22 April 2005 - Carpenter Technology Corp.’s Specialty Alloys Operations unit will begin to include titanium in its raw material surcharge formula for titanium-bearing specialty alloys.

Stelco and USWA Reach Agreement on Near Term Plans

22 April 2005 - Stelco Inc. has reached agreement with the USWA on the next steps in the company's capital raising process and restructuring. The agreement was submitted to and approved by the Superior Court of Justice (Ontario) on Thursday, April 21, 2005.

Nucor Reports Solid First Quarter Earnings

22 April 2005 - Nucor Corp. announced consolidated net earnings of $354.7 million on consolidated net sales of $3.32 billion for the first quarter of 2005.

Quanex Expects Record Diluted EPS from Continuing Operations in Q2

21 April 2005 - Quanex Corp. announced that it expects to report record fiscal second quarter diluted earnings per share from continuing operations when results are announced on May 26, 2005. Diluted earnings per share from continuing operations are expected to be in the range of $1.80 to $1.85, compared to the $0.43 reported in the year-ago quarter.

Timken Announces New Vice Chairman

20 April 2005 - The Timken Co.’s Board of Directors has elected Ward J. ("Tim") Timken Jr. to the position of Vice Chairman — Board of Directors.

Timken Doubles EPS on Record First Quarter Sales and Net Income

20 April 2005 - The Timken Co. reported record net income of $58.2 million on record sales of $1.3 billion for the first quarter of 2005.

Macsteel Service Centers Acquires Alpha Steel

20 April 2005 - Macsteel Service Centers USA Inc. has acquired the business and assets of PHA Steel, LLC, operating under the brand name Alpha Steel, a privately owned steel service center located in Hammond, Ind. Terms of the purchase were not disclosed.

Steelworkers Urge Hamilton City Council to Adopt Motion on Stelco

20 April 2005 - The United Steelworkers is pleased with a motion passed Tuesday by the Hamilton City Council’s Planning and Economic Development Committee urging Stelco Inc. to consent to the Steelworkers' appointment of Tricap Management Limited as a financial advisor for the purpose of recapitalizing Stelco.

Industry Representatives Speak Out in China Currency Case

19 April 2005 - On behalf of the American Iron and Steel Institute (AISI) and the Steel Manufacturers Association (SMA), John Nolan, Vice President of Marketing and Sales for Steel Dynamics, Inc. (SDI), submitted written testimony last week to the House Ways and Means Committee related to the hearing on “United States-China Economic Relations and China’s Role in the World Economy.”

ATI Allvac Announces Price Increases

18 April 2005 - Allegheny Technologies Inc. announced that ATI Allvac is increasing prices on all nickel- and cobalt-based superalloys, vacuum-melted specialty steels and titanium alloy products by 5 to 9%.

Mittal Steel and ISG Announce Completion of Merger

18 April 2005 - Mittal Steel Co. NV and International Steel Group Inc. (ISG) announce that their merger has now been completed.

Nucor To Purchase Marion Steel Assets

18 April 2005 - Nucor Corp. has entered into an agreement to purchase substantially all of the assets of Marion Steel Co. for a cash purchase price of approximately $113 million.

Mott Steps Aside as New Team Takes Helm at Mittal Steel USA

15 April 2005 - Mittal Steel Co. NV announced the management organization for Mittal Steel USA, upon completion of its proposed merger with International Steel Group.

Steelworkers Preparing Plan to Save Stelco

14 April 2005 - The United Steelworkers of America has signed a letter of intent with Tricap Management Limited (Brascan Corp.'s restructuring fund) to work together on a C$1.35 billion plan to recapitalize Stelco Inc., and remove the company from protection under the Companies' Creditors Arrangement Act (CCAA).

CCR Technologies Completes Caster Upgrade at Nucor Auburn

13 April 2005 - CCR Technologies Inc. recently completed modernization of Nucor Steel Auburn’s continuous billet caster. CCR’s scope of supply comprised all equipment beyond the CCR straighteners.

Mittal and ISG Shareholders Approve Mega-Merger

13 April 2005 - Mittal Steel Co. NV announced on Tuesday that its merger with International Steel Group was approved by shareholders at the extraordinary general meeting held in Rotterdam.

Ohio Coatings Company Announces President

12 April 2005 - Jim Tennant has been named President of Ohio Coatings Company (OCC), effective April 1, 2005.

California Steel Reports First Quarter Results

12 April 2005 - California Steel Industries, Inc. reported net income of $22.1 million on sales revenues of $339.3 million for the quarter ended March 31, 2005.

Stelco Reports Fourth Quarter and Full Year Results

12 April 2005 - Stelco Inc. released its 2004 Audited Consolidated Financial Statements together with Management's Discussion and Analysis, which outlines the corporation's financial results and condition. Stelco also released its Annual Information Form (AIF). In its statements, Stelco reported net earnings of $1 million for the fourth quarter, and net earnings of $65 million for the year ended December 31, 2004.

AK Steel Adds Titanium Surcharge for Stainless Grades

11 April 2005 - AK Steel is adding a titanium component to its stainless steel raw material surcharge due to a nearly five-fold rise in cost since the beginning of 2004.

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