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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
Mittal Steel Included in Fortune Global 500
18 July 2005 - Mittal Steel Co. NV has been included for the first time in Fortune Magazine's Global 500 list, the ranking of the world's largest corporations.
Stelco Files Restructuring Plan Outline
18 July 2005 - Stelco Inc. has filed a restructuring plan outline that it says is designed to ensure a viable company over the long term and provide lasting benefits for its stakeholders.
WCI Steel Names Walsh Vice President of Operations
15 July 2005 - WCI Steel, Inc. announced today that James F. Walsh has been named Vice President—Operations, effective July 1, 2005.
Bayou Steel Announces Recapitalization Plan
15 July 2005 -
Blast Furnace Upgrade to Kick off 4-Year Modernization Program at Severstal
15 July 2005 - Severstal North America, Inc. has filed a permit to install application with the Michigan Department of Environmental Quality to expand and enhance the larger of its two blast furnaces. The company will invest more than $180 million to add capabilities that will improve furnace productivity, efficiency and reliability and significantly reduce particulate emissions associated with the ironmaking process in its Dearborn-based steelmaking operations.
California Steel Reports 2nd Quarter Results
14 July 2005 - California Steel Industries, Inc. reported net income of $9.7 million on sales of $306.6 million for the quarter ended June 30, 2005.
Fatal Accident at Republic Leads to OSHA Citations
14 July 2005 - The U.S. Labor Department's Occupational Safety and Health Administration (OSHA) has cited Republic Engineering Products, Inc., Lorain, Ohio, for alleged willful, serious and repeated workplace safety violations.
Core Furnace Systems to Supply STC Furnaces for MacSteel
14 July 2005 - MacSteel recently contracted Core Furnace Systems Corp. for the turnkey supply of two STC (Short Time Cycle) furnaces at the company’s Monroe, Mich., facility.
Stelco to Seek Extension of Stay Period
13 July 2005 - Stelco Inc. announced that it will appear in Court on July 18, 2005 to seek an extension of the stay period in its Court-supervised restructuring from that date until September 9, 2005.
Wheeling-Pittsburgh Steel Refinances Revolving Credit Facility
12 July 2005 - Wheeling-Pittsburgh Steel Corp. announced that effective July 8, 2005, it refinanced its revolving credit facility primarily with its current lenders.
Stainless Steel Imports Jump 26% Ahead of Year-to-Date 2004 Totals
11 July 2005 - Total stainless steel imports climbed to 234,130 tons through the first four months of 2005 — a 26% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA). As imports climbed, U.S. consumption remained flat at 800,512 tons, bringing four-month import penetration to 29%, a six percentage point increase compared to the same period in 2004.
Dofasco Completes Blast Furnace Rebuild
11 July 2005 - Dofasco announced the successful start-up of its No. 2 Blast Furnace, which was completely rebuilt over the last year to incorporate the world's most advanced ironmaking technology.
TXI Declares Spin-Off of Chaparral Steel
08 July 2005 - The Texas Industries, Inc. Board of Directors has approved the separation of its wholly-owned steel business, Chaparral Steel Co., from TXI by means of a tax-free stock dividend.
Allegheny Ludlum to Increase Silicon Electrical Steel Prices
07 July 2005 - ATI Allegheny Ludlum is increasing prices for grain-oriented silicon electrical steel products by approximately 26%.
Carpenter Announces New Vice President
06 July 2005 - Carpenter Technology Corp. announced that Richard Simons will join Carpenter Technology Corp. as Vice President and Corporate Controller.
Arbitrator Issues Ruling in Middletown Works Base Workforce Issue
06 July 2005 - AK Steel said that an arbitrator has issued a ruling on the company's 2004 suspension of a minimum base workforce plan covering hourly maintenance and operating employees at the company's Middletown Works represented by the independent A.E.I.F. union.
Timken Contracted to Develop Advanced Bearing Technology
01 July 2005 - Timken has been awarded additional orders under an existing $20 million U.S. Air Force contract for hybrid bearing development. Worth approximately $7 million, the new orders focus on the quality assurance of rolling elements and new cage materials for bearings that will be used in current and next-generation gas turbine aircraft engines.
AK Steel to Increase Prices for Electrical Steels
01 July 2005 - AK Steel will increase spot market transaction prices for its Regular Grain Oriented and Tran-Cor(R) H electrical steel products, effective with shipments on and after August 1, 2005.
Wheeling Corrugating Bridge Deck Showing up in Construction Projects
01 July 2005 - Wheeling-Pittsburgh Steel reports that steel deck made by the company's Wheeling Corrugating Company (WCC) will be used in many highway projects locally and throughout the United States.
Stelco Comments on Georgian Windpower Situation
01 July 2005 - Stelco Inc. commented on reasons issued by the Superior Court of Justice (Ontario) regarding an application brought by Georgian Windpower Corp. (GWC) and heard by the Court on June 27, 2005.
