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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
Steel Dynamics Announces Initiation of Cash Dividend
15 July 2004 - Steel Dynamics, Inc.’s Board of Directors has declared the company's first quarterly cash dividend.
Oregon Steel to Build New Pipe Mill
15 July 2004 - Oregon Steel Mills, Inc.’s Board of Directors has approved the construction of a spiral weld double submerged arc weld (DSAW) pipe making facility at or near its Portland, Ore., mill.
Timken Acquires Technical Services Group
14 July 2004 - The Timken Co. has acquired the assets of SES Technical Group, a division of SES, LLC. Terms of the deal were not disclosed.
TXI Reports Record Steel Profits for 4th Quarter
14 July 2004 - Texas Industries, Inc. reported net income of $37.6 million on net sales of $519.9 million for the quarter ended May 31, 2004.
California Steel Reports 2nd Quarter Results
14 July 2004 - California Steel Industries, Inc. reported net income of $26.3 million on sales of $288.5 million for the quarter ended June 30, 2004.
Dofasco Adjusts 2nd Quarter Earnings Outlook
14 July 2004 - Dofasco Inc. announced that it expects its consolidated earnings for the second quarter of 2004 to be approximately $1.45 per common share, above the range of $0.83 to $1.20 expected by steel industry analysts.
Allegheny Technologies Announces Public Common Stock Offering
13 July 2004 - Allegheny Technologies Inc. is making a public offering of 10 million shares of its common stock under its effective shelf registration statement. Over a 30-day period, the underwriters have the option to purchase up to 1.5 million additional shares to cover over-allotments.
Latest Update on Wheeling Pittsburgh EAF Construction
13 July 2004 - Wheeling Pittsburgh Steel Corp. has updated its website with information and photos about the construction and future operations of the electric arc furnace that is under construction at its Mingo Junction plant.
Cliffs Comments on Strike at Wabush Mines
12 July 2004 - Cleveland-Cliffs Inc. expressed its disappointed that the United Steelworkers of America have called a strike at Wabush Mines in Canada.
ISG Riverdale Resumes Operations Ahead of Schedule
12 July 2004 - International Steel Group Inc. announced today that its ISG Riverdale Inc. subsidiary restarted operations on July 2, ahead of schedule, and is rapidly returning to normal operations.
U. S. Steel to Sell Former South Works Property
12 July 2004 - United States Steel Corp. and Southworks Development, LLC announced an agreement for the sale of 275 acres of land on the former site of U. S. Steel's South Works steelmaking facility. Terms of the agreement, which is subject to approval by U. S. Steel's board of directors, were not announced.
ISG Weirton to Start Second Blast Furnace
12 July 2004 - International Steel Group Inc. will restart a second blast furnace at the Weirton, W.Va., facility, in response to strong customer demand for its value-added, coated steel products.
Allegheny Technologies Announces New Board Committee Assignments
09 July 2004 - Allegheny Technologies Inc. announced that James E. Rohr, 55, was named Chairman of ATI's Audit Committee and Diane C. Creel, 55, was named Chairman of ATI's Finance Committee.
Tetra Tech to Manage Relocation of Former Geneva Steel Assets
09 July 2004 - Tetra Tech, Inc. has been awarded a $27 million contract from Qingdao Iron & Steel Group Co. Ltd. to manage the environmental issues, dismantlement, shipment, and reassembly of assets purchased from the bankruptcy estate of Geneva Steel.
Quanex Files Registration Statement for Resale of Convertible Debentures
08 July 2004 - Quanex Corp. has filed a registration statement with the Securities and Exchange Commission (SEC) to register for resale its 2.50% Convertible Senior Debentures due 2034, and any shares of Quanex common stock issuable upon conversion of the debentures.
Schnitzer Steel Reports Record Quarterly Revenue and Net Income
08 July 2004 - Schnitzer Steel Industries, Inc. reported net income of $42.5 million on revenues of $193.8 million for the third quarter ended May 31, 2004. For the first nine months of fiscal 2004, Schnitzer Steel reported net earnings of $73.2 million on revenues of $483.7 million.
Steel Industry Groups Sign Safety Alliance with OSHA
08 July 2004 - The U.S. Occupational Safety and Health Administration (OSHA) and the three major trade associations representing virtually all of the basic and specialty steel producers in America have joined forces in an effort to enhance worker safety and health in the nation's steel mills.
AK Steel Expects to Report Second Quarter Net Income
07 July 2004 - AK Steel Corp. said that it expects to report net income for the second quarter of 2004, excluding an anticipated gain on the sale of the company's Houston, Texas, industrial park, which was completed on April 12, 2004.
Wheeling Pittsburgh Generates Savings from Idled Equipment and Buildings
07 July 2004 - Wheeling Pittsburgh Steel Corp. has completed more than half of a demolition program that is expected to generate in excess of $1.1 million in scrap steel savings.
VAI Fuchs to Supply Ladle Furnaces to Ispat Sidex
06 July 2004 - Ispat Sidex, Romania, recently awarded VAI Fuchs with a contract for two new 180-tonne ladle furnaces.
