatrax
26 June 2007 - Nucor enters into Merger Agreement to acquire Magnatrax, a leading provider of custom-engineered non-residential metal building systems, for a cash purchase price of approximately $280 million.
Prescription Benefits Improved for Wheeling-Pitt Retirees, Spouses
22 June 2007 - The United Steelworkers announce a benefit increase for Medicare-eligible Wheeling-Pittsburgh Steel retirees who lost health coverage when the company reorganized under Chapter 11 and subsequently enrolled in the Wheeling-Pitt Voluntary Employees’ Beneficiary Association’s Advantra programs.
Cliffs Names Director of Investor Relations and Communications
21 June 2007 - Cleveland-Cliffs announces the appointment of Steven Baisden as Director of Investor Relations and Corporate Communications, effective June 18, 2007.
CMC Reports Record Third Quarter
21 June 2007 - Boosted by record-setting results in four of its five operating segments, Commercial Metals reports net earnings of $99.4 million on net sales of $2.3 billion for the quarter ended May 31, 2007, ranking it as the strongest third quarter ever reported by the company.
ArcelorMittal CEO Says Quality, Sustainability are Key to Steel’s Future
21 June 2007 - To stimulate its long-term potential, the steel industry needs to start benchmarking itself against leading global manufacturing and service companies, according to Lakshmi Mittal, President and CEO of ArcelorMittal.
Steel Dynamics Announces Increased Revolving Credit Facility
20 June 2007 - Steel Dynamics has amended, restated and expanded its senior secured revolving credit facility from the prior $350-million level to a renewed 5-year $750-million facility.
Cleveland-Cliffs to License Kobe Steel’s Iron Nugget Technology
20 June 2007 - Under a new alliance, Kobe Steel will license its patented ITmk3 iron-making process to Cleveland-Cliffs for use in the U.S., Canada, Australia, and Brazil. The two companies are also planning to build a joint-venture iron nugget facility.
Ipsco Announces Cash Tender Offer and Consent Solicitation
19 June 2007 - Ipsco Inc. has commenced a cash tender offer to purchase any and all of its outstanding 8 3/4% Senior Notes due 2013, as well as a related consent solicitation to amend the indenture governing the Notes.
Timken to Increase Prices on Thermal Treated Steel Products
19 June 2007 - Timken will increase prices on double and triple thermal treated product, effective with shipments from Jan. 1, 2008.
Wheeling-Pittsburgh Comments on Scrap Supplier Lawsuits
19 June 2007 - Wheeling-Pittsburgh comments on an arbitration proceeding commenced by Herman Strauss, and a lawsuit filed by Metal Management, Inc.
Wheeling-Pittsburgh Once Again in Compliance with NASDAQ Rules
18 June 2007 - Wheeling-Pittsburgh has amended notes issued in March 2006 to affiliates of James P. Bouchard and Craig T. Bouchard, bringing the company back into compliance with NASDAQ’s Marketplace Rule 4350(i)(1)(A).
Pacific Coast Steel Acquires Las Vegas Contractor Business
15 June 2007 - Gerdau Ameristeel’s Pacific Coast Steel joint venture has agreed to purchase the assets of Valley Placers, a reinforcing steel contractor in Las Vegas that also operates a steel fabrication facility and retail construction supply business.
Dietrich Metal Framing Supports Extreme Makeover: Home Edition Project
15 June 2007 - Dietrich Metal Framing will supply metal wall and floor-framing materials for the construction of a home and a community center for a deserving family in Hawaii as part of the hit TV show Extreme Makeover: Home Edition.
Cleveland-Cliffs to Acquire Metallurgical Coal Producer PinnOak Resources
15 June 2007 - Cleveland-Cliffs Inc. has agreed to acquire PinnOak Resources, a domestic producer of high-quality, low-volatile metallurgical coal, for $450 million in cash plus approximately $150 million in debt.
U. S. Steel Completes Purchase of Lone Star Technologies
15 June 2007 - United States Steel completes its acquisition of Lone Star Technologies for an aggregate purchase price of approximately $2.1 billion.
Steel Dynamics to Acquire The Techs
14 June 2007 - Steel Dynamics enters into a definitive agreement to acquire Pennsylvania-based The Techs, paying $360 million for the company on a cash-free debt-free basis, subject to certain adjustments.
Siemens to Supply Temper Mill for Nucor Steel Tuscaloosa
13 June 2007 - Nucor Steel awards Siemens a contract to add a new wide Temper Mill to the existing Cut-to-Length Line at the company’s Tuscaloosa, Ala., facility.
SSAB Gets Green Light for Ipsco Acquisition
13 June 2007 - Ipsco and SSAB Svenskt Stal announce the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their proposed plan for SSAB to acquire Ipsco for a cash consideration of U.S. $160 per share.
