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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
Schnitzer Steel Reports Record Quarterly Earnings
02 April 2004 - Schnitzer Steel Industries, Inc. reported net income of $18.5 million on revenues of $161.6 million for the second fiscal quarter ended February 29, 2004.
Schnitzer Steel Second Quarter Segment Details
02 April 2004 - Metals Recycling Business—Schnitzer Steel’s wholly owned Metals Recycling Business reported operating income of $13.2 million in the second quarter of fiscal 2004, an improvement of $4.7 million (55%) over the same quarter last year. Operating income divided by ferrous tons sold averaged $26 per ton in the second quarter of fiscal 2004, which compares to $15 per ton and $24 per ton in the second quarter of fiscal 2003 and the first quarter of fiscal 2004, respectively. The improved operating margins were primarily driven by higher average selling prices, which rose by 42% and 13%, over the second quarter of fiscal 2003 and the first quarter of 2004, respectively. Overall, market selling prices rose rapidly in the second fiscal quarter due primarily to the strength in demand from domestic steel manufacturers who saw their finished product order backlog and prices grow. Fiscal 2004 second quarter average domestic selling prices actually increased at a greater rate than our average export selling prices, which was primarily caused by the timing of when orders are received and shipped. Export orders are typically received 60-90 days ahead of shipment, whereas domestic sales are typically shipped within 30 days of order.
Slater Steelworkers Ratify Revised Agreement with Delaware Street Capital
02 April 2004 -
ISG to Offer $600 Million of Senior Notes
02 April 2004 -
Timken Raises Earnings Outlook
02 April 2004 -
AK Steel and Ohio EPA Reach Milestone Agreement
01 April 2004 -
ThyssenKrupp Calls Emissions Compromise a Step in the Right Direction
01 April 2004 -
R.T. Patterson Adds Industry Veterans to Staff
31 March 2004 -
Steel Imports Down Slightly in February
31 March 2004 -
Slater Steelworkers to Vote on Revised Agreement with DSC
31 March 2004 -
German Steelworkers Demonstrate against Environment Minister’s Plans
30 March 2004 -
Talley Metals to Increase Stainless Prices
30 March 2004 -
Kentucky Tax Incentives to Support AK Steel Modernization at Ashland Works
30 March 2004 -
IISI Members Top List of World Steelmakers
30 March 2004 -
Ipsco Adjusts First Quarter Earnings Outlook
29 March 2004 -
AK Steel Coke Plant to Receive 4th Consecutive Safety Award
26 March 2004 - AK Steel’s Middletown, Ohio, coke plant has again been selected to receive the Max Eward Safety Award from the American Coke and Coal Chemicals Institute (ACCCI). The award recognizes the ACCCI-member coke plant with the best safety record during 2003. Employees at the Middletown coke plant have worked for four years in a row with a record of zero lost-time injuries.
Weirton Steel Expects at Least $2.7 Million from Property Sale
26 March 2004 -
Steel Dynamics Comments on GM Lawsuit
26 March 2004 -
Uhde to Integrate ThyssenKrupp EnCoke
26 March 2004 -
CCAA Extends Ivaco Protection Until May 21, 2004
25 March 2004 -
